Investors Sell Netflix, Inc. (NFLX) on Strength on Insider Selling

Investors sold shares of Netflix, Inc. (NASDAQ:NFLX) on strength during trading hours on Thursday after an insider sold shares in the company. $231.59 million flowed into the stock on the tick-up and $253.78 million flowed out of the stock on the tick-down, for a money net flow of $22.19 million out of the stock. Of all equities tracked, Netflix had the 0th highest net out-flow for the day. Netflix traded up $1.44 for the day and closed at $195.21Specifically, Director Leslie J. Kilgore sold 868 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $202.00, for a total transaction of $175,336.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard N. Barton sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $181.37, for a total value of $181,370.00. Following the sale, the director now owns 8,012 shares in the company, valued at $1,453,136.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 276,409 shares of company stock worth $50,072,727. Company insiders own 4.90% of the company’s stock.

Several analysts have recently weighed in on the company. Loop Capital restated a “buy” rating and set a $237.00 price target on shares of Netflix in a report on Thursday. Needham & Company LLC restated a “neutral” rating on shares of Netflix in a report on Thursday, October 19th. Vetr upgraded Netflix from a “hold” rating to a “buy” rating and set a $210.19 price target on the stock in a report on Thursday, October 19th. Wedbush restated a “hold” rating and set a $190.00 price target (up from $180.00) on shares of Netflix in a report on Wednesday, October 18th. Finally, Societe Generale set a $132.00 price target on Netflix and gave the stock a “sell” rating in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-three have issued a buy rating to the company’s stock. Netflix currently has an average rating of “Buy” and a consensus target price of $207.20.

The company’s 50-day moving average is $188.02 and its 200 day moving average is $168.64. The stock has a market cap of $86.28 billion, a PE ratio of 199.34 and a beta of 1.09.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. Netflix’s revenue was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.12 earnings per share. Equities research analysts anticipate that Netflix, Inc. will post $1.25 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of NFLX. FMR LLC lifted its position in shares of Netflix by 12.4% in the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after buying an additional 2,605,731 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Netflix by 3,478.1% in the second quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock worth $305,014,000 after buying an additional 1,984,404 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Netflix by 14.0% in the second quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock worth $2,208,891,000 after buying an additional 1,814,056 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Netflix by 22,622.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock worth $121,708,000 after buying an additional 811,007 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Netflix by 2.9% in the second quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock worth $4,176,049,000 after buying an additional 789,190 shares in the last quarter. Institutional investors own 80.97% of the company’s stock.

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About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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