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

Netflix, Inc. (NASDAQ:NFLX)’s stock price dropped 0.3% during trading on Friday after an insider sold shares in the company. The company traded as low as $699.88 and last traded at $702.40. Approximately 783,418 shares changed hands during trading, a decline of 79% from the average daily volume of 3,720,605 shares. The stock had previously closed at $704.32.

Specifically, Director Leslie J. Kilgore sold 428 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $715.00, for a total transaction of $306,020.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Wall Street Analyst Weigh In

NFLX has been the subject of several analyst reports. UBS Group boosted their target price on Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Guggenheim boosted their price target on shares of Netflix from $700.00 to $735.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. China Renaissance assumed coverage on shares of Netflix in a report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price objective on the stock. Rosenblatt Securities reiterated a “neutral” rating and set a $635.00 target price on shares of Netflix in a research note on Friday. Finally, JPMorgan Chase & Co. increased their target price on Netflix from $650.00 to $750.00 and gave the company an “overweight” rating in a report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $685.29.

Netflix Stock Performance

The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The stock has a fifty day moving average price of $663.00 and a 200-day moving average price of $640.85. The firm has a market cap of $302.14 billion, a price-to-earnings ratio of 48.65, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $9.53 billion. During the same period in the previous year, the company posted $3.29 EPS. Netflix’s revenue was up 16.8% compared to the same quarter last year. On average, analysts expect that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Netflix

A number of hedge funds have recently added to or reduced their stakes in NFLX. Denver PWM LLC purchased a new position in shares of Netflix during the 2nd quarter worth approximately $25,000. Valued Wealth Advisors LLC raised its position in Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 20 shares in the last quarter. VitalStone Financial LLC raised its position in Netflix by 933.3% in the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 56 shares in the last quarter. Beaird Harris Wealth Management LLC lifted its holdings in Netflix by 1,550.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 62 shares during the period. Finally, Scarborough Advisors LLC purchased a new stake in shares of Netflix during the 4th quarter worth $32,000. Institutional investors and hedge funds 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.