Netflix, Inc. (NASDAQ:NFLX) CEO Theodore A. Sarandos Sells 1,278 Shares

Netflix, Inc. (NASDAQ:NFLX) CEO Theodore A. Sarandos sold 1,278 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total transaction of $980,289.90. Following the completion of the sale, the chief executive officer now directly owns 2,556 shares of the company’s stock, valued at approximately $1,960,579.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Netflix Stock Performance

NFLX opened at $796.54 on Friday. Netflix, Inc. has a 1-year low of $433.68 and a 1-year high of $798.22. The stock has a market cap of $340.49 billion, a P/E ratio of 45.08, a P/E/G ratio of 1.46 and a beta of 1.25. The stock’s 50 day simple moving average is $717.59 and its 200 day simple moving average is $667.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Institutional Trading of Netflix

Several large investors have recently bought and sold shares of NFLX. International Assets Investment Management LLC boosted its position in shares of Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after buying an additional 5,748,200 shares in the last quarter. GQG Partners LLC purchased a new stake in shares of Netflix in the first quarter valued at about $1,450,476,000. Assenagon Asset Management S.A. grew its position in shares of Netflix by 154.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after purchasing an additional 642,920 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in shares of Netflix in the first quarter valued at approximately $372,293,000. Finally, Swedbank AB purchased a new position in shares of Netflix during the 1st quarter worth approximately $216,538,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on NFLX. Pivotal Research boosted their target price on Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a report on Friday, October 18th. Bank of America boosted their price objective on Netflix from $740.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Evercore ISI raised their target price on shares of Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Jefferies Financial Group upped their price target on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat, Netflix has an average rating of “Moderate Buy” and an average price target of $748.15.

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.