David A. Hyman Sells 268 Shares of Netflix, Inc. (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) insider David A. Hyman sold 268 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $593.62, for a total value of $159,090.16. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $18,764,328.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Netflix Trading Up 1.5 %

NASDAQ:NFLX opened at $606.00 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The company has a fifty day moving average of $602.85 and a 200 day moving average of $531.62. The firm has a market capitalization of $261.16 billion, a P/E ratio of 42.05, a P/E/G ratio of 1.40 and a beta of 1.23. Netflix, Inc. has a 52 week low of $322.03 and a 52 week high of $639.00.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.77. The business had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.88 earnings per share. On average, research analysts predict that Netflix, Inc. will post 18.3 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Verdence Capital Advisors LLC boosted its position in shares of Netflix by 12.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 1,246 shares of the Internet television network’s stock worth $470,000 after purchasing an additional 136 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Netflix by 0.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 90,655 shares of the Internet television network’s stock valued at $34,231,000 after acquiring an additional 567 shares during the last quarter. GPS Wealth Strategies Group LLC raised its stake in Netflix by 29.6% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 1,669 shares of the Internet television network’s stock valued at $630,000 after buying an additional 381 shares during the last quarter. Brighton Jones LLC lifted its holdings in Netflix by 5.0% in the third quarter. Brighton Jones LLC now owns 9,926 shares of the Internet television network’s stock valued at $3,748,000 after acquiring an additional 473 shares during the period. Finally, Calamos Wealth Management LLC raised its position in Netflix by 435.2% in the third quarter. Calamos Wealth Management LLC now owns 16,822 shares of the Internet television network’s stock worth $6,352,000 after acquiring an additional 13,679 shares during the period. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the topic of a number of recent analyst reports. DZ Bank upgraded Netflix from a “hold” rating to a “buy” rating and set a $600.00 target price on the stock in a research note on Thursday, January 25th. JPMorgan Chase & Co. increased their price target on Netflix from $610.00 to $650.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Piper Sandler lifted their target price on shares of Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. BMO Capital Markets restated an “outperform” rating and set a $713.00 target price (up previously from $638.00) on shares of Netflix in a research report on Wednesday, April 17th. Finally, Macquarie raised their price objective on shares of Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus price target of $631.15.

About Netflix

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.