Insider Selling: Netflix, Inc. (NASDAQ:NFLX) Director Sells 290 Shares of Stock

Netflix, Inc. (NASDAQ:NFLX) Director Strive Masiyiwa sold 290 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $1,336.54, for a total transaction of $387,596.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Netflix Stock Performance

Shares of NFLX opened at $1,284.86 on Thursday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. The firm has a market cap of $546.80 billion, a PE ratio of 60.72, a price-to-earnings-growth ratio of 2.50 and a beta of 1.59. The company’s 50 day simple moving average is $1,200.03 and its 200-day simple moving average is $1,031.42. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,341.15.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same period last year, the company earned $8.28 earnings per share. As a group, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Institutional Investors Weigh In On Netflix

Several hedge funds have recently modified their holdings of the stock. Jacobs & Co. CA acquired a new stake in shares of Netflix during the second quarter worth $269,000. Neville Rodie & Shaw Inc. acquired a new stake in shares of Netflix during the second quarter worth $2,942,000. Central Pacific Bank Trust Division lifted its holdings in shares of Netflix by 49.4% during the second quarter. Central Pacific Bank Trust Division now owns 3,689 shares of the Internet television network’s stock worth $4,940,000 after purchasing an additional 1,219 shares during the period. Private Client Services LLC lifted its holdings in shares of Netflix by 69.0% during the second quarter. Private Client Services LLC now owns 475 shares of the Internet television network’s stock worth $636,000 after purchasing an additional 194 shares during the period. Finally, AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of Netflix during the first quarter worth $14,689,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of recent research reports. Oppenheimer upped their target price on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an “outperform” rating in a research note on Thursday, June 12th. Guggenheim restated a “buy” rating and set a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. The Goldman Sachs Group upped their target price on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a “neutral” rating in a research note on Wednesday. Benchmark restated a “hold” rating on shares of Netflix in a research note on Monday, April 21st. Finally, UBS Group upped their target price on shares of Netflix from $1,150.00 to $1,450.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,182.58.

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.