Netflix (NASDAQ:NFLX) Shares Down 0.2% After Insider Selling

Netflix, Inc. (NASDAQ:NFLX) was down 0.2% on Monday after an insider sold shares in the company. The company traded as low as $689.46 and last traded at $695.81. Approximately 516,721 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 3,738,924 shares. The stock had previously closed at $697.06.

Specifically, Director Jay C. Hoag sold 43,750 shares of Netflix stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $687.07, for a total value of $30,059,312.50. Following the completion of the sale, the director now directly owns 95,040 shares of the company’s stock, valued at $65,299,132.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NFLX shares. Oppenheimer reaffirmed an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a research note on Tuesday, July 30th. Morgan Stanley boosted their target price on Netflix from $700.00 to $780.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Benchmark boosted their target price on Netflix from $450.00 to $545.00 and gave the stock a “sell” rating in a research note on Tuesday, July 16th. KeyCorp boosted their target price on Netflix from $707.00 to $735.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Finally, Loop Capital boosted their target price on Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $685.29.

Netflix Price Performance

The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The company has a 50-day simple moving average of $660.22 and a 200-day simple moving average of $638.54. The company has a market cap of $300.19 billion, a price-to-earnings ratio of 48.33, a PEG ratio of 1.40 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The business had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.29 EPS. As a group, research analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current year.

Institutional Investors Weigh In On Netflix

Institutional investors and hedge funds have recently bought and sold shares of the stock. M&G Plc purchased a new stake in Netflix in the 1st quarter valued at approximately $9,682,000. BSN CAPITAL PARTNERS Ltd lifted its stake in Netflix by 24.4% in the 1st quarter. BSN CAPITAL PARTNERS Ltd now owns 250,000 shares of the Internet television network’s stock valued at $155,185,000 after buying an additional 49,000 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in Netflix in the 4th quarter valued at approximately $9,513,000. Scotia Capital Inc. lifted its stake in Netflix by 9.1% in the 4th quarter. Scotia Capital Inc. now owns 25,351 shares of the Internet television network’s stock valued at $12,343,000 after buying an additional 2,110 shares in the last quarter. Finally, Focus Financial Network Inc. ADV purchased a new stake in Netflix in the 4th quarter valued at approximately $3,700,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

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.