Netflix, Inc. (NASDAQ:NFLX) Insider Sells $491,276.08 in Stock

Key Points

• Insider David A. Hyman sold 424 shares of Netflix stock for approximately $491,276.08, decreasing his ownership by 1.32% to 31,610 shares.
• Netflix reported EPS of $7.19 for the last quarter, exceeding expectations, with revenue of $11.08 billion, a 15.9% increase year-over-year.
• Despite a recent drop in stock price, several analysts have raised their price targets, with BMO Capital Markets setting a new target of $1,425.00.

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) insider David A. Hyman sold 424 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the transaction, the insider directly owned 31,610 shares in the company, valued at approximately $36,625,558.70. The trade was a 1.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Netflix Stock Performance

NASDAQ:NFLX traded up $30.48 during mid-day trading 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 has a 50 day simple moving average of $1,232.06 and a 200-day simple moving average of $1,091.12. The stock has a market capitalization of $514.52 billion, a P/E ratio of 51.58, a P/E/G ratio of 1.98 and a beta of 1.59. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 1 year low of $622.99 and a 1 year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%. The company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period last year, the business posted $4.88 EPS. The company's revenue was up 15.9% on a year-over-year basis. Analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the topic of a number of analyst reports. Bank of America increased their price target on Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Sanford C. Bernstein increased their price target on Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. increased their price target on Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. Jefferies Financial Group set a $1,500.00 price target on Netflix and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Rosenblatt Securities increased their price target on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Three equities research 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 given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,297.66.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of NFLX. Optima Capital LLC raised its position in shares of Netflix by 3.5% during the 2nd quarter. Optima Capital LLC now owns 239 shares of the Internet television network's stock worth $320,000 after purchasing an additional 8 shares during the period. Unified Investment Management raised its position in shares of Netflix by 1.7% during the 2nd quarter. Unified Investment Management now owns 474 shares of the Internet television network's stock worth $635,000 after purchasing an additional 8 shares during the period. Plancorp LLC raised its position in shares of Netflix by 0.6% during the 2nd quarter. Plancorp LLC now owns 1,278 shares of the Internet television network's stock worth $1,711,000 after purchasing an additional 8 shares during the period. Five Oceans Advisors raised its position in shares of Netflix by 1.1% during the 2nd quarter. Five Oceans Advisors now owns 751 shares of the Internet television network's stock worth $1,006,000 after purchasing an additional 8 shares during the period. Finally, Old Port Advisors raised its position in shares of Netflix by 1.3% during the 2nd quarter. Old Port Advisors now owns 624 shares of the Internet television network's stock worth $836,000 after purchasing an additional 8 shares during the period. 80.93% of the stock is currently owned by hedge funds and other 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.