Traders Sell Shares of Netflix (NFLX) on Strength on Insider Selling
Investors sold shares of Netflix, Inc. (NASDAQ:NFLX) on strength during trading hours on Tuesday following insider selling activity. $788.72 million flowed into the stock on the tick-up and $926.31 million flowed out of the stock on the tick-down, for a money net flow of $137.59 million out of the stock. Of all companies tracked, Netflix had the 0th highest net out-flow for the day. Netflix traded up $11.46 for the day and closed at $265.72Specifically, CEO Reed Hastings sold 91,861 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $189.03, for a total transaction of $17,364,484.83. Following the completion of the sale, the chief executive officer now directly owns 91,861 shares of the company’s stock, valued at approximately $17,364,484.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 700 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $194.29, for a total value of $136,003.00. Following the completion of the transaction, the director now directly owns 7,393 shares in the company, valued at $1,436,385.97. The disclosure for this sale can be found here. Insiders have sold a total of 297,138 shares of company stock valued at $62,304,023 over the last ninety days. Company insiders own 4.90% of the company’s stock.
A number of research analysts recently weighed in on the company. MKM Partners raised their price objective on Netflix from $245.00 to $320.00 and gave the company a “buy” rating in a research note on Monday, January 29th. BidaskClub raised Netflix from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 31st. Vetr downgraded Netflix from a “buy” rating to a “hold” rating and set a $266.45 price objective on the stock. in a research note on Tuesday. UBS Group set a $290.00 price objective on Netflix and gave the company a “buy” rating in a research note on Thursday, January 25th. Finally, Robert W. Baird raised their price objective on Netflix from $190.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company. Netflix currently has a consensus rating of “Buy” and a consensus target price of $237.51.
The firm has a market cap of $111,560.00, a price-to-earnings ratio of 207.31, a price-to-earnings-growth ratio of 3.71 and a beta of 1.04. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.81.
Several large investors have recently made changes to their positions in NFLX. Ark Investment Management LLC grew its holdings in shares of Netflix by 37.4% during the 2nd quarter. Ark Investment Management LLC now owns 62,715 shares of the Internet television network’s stock worth $9,370,000 after purchasing an additional 17,064 shares in the last quarter. Numeric Investors LLC acquired a new stake in Netflix in the 2nd quarter valued at $433,000. QS Investors LLC boosted its stake in Netflix by 9.4% in the 2nd quarter. QS Investors LLC now owns 8,060 shares of the Internet television network’s stock valued at $1,204,000 after buying an additional 695 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Netflix by 2.2% in the 2nd quarter. Macquarie Group Ltd. now owns 40,258 shares of the Internet television network’s stock valued at $6,015,000 after buying an additional 882 shares in the last quarter. Finally, Bank of Nova Scotia boosted its stake in Netflix by 881.6% in the 2nd quarter. Bank of Nova Scotia now owns 97,299 shares of the Internet television network’s stock valued at $14,538,000 after buying an additional 87,387 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors.
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Netflix Company Profile
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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