Insider Selling: Netflix, Inc. (NASDAQ:NFLX) Director Sells 1,090 Shares of Stock

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) Director Ann Mather sold 1,090 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total transaction of $1,362,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ann Mather also recently made the following trade(s):

• On Friday, May 9th, Ann Mather sold 1,358 shares of Netflix stock. The shares were sold at an average price of $1,150.00, for a total transaction of $1,561,700.00.

Netflix Stock Performance

NFLX traded down $9.05 during trading hours on Friday, hitting $1,241.47. The stock had a trading volume of 2,554,085 shares, compared to its average volume of 3,744,906. The company's fifty day simple moving average is $1,081.54 and its 200 day simple moving average is $985.25. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,262.81. The stock has a market cap of $528.33 billion, a PE ratio of 62.61, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last released 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 net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. During the same quarter in the prior year, the firm posted $8.28 earnings per share. Equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NFLX shares. Wells Fargo & Company lifted their target price on shares of Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Morgan Stanley raised their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Citigroup reissued a "neutral" rating and set a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Evercore ISI reissued an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Finally, Macquarie upped their price objective on Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a report on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $1,149.91.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Capital & Planning LLC bought a new position in shares of Netflix in the fourth quarter worth approximately $809,000. Brighton Jones LLC boosted its holdings in shares of Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after purchasing an additional 257 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Netflix during the 4th quarter valued at approximately $12,212,000. Revolve Wealth Partners LLC raised its position in Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after purchasing an additional 144 shares during the period. Finally, Sargent Investment Group LLC raised its stake in shares of Netflix by 43.0% in the fourth quarter. Sargent Investment Group LLC now owns 429 shares of the Internet television network's stock valued at $360,000 after acquiring an additional 129 shares during the period. 80.93% of the stock is owned by 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.

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