Insider Selling: Netflix, Inc. (NASDAQ:NFLX) Insider Sells $159,090.16 in Stock

Netflix, Inc. (NASDAQ:NFLX) insider David A. Hyman sold 268 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $593.62, for a total value of $159,090.16. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at $18,764,328.20. The transaction was disclosed in a filing with the SEC, which is available through this link.

Netflix Price Performance

NASDAQ NFLX opened at $609.47 on Thursday. The firm’s fifty day simple moving average is $602.85 and its two-hundred day simple moving average is $531.62. The firm has a market capitalization of $262.66 billion, a P/E ratio of 42.29, a P/E/G 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. Netflix, Inc. has a 12-month low of $329.51 and a 12-month high of $639.00.

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 the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. During the same period in the previous year, the business earned $2.88 EPS. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. Analysts forecast that Netflix, Inc. will post 18.3 EPS for the current fiscal year.

Analyst Ratings Changes

NFLX has been the topic of several recent research reports. Rosenblatt Securities decreased their price objective on Netflix from $554.00 to $540.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. DZ Bank upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 target price on the stock in a research note on Thursday, January 25th. Evercore ISI upped their price target on shares of Netflix from $640.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday, April 19th. Barclays raised their price objective on shares of Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Finally, Needham & Company LLC raised shares of Netflix from a “hold” rating to a “buy” rating and set a $700.00 target price for the company in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus price target of $631.15.

Hedge Funds Weigh In On Netflix

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fortis Capital Advisors LLC increased its stake in Netflix by 20.0% during the 1st quarter. Fortis Capital Advisors LLC now owns 4,201 shares of the Internet television network’s stock valued at $2,551,000 after purchasing an additional 699 shares in the last quarter. Tradewinds LLC. acquired a new position in shares of Netflix in the 1st quarter valued at $329,000. Souders Financial Advisors purchased a new position in Netflix in the 1st quarter worth $856,000. Angeles Wealth Management LLC lifted its position in Netflix by 27.4% during the 1st quarter. Angeles Wealth Management LLC now owns 1,990 shares of the Internet television network’s stock worth $1,209,000 after acquiring an additional 428 shares during the period. Finally, Interchange Capital Partners LLC purchased a new stake in Netflix during the 1st quarter valued at about $350,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

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.