Netflix (NASDAQ:NFLX) Trading Down 0.3% Following Insider Selling

by · The Markets Daily

Netflix, Inc. (NASDAQ:NFLX – Get Free Report) traded down 0.3% on Monday after an insider sold shares in the company. The company traded as low as $749.94 and last traded at $752.05. 523,632 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 3,706,297 shares. The stock had previously closed at $754.68.

Specifically, Director Richard N. Barton sold 5,698 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the completion of the sale, the director now directly owns 246 shares in the company, valued at approximately $185,976. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Jefferies Financial Group increased their price target on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Barclays reiterated an “underweight” rating and issued a $550.00 price objective on shares of Netflix in a research report on Friday, October 18th. Oppenheimer raised their target price on Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Bank of America upped their price target on Netflix from $740.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Evercore ISI raised their price objective on Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average price target of $748.15.

View Our Latest Research Report on NFLX

Netflix Price Performance

The firm has a market capitalization of $324.63 billion, a price-to-earnings ratio of 42.98, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The stock’s fifty day moving average price is $709.10 and its two-hundred day moving average price is $661.69. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Denver PWM LLC purchased a new stake in Netflix during the second quarter worth approximately $25,000. Proffitt & Goodson Inc. lifted its position in shares of Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after buying an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares during the last quarter. AlphaMark Advisors LLC raised its stake in Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after acquiring an additional 45 shares in the last quarter. Finally, Triad Wealth Partners LLC purchased a new stake in Netflix in the second quarter valued at $38,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Company Profile

(Get Free Report)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.

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