Netflix, Inc. (NASDAQ:NFLX) Insider David A. Hyman Sells 268 Shares

Netflix, Inc. (NASDAQ:NFLX) insider David A. Hyman sold 268 shares of Netflix stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.62, for a total transaction of $159,090.16. Following the sale, the insider now owns 31,610 shares in the company, valued at $18,764,328.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Netflix Stock Performance

NFLX opened at $606.00 on Wednesday. Netflix, Inc. has a 1-year low of $322.03 and a 1-year high of $639.00. The company has a market cap of $261.16 billion, a price-to-earnings ratio of 42.05, a PEG ratio of 1.40 and a beta of 1.23. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. The company’s fifty day moving average price is $602.85 and its two-hundred day moving average price is $531.62.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.88 EPS. On average, analysts expect that Netflix, Inc. will post 18.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NFLX has been the subject of several research reports. Loop Capital raised their price objective on shares of Netflix from $585.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Wells Fargo & Company increased their price objective on Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Canaccord Genuity Group lowered Netflix from a “buy” rating to a “hold” rating and cut their target price for the stock from $720.00 to $585.00 in a research report on Friday, April 19th. Benchmark reiterated a “sell” rating and issued a $440.00 price target on shares of Netflix in a research report on Thursday, April 18th. Finally, Needham & Company LLC upgraded Netflix from a “hold” rating to a “buy” rating and set a $700.00 price objective on the stock in a report on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus price target of $631.15.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NFLX. Authentikos Wealth Advisory LLC bought a new position in shares of Netflix in the third quarter valued at approximately $25,000. Spartan Planning & Wealth Management bought a new position in shares of Netflix in the 3rd quarter worth $26,000. Valued Wealth Advisors LLC raised its stake in shares of Netflix by 80.0% during 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. Carmel Capital Partners LLC boosted its stake in shares of Netflix by 290.0% in the 3rd 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 in the last quarter. Finally, VitalStone Financial LLC grew its holdings in shares of Netflix by 933.3% during the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 56 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

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.