Insider Selling: Netflix, Inc. (NASDAQ:NFLX) Insider Sells 238 Shares of Stock

Key Points

• Cletus R. Willems, an insider at Netflix, sold 238 shares at an average price of $1,153.52, totaling approximately $274,537.76.
• Netflix's stock has been trading around $1,178.48 recently, with a 52-week range of $610.64 to $1,341.15.
• Analysts have mixed views on Netflix, with a consensus rating of "Moderate Buy" and an average target price of $1,297.66, indicating continued interest despite varied ratings among firms.

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Netflix Stock Performance

NFLX traded up $30.48 on Friday, reaching $1,210.85. 2,736,237 shares of the stock were exchanged, compared to its average volume of 4,219,405. The company's 50-day moving average price is $1,232.06 and its 200 day moving average price is $1,091.12. The firm has a market capitalization of $514.52 billion, a PE ratio of 51.58, a PEG ratio of 1.98 and a beta of 1.59. Netflix, Inc. has a fifty-two week low of $622.99 and a fifty-two week high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%. Netflix's revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.88 EPS. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Netflix

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after purchasing an additional 509,255 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Netflix by 2.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock worth $10,940,505,000 after buying an additional 304,399 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Netflix by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 9,926,733 shares of the Internet television network's stock worth $13,234,278,000 after purchasing an additional 229,182 shares during the last quarter. GAMMA Investing LLC grew its stake in Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after purchasing an additional 8,827,662 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Netflix by 1.0% in the first quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network's stock worth $4,844,436,000 after purchasing an additional 53,611 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Morgan Stanley reaffirmed an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. BMO Capital Markets restated an "outperform" rating and issued a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Wolfe Research set a $1,340.00 price target on shares of Netflix and gave the company an "outperform" rating in a report on Friday, May 16th. Sanford C. Bernstein raised their target price on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Finally, Pivotal Research reiterated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $1,297.66.

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.