Netflix (NASDAQ:NFLX) Stock Price Down 0.4% on Insider Selling

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) shares traded down 0.4% during mid-day trading on Friday following insider selling activity. The company traded as low as $608.01 and last traded at $609.94. 1,012,142 shares were traded during trading, a decline of 77% from the average session volume of 4,340,092 shares. The stock had previously closed at $612.09.Specifically, insider David A. Hyman sold 268 shares of the business's stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.62, for a total transaction of $159,090.16. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $18,764,328.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Ann Mather sold 3,673 shares of the company's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total value of $2,203,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David A. Hyman sold 268 shares of the company's stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.62, for a total transaction of $159,090.16. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $18,764,328.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,039 shares of company stock worth $46,401,083. 1.76% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Netflix from $525.00 to $550.00 and gave the company a "hold" rating in a research report on Monday, April 15th. Piper Sandler boosted their price target on shares of Netflix from $550.00 to $600.00 and gave the company a "neutral" rating in a research report on Friday, April 12th. StockNews.com upgraded shares of Netflix from a "hold" rating to a "buy" rating in a research report on Monday, February 26th. Needham & Company LLC upgraded shares of Netflix from a "hold" rating to a "buy" rating and set a $700.00 price target on the stock in a research report on Friday, April 19th. Finally, Seaport Res Ptn cut shares of Netflix from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $631.15.

Netflix Trading Down 0.2 %

The firm has a market capitalization of $263.26 billion, a P/E ratio of 42.30, a PEG ratio of 1.40 and a beta of 1.23. The business has a 50 day moving average of $603.29 and a 200-day moving average of $532.72. 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 (NASDAQ:NFLX - Get Free Report) last issued its quarterly 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. The company had revenue of $9.37 billion during the quarter, compared to analysts' expectations of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business's quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the business earned $2.88 EPS. Analysts anticipate that Netflix, Inc. will post 18.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Netflix

Hedge funds have recently made changes to their positions in the business. Whittier Trust Co. boosted its holdings in shares of Netflix by 1.4% in the 3rd quarter. Whittier Trust Co. now owns 4,212 shares of the Internet television network's stock valued at $1,590,000 after buying an additional 60 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Netflix by 9.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 493 shares of the Internet television network's stock valued at $186,000 after purchasing an additional 43 shares during the last quarter. Eads & Heald Wealth Management acquired a new stake in Netflix during the 3rd quarter valued at $225,000. Financial Advocates Investment Management lifted its holdings in Netflix by 2.4% during the 3rd quarter. Financial Advocates Investment Management now owns 3,271 shares of the Internet television network's stock valued at $1,235,000 after purchasing an additional 78 shares during the last quarter. Finally, Carmel Capital Partners LLC lifted its holdings in Netflix by 290.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network's stock valued at $30,000 after purchasing an additional 58 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

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.

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