Netflix, Inc. (NASDAQ:NFLX) Insider David A. Hyman Sells 268 Shares

Netflix, Inc. (NASDAQ:NFLX) insider David A. Hyman sold 268 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $593.62, for a total value of $159,090.16. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at $18,764,328.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $17.63 during trading hours on Monday, reaching $596.97. 3,683,139 shares of the stock traded hands, compared to its average volume of 4,428,370. The company has a market capitalization of $257.27 billion, a P/E ratio of 41.43, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 52-week low of $322.03 and a 52-week high of $639.00. The company’s 50-day simple moving average is $602.76 and its two-hundred day simple moving average is $530.17.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. The business had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.88 EPS. Equities research analysts forecast that Netflix, Inc. will post 18.3 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. CICC Research began coverage on Netflix in a research note on Thursday. They issued an “outperform” rating and a $650.00 price target on the stock. Pivotal Research boosted their price objective on Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a report on Friday, April 19th. UBS Group boosted their price objective on Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Citigroup increased their price target on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a research report on Monday, March 25th. Finally, Rosenblatt Securities lowered their price target on Netflix from $554.00 to $540.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $631.15.

Hedge Funds Weigh In On Netflix

Large investors have recently bought and sold shares of the stock. Columbia Trust Co 01012016 increased its stake in Netflix by 15.3% in the 4th quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock worth $762,000 after purchasing an additional 208 shares during the period. Crumly & Associates Inc. grew its position in shares of Netflix by 4.1% in the 4th quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock worth $1,025,000 after buying an additional 83 shares during the last quarter. Venture Visionary Partners LLC grew its position in shares of Netflix by 15.4% in the 4th quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock worth $4,795,000 after buying an additional 1,318 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Netflix by 142.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock worth $252,085,000 after buying an additional 392,427 shares during the last quarter. Finally, Sandy Cove Advisors LLC grew its position in shares of Netflix by 10.6% in the 4th quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock worth $578,000 after buying an additional 114 shares during the last quarter. 80.93% of the stock is 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.