Netflix (NASDAQ:NFLX) Trading Down 0.2% After Insider Selling

Netflix, Inc. (NASDAQ:NFLX) shares were down 0.2% on Monday after an insider sold shares in the company. The company traded as low as $719.40 and last traded at $721.21. Approximately 468,064 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 3,633,721 shares. The stock had previously closed at $722.79.

Specifically, Director Leslie J. Kilgore sold 383 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $730.00, for a total transaction of $279,590.00. Following the transaction, the director now directly owns 35,262 shares of the company’s stock, valued at approximately $25,741,260. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NFLX shares. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. UBS Group upped their target price on Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Bank of America raised their target price on Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Sanford C. Bernstein upped their price target on Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a research note on Friday, July 19th. Finally, Macquarie raised their price objective on Netflix from $695.00 to $795.00 and gave the company an “outperform” rating in a research report on Friday. Two investment 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $702.79.

Netflix Price Performance

The firm has a 50-day simple moving average of $686.60 and a 200-day simple moving average of $651.60. The firm has a market capitalization of $308.42 billion, a PE ratio of 50.05, a PEG ratio of 1.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. During the same quarter last year, the firm posted $3.29 earnings per share. The firm’s revenue was up 16.8% compared to the same quarter last year. As a group, equities analysts forecast that Netflix, Inc. will post 19.08 earnings per share for the current year.

Institutional Investors Weigh In On Netflix

A number of hedge funds have recently modified their holdings of the business. Heartland Bank & Trust Co increased its holdings in shares of Netflix by 0.9% in the second quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after purchasing an additional 15 shares during the period. Meritas Wealth Management LLC increased its holdings in Netflix by 2.9% in the 3rd quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock worth $406,000 after buying an additional 16 shares during the period. Obermeyer Wood Investment Counsel Lllp raised its position in Netflix by 2.8% during the 1st quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock worth $378,000 after buying an additional 17 shares during the last quarter. Private Portfolio Partners LLC raised its position in Netflix by 1.7% during the 1st quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock worth $633,000 after buying an additional 17 shares during the last quarter. Finally, FAS Wealth Partners Inc. boosted its holdings in shares of Netflix by 1.5% in the 2nd quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network’s stock valued at $786,000 after acquiring an additional 17 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Company Profile

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.