Netflix (NASDAQ:NFLX) Insider David Hyman Sells 5,727 Shares of Company Stock

Netflix, Inc. (NASDAQ:NFLX) insider David Hyman sold 5,727 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $64.55, for a total value of $369,677.85. Following the completion of the transaction, the insider owned 166,100 shares in the company, valued at $10,721,755. This represents a 3.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Netflix Stock Up 4.7%

NASDAQ NFLX traded up $2.97 during trading on Wednesday, reaching $66.39. The company’s stock had a trading volume of 49,687,215 shares, compared to its average volume of 42,833,777. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $272.62 billion, a PE ratio of 19.19, a PEG ratio of 0.91 and a beta of 1.62. The business has a 50-day moving average price of $72.00 and a 200-day moving average price of $81.31. Netflix, Inc. has a 1-year low of $61.39 and a 1-year high of $116.73.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, October 20th. The Internet television network reported $0.87 EPS for the quarter, topping the consensus estimate of $0.82 by $0.05. Netflix had a net margin of 29.69% and a return on equity of 42.69%. The company had revenue of $12.87 billion during the quarter, compared to the consensus estimate of $12.87 billion. During the same period in the previous year, the firm posted $0.59 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, research analysts forecast that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Netflix

A number of institutional investors have recently modified their holdings of NFLX. Nykredit A S bought a new position in shares of Netflix in the second quarter worth about $105,697,000. Rockland Trust Co. lifted its position in shares of Netflix by 27.5% during the 3rd quarter. Rockland Trust Co. now owns 219,221 shares of the Internet television network’s stock worth $15,253,000 after purchasing an additional 47,339 shares during the last quarter. Boomfish Wealth Group LLC lifted its position in shares of Netflix by 91.5% during the 3rd quarter. Boomfish Wealth Group LLC now owns 34,547 shares of the Internet television network’s stock worth $2,404,000 after purchasing an additional 16,510 shares during the last quarter. Welch & Forbes LLC boosted its stake in Netflix by 3,464.5% during the 1st quarter. Welch & Forbes LLC now owns 118,448 shares of the Internet television network’s stock valued at $11,389,000 after purchasing an additional 115,125 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Netflix during the 2nd quarter valued at approximately $37,743,000. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. UBS Group set a $90.00 price objective on shares of Netflix in a report on Wednesday, October 21st. BMO Capital Markets reissued an “outperform” rating and set a $125.00 target price (down from $135.00) on shares of Netflix in a research report on Friday, October 16th. DZ Bank restated a “buy” rating on shares of Netflix in a report on Monday, July 20th. Weiss Ratings cut Netflix from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. Finally, KGI Securities downgraded Netflix from an “outperform” rating to a “neutral” rating and set a $75.00 price target for the company. in a research note on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $89.14.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix reportedly posted record profits, repurchased nearly $5 billion of its stock, and signed deals with Disney and the NFL. Those factors support the case that its business remains financially strong even as its shares trade near a 52-week low. Netflix Is Playing a Bigger Game. Investors Should Take Notice
• Positive Sentiment: Investor Bill Ackman called Netflix “incredibly cheap” after the stock’s steep decline. The article also notes that subscriber churn improved year over year in the third quarter, a potentially encouraging sign for retention. Bill Ackman: Netflix “an Incredibly Cheap Stock” After a 55% Drop. But Is He Right?
• Positive Sentiment: Netflix launched an experimental AI Discover feature that recommends content based on viewers’ moods. Better discovery could help users find shows and remain engaged with the service. Netflix’s new AI Discover tab helps you find something to watch based on your mood
• Neutral Sentiment: Netflix hired an adtech executive, signaling continued investment in its advertising platform. The move could support future ad growth, but the article provides no details on near-term financial impact. Netflix just hired an adtech operator who knows how to solve ‘gnarly problems’
• Negative Sentiment: Investor concerns include slowing revenue growth, uninspiring guidance, and a reported decline in viewing hours tied to changes in Netflix’s content mix. These issues could limit a recovery if engagement and growth do not improve. Netflix Trades at a Discount to the S&P 500’s Valuation. Is It Deserved?

About Netflix

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming services. Its platform offers a broad selection of television series, films, documentaries, stand-up specials and other programming, including content produced by Netflix and licensed from third-party studios and creators.

The company also develops and distributes original productions under the Netflix brand and has expanded into additional entertainment offerings, including mobile and cloud-based games in select markets and live programming.