Insider Selling: Netflix, Inc. (NASDAQ:NFLX) Director Sells $221,535.00 in Stock

Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 500 shares of Netflix stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $443.07, for a total value of $221,535.00. Following the sale, the director now directly owns 152 shares of the company’s stock, valued at $67,346.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Netflix Stock Performance

NFLX opened at $400.49 on Friday. The stock has a market cap of $177.48 billion, a P/E ratio of 42.65, a P/E/G ratio of 1.37 and a beta of 1.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.33 and a quick ratio of 1.33. The stock’s 50 day simple moving average is $432.50 and its 200 day simple moving average is $383.04. Netflix, Inc. has a 1-year low of $211.73 and a 1-year high of $485.00.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Wednesday, July 19th. The Internet television network reported $3.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.44. The business had revenue of $8.19 billion for the quarter, compared to analysts’ expectations of $8.29 billion. Netflix had a return on equity of 19.76% and a net margin of 13.22%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.20 EPS. As a group, equities analysts anticipate that Netflix, Inc. will post 11.92 EPS for the current fiscal year.

Institutional Investors Weigh In On Netflix

A number of institutional investors and hedge funds have recently modified their holdings of the company. Baldrige Asset Management LLC lifted its stake in Netflix by 156.3% in the 1st quarter. Baldrige Asset Management LLC now owns 82 shares of the Internet television network’s stock valued at $28,000 after buying an additional 50 shares in the last quarter. Tanglewood Legacy Advisors LLC purchased a new stake in Netflix in the 4th quarter valued at approximately $29,000. Barrett & Company Inc. purchased a new stake in Netflix in the 1st quarter valued at approximately $29,000. Manchester Capital Management LLC lifted its stake in Netflix by 8,700.0% in the 1st quarter. Manchester Capital Management LLC now owns 88 shares of the Internet television network’s stock valued at $30,000 after buying an additional 87 shares in the last quarter. Finally, Retirement Group LLC lifted its stake in Netflix by 52.6% in the 1st quarter. Retirement Group LLC now owns 87 shares of the Internet television network’s stock valued at $30,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 79.95% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on NFLX shares. KeyCorp reaffirmed a “sector weight” rating on shares of Netflix in a report on Thursday, July 20th. Wolfe Research boosted their target price on Netflix from $485.00 to $500.00 in a report on Thursday, July 20th. Morgan Stanley reissued an “equal weight” rating and issued a $450.00 target price on shares of Netflix in a report on Thursday, July 20th. The Goldman Sachs Group raised Netflix from a “sell” rating to a “neutral” rating and boosted their target price for the company from $230.00 to $400.00 in a report on Wednesday, July 5th. Finally, StockNews.com began coverage on Netflix in a report on Thursday, August 17th. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $432.91.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.