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

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

Specifically, Director Leslie J. Kilgore sold 383 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total value of $279,590.00. Following the sale, the director now owns 35,262 shares in the company, valued at $25,741,260. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Analysts Set New Price Targets

A number of research firms recently weighed in on NFLX. China Renaissance began coverage on Netflix in a report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price target on the stock. Oppenheimer upped their price target on Netflix from $725.00 to $775.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Citigroup raised their price target on Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Loop Capital upped their price objective on Netflix from $700.00 to $750.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Finally, Sanford C. Bernstein lifted their price objective on Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a research report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $702.79.

Netflix Stock Performance

The stock’s 50 day moving average price is $688.89 and its 200 day moving average price is $652.34. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The firm has a market cap of $307.30 billion, a PE ratio of 49.48, a P/E/G ratio of 1.49 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating 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 business 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 EPS. The business’s revenue for the quarter 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 fiscal year.

Institutional Investors Weigh In On Netflix

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. Scarborough Advisors LLC purchased a new stake in Netflix during the 4th quarter worth $32,000. SageView Advisory Group LLC increased its position in shares of Netflix by 245.0% in the 4th quarter. SageView Advisory Group LLC now owns 3,136 shares of the Internet television network’s stock worth $1,527,000 after purchasing an additional 2,227 shares during the last quarter. Trust Co. of Vermont increased its position in shares of Netflix by 24.1% in the 4th quarter. Trust Co. of Vermont now owns 463 shares of the Internet television network’s stock worth $225,000 after purchasing an additional 90 shares during the last quarter. Leo Wealth LLC bought a new stake in shares of Netflix in the 4th quarter worth about $523,000. Finally, Trust Co. of Toledo NA OH increased its position in shares of Netflix by 1.5% in the 1st quarter. Trust Co. of Toledo NA OH now owns 2,463 shares of the Internet television network’s stock worth $1,496,000 after purchasing an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

About Netflix

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.