Netflix (NASDAQ:NFLX) Stock Price Down 0.1% Following Insider Selling

Netflix, Inc. (NASDAQ:NFLX)’s share price traded down 0.1% during mid-day trading on Wednesday following insider selling activity. The stock traded as low as $986.68 and last traded at $993.56. 1,070,350 shares changed hands during trading, a decline of 76% from the average session volume of 4,394,069 shares. The stock had previously closed at $994.87.

Specifically, CEO Gregory K. Peters sold 9,975 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $1,001.00, for a total transaction of $9,984,975.00. Following the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $12,962,950. This represents a 43.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Hyman sold 424 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $994.63, for a total value of $421,723.12. Following the transaction, the insider now owns 31,610 shares in the company, valued at $31,440,254.30. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In other news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Wall Street Analyst Weigh In

NFLX has been the subject of several analyst reports. Wedbush restated an “outperform” rating and set a $1,150.00 target price (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Citigroup increased their target price on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Pivotal Research increased their target price on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Wolfe Research upgraded Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price for the company in a report on Thursday, January 23rd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Price Performance

The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market cap of $434.47 billion, a PE ratio of 51.22, a P/E/G ratio of 2.02 and a beta of 1.27. The firm’s fifty day simple moving average is $912.05 and its two-hundred day simple moving average is $786.03.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the firm earned $2.11 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Hedge Funds Weigh In On Netflix

Large investors have recently added to or reduced their stakes in the company. AMF Tjanstepension AB lifted its holdings in shares of Netflix by 7.4% in the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock worth $48,557,000 after buying an additional 4,701 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of Netflix by 6.4% in the third quarter. Brookstone Capital Management now owns 7,486 shares of the Internet television network’s stock worth $5,310,000 after buying an additional 447 shares in the last quarter. Sovereign Financial Group Inc. lifted its holdings in shares of Netflix by 42.9% in the third quarter. Sovereign Financial Group Inc. now owns 440 shares of the Internet television network’s stock worth $312,000 after buying an additional 132 shares in the last quarter. Daymark Wealth Partners LLC lifted its holdings in shares of Netflix by 3.2% in the third quarter. Daymark Wealth Partners LLC now owns 2,225 shares of the Internet television network’s stock worth $1,578,000 after buying an additional 69 shares in the last quarter. Finally, Marcum Wealth LLC lifted its holdings in shares of Netflix by 5.3% in the third quarter. Marcum Wealth LLC now owns 1,631 shares of the Internet television network’s stock worth $1,157,000 after buying an additional 82 shares in the last quarter. Hedge funds and other 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.