Netflix, Inc. (NASDAQ:NFLX) Director Sells $39,762,112.50 in Stock

Netflix, Inc. (NASDAQ:NFLX) Director Jay C. Hoag sold 31,750 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the transaction, the director now directly owns 63,040 shares in the company, valued at approximately $78,948,144. The trade was a 33.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Netflix Trading Down 1.7%

Shares of NFLX stock opened at $1,203.62 on Wednesday. The business’s 50 day moving average is $1,099.31 and its two-hundred day moving average is $992.93. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,262.81. The company has a market capitalization of $512.23 billion, a P/E ratio of 60.70, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period last year, the business posted $8.28 EPS. Equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on NFLX. Rosenblatt Securities increased their target price on Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. Wedbush reissued an “outperform” rating and set a $1,200.00 target price on shares of Netflix in a research note on Monday, May 5th. Barclays increased their target price on Netflix from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Monday, April 21st. KeyCorp increased their target price on Netflix from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a research note on Monday, April 21st. Finally, Pivotal Research increased their price target on Netflix from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a research report on Monday, April 21st. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,149.91.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fullcircle Wealth LLC lifted its holdings in shares of Netflix by 2.5% in the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network’s stock valued at $344,000 after buying an additional 9 shares during the period. Capital Analysts LLC lifted its holdings in shares of Netflix by 0.3% in the 1st quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network’s stock valued at $2,443,000 after buying an additional 9 shares during the period. Enterprise Financial Services Corp lifted its holdings in shares of Netflix by 1.8% in the 1st quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network’s stock valued at $471,000 after buying an additional 9 shares during the period. West Michigan Advisors LLC lifted its holdings in shares of Netflix by 1.3% in the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock valued at $692,000 after buying an additional 10 shares during the period. Finally, Warwick Investment Management Inc. lifted its holdings in shares of Netflix by 3.5% in the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock valued at $266,000 after buying an additional 10 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.