Insider Selling: Netflix, Inc. (NASDAQ:NFLX) Director Sells $1,756,820.00 in Stock

Netflix, Inc. (NASDAQ:NFLX) Director Anne M. Sweeney sold 3,029 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $580.00, for a total transaction of $1,756,820.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Anne M. Sweeney also recently made the following trade(s):

• On Wednesday, May 1st, Anne M. Sweeney sold 633 shares of Netflix stock. The shares were sold at an average price of $560.00, for a total transaction of $354,480.00.

Netflix Trading Up 0.6 %

Shares of Netflix stock opened at $609.47 on Thursday. Netflix, Inc. has a 52-week low of $329.51 and a 52-week high of $639.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The company’s 50-day simple moving average is $602.85 and its 200-day simple moving average is $531.62. The firm has a market cap of $262.66 billion, a price-to-earnings ratio of 42.29, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23.

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

Analyst Ratings Changes

Several brokerages have commented on NFLX. Redburn Atlantic raised their price target on shares of Netflix from $550.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Rosenblatt Securities decreased their price target on shares of Netflix from $554.00 to $540.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Benchmark reissued a “sell” rating and issued a $440.00 price target on shares of Netflix in a research report on Thursday, April 18th. Evercore ISI raised their price target on shares of Netflix from $640.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, April 19th. Finally, Canaccord Genuity Group cut shares of Netflix from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $720.00 to $585.00 in a research report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $631.15.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NFLX. Verdence Capital Advisors LLC boosted its holdings in Netflix by 12.3% during the third quarter. Verdence Capital Advisors LLC now owns 1,246 shares of the Internet television network’s stock worth $470,000 after buying an additional 136 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Netflix by 0.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 90,655 shares of the Internet television network’s stock worth $34,231,000 after buying an additional 567 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its holdings in Netflix by 29.6% during the third quarter. GPS Wealth Strategies Group LLC now owns 1,669 shares of the Internet television network’s stock worth $630,000 after buying an additional 381 shares in the last quarter. Brighton Jones LLC boosted its holdings in Netflix by 5.0% during the third quarter. Brighton Jones LLC now owns 9,926 shares of the Internet television network’s stock worth $3,748,000 after buying an additional 473 shares in the last quarter. Finally, Calamos Wealth Management LLC boosted its holdings in Netflix by 435.2% during the third quarter. Calamos Wealth Management LLC now owns 16,822 shares of the Internet television network’s stock worth $6,352,000 after buying an additional 13,679 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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.