Netflix, Inc. (NASDAQ:NFLX) Insider David A. Hyman Sells 20,656 Shares

Netflix, Inc. (NASDAQ:NFLX) insider David A. Hyman sold 20,656 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the transaction, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Netflix Trading Up 0.3 %

Shares of Netflix stock traded up $1.91 on Wednesday, reaching $611.48. The company had a trading volume of 3,182,082 shares, compared to its average volume of 3,938,514. The firm’s 50 day moving average price is $654.34 and its two-hundred day moving average price is $616.39. The firm has a market cap of $263.55 billion, a PE ratio of 43.72, a PEG ratio of 1.28 and a beta of 1.27. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $697.49. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The firm had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. During the same period in the prior year, the firm earned $3.29 EPS. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. Sell-side analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Netflix

A number of large investors have recently modified their holdings of the company. Obermeyer Wood Investment Counsel Lllp increased its position in shares of Netflix by 2.8% in the 1st quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock valued at $378,000 after purchasing an additional 17 shares during the last quarter. Private Portfolio Partners LLC increased its position in shares of Netflix by 1.7% in the 1st quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock valued at $633,000 after purchasing an additional 17 shares during the last quarter. FAS Wealth Partners Inc. increased its position in shares of Netflix by 1.5% in the 2nd quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network’s stock valued at $786,000 after purchasing an additional 17 shares during the last quarter. KFA Private Wealth Group LLC boosted its holdings in shares of Netflix by 1.9% in the 4th quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock valued at $466,000 after buying an additional 18 shares in the last quarter. Finally, Legacy Capital Group California Inc. boosted its holdings in shares of Netflix by 0.6% in the 4th quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet television network’s stock valued at $1,379,000 after buying an additional 18 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Morgan Stanley raised their target price on shares of Netflix from $700.00 to $780.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a research note on Monday, April 15th. Canaccord Genuity Group restated a “hold” rating and issued a $585.00 target price (down from $720.00) on shares of Netflix in a research note on Friday, April 19th. CICC Research started coverage on shares of Netflix in a research note on Thursday, May 2nd. They set an “outperform” rating and a $650.00 price objective for the company. Finally, Rosenblatt Securities lifted their price objective on shares of Netflix from $554.00 to $635.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $681.21.

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.