Netflix (NFLX) Shares Gap Down After Insider Selling

Netflix, Inc. (NASDAQ:NFLX) shares gapped down before the market opened on Tuesday following insider selling activity. The stock had previously closed at $280.60, but opened at $278.80. Netflix shares last traded at $278.80, with a volume of 12062153 shares trading hands.

Specifically, Director Richard N. Barton sold 700 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $197.38, for a total transaction of $138,166.00. Following the transaction, the director now owns 7,362 shares of the company’s stock, valued at approximately $1,453,111.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan Friedland sold 2,743 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $205.59, for a total transaction of $563,933.37. Following the transaction, the insider now directly owns 1,147 shares in the company, valued at approximately $235,811.73. The disclosure for this sale can be found here. Insiders have sold a total of 290,759 shares of company stock worth $60,223,500 in the last three months. Insiders own 4.90% of the company’s stock.

A number of research firms have recently issued reports on NFLX. B. Riley reissued a “neutral” rating on shares of Netflix in a research report on Wednesday, November 1st. Wedbush reissued a “hold” rating and set a $190.00 price objective (up previously from $180.00) on shares of Netflix in a research report on Wednesday, October 18th. Credit Suisse Group reissued a “neutral” rating and set a $266.00 price objective (up previously from $224.00) on shares of Netflix in a research report on Tuesday, January 23rd. William Blair reaffirmed an “outperform” rating on shares of Netflix in a research report on Tuesday, January 23rd. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $205.00 price target on shares of Netflix in a research report on Thursday, October 5th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirty-five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $236.86.

The company has a quick ratio of 1.20, a current ratio of 1.40 and a debt-to-equity ratio of 1.81. The stock has a market cap of $120,650.00, a P/E ratio of 223.04, a price-to-earnings-growth ratio of 3.85 and a beta of 1.34.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, hitting the consensus estimate of $0.41. The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The firm’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 earnings per share. equities analysts predict that Netflix, Inc. will post 2.67 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. Lyell Wealth Management LP bought a new stake in Netflix in the fourth quarter worth $376,000. Lucas Capital Management bought a new stake in Netflix in the fourth quarter worth $230,000. FinTrust Investment Advisory Services LLC bought a new stake in Netflix in the fourth quarter worth $209,000. LMR Partners LLP lifted its stake in Netflix by 57.1% in the fourth quarter. LMR Partners LLP now owns 7,639 shares of the Internet television network’s stock worth $1,466,000 after purchasing an additional 2,775 shares during the last quarter. Finally, Elite Wealth Management Inc. bought a new stake in Netflix in the fourth quarter worth $897,000. 83.30% of the stock is owned by institutional investors and hedge funds.

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Netflix Company Profile

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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