Netflix, Inc. (NASDAQ:NFLX) Insider Sells $204,433.89 in Stock

Netflix, Inc. (NASDAQ:NFLX) insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Netflix Stock Performance

Shares of NFLX stock opened at $780.21 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The company’s fifty day moving average price is $717.59 and its 200-day moving average price is $667.98. The stock has a market cap of $333.51 billion, a PE ratio of 44.15, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. Netflix, Inc. has a 12 month low of $431.00 and a 12 month high of $781.49.

Analyst Ratings Changes

NFLX has been the subject of several recent analyst reports. Loop Capital boosted their price objective on shares of Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Morgan Stanley boosted their price target on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Needham & Company LLC increased their price objective on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Benchmark restated a “sell” rating and set a $545.00 target price on shares of Netflix in a research report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $748.15.

Institutional Investors Weigh In On Netflix

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. DigitalBridge Group Inc. boosted its position in shares of Netflix by 35.5% in the 2nd quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after purchasing an additional 9,451 shares in the last quarter. M&G Plc bought a new stake in Netflix in the first quarter worth $9,682,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Netflix by 58.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock worth $55,968,000 after acquiring an additional 30,511 shares during the last quarter. Forsta AP Fonden grew its stake in shares of Netflix by 7.7% in the third quarter. Forsta AP Fonden now owns 121,400 shares of the Internet television network’s stock worth $86,105,000 after acquiring an additional 8,700 shares during the last quarter. Finally, Koshinski Asset Management Inc. bought a new position in shares of Netflix during the first quarter valued at $1,304,000. 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.