Netflix, Inc. (NASDAQ:NFLX) Insider David A. Hyman Sells 267 Shares of Stock

Netflix, Inc. (NASDAQ:NFLXGet Free Report) insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Netflix Stock Performance

Netflix stock opened at $559.30 on Thursday. The company has a market cap of $242.04 billion, a price-to-earnings ratio of 46.57, a price-to-earnings-growth ratio of 1.51 and a beta of 1.22. Netflix, Inc. has a 12 month low of $285.33 and a 12 month high of $579.64. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.12. The stock’s 50-day moving average is $496.71 and its 200-day moving average is $445.85.

Netflix (NASDAQ:NFLXGet Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Netflix had a net margin of 16.04% and a return on equity of 24.76%. The business had revenue of $8.83 billion for the quarter, compared to analyst estimates of $8.72 billion. During the same period last year, the firm earned $0.12 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. Equities analysts anticipate that Netflix, Inc. will post 16.93 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Authentikos Wealth Advisory LLC purchased a new stake in shares of Netflix during the 3rd quarter valued at about $25,000. Spartan Planning & Wealth Management acquired a new stake in Netflix in the third quarter valued at approximately $26,000. Blue Bell Private Wealth Management LLC lifted its position in shares of Netflix by 89.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after purchasing an additional 35 shares in the last quarter. Carmel Capital Partners LLC boosted its stake in shares of Netflix by 290.0% in the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 58 shares during the period. Finally, Pacifica Partners Inc. acquired a new stake in Netflix during the 4th quarter valued at $41,000. Institutional investors and hedge funds own 79.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Evercore ISI upped their price target on Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Rosenblatt Securities upped their target price on Netflix from $400.00 to $404.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th. Wolfe Research lowered Netflix from an “outperform” rating to a “peer perform” rating in a research report on Friday, October 13th. BMO Capital Markets increased their price objective on Netflix from $566.00 to $638.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Netflix from $510.00 to $610.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $553.33.

Check Out Our Latest Analysis on NFLX

About Netflix

(Get Free Report)

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

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