Traders Sell Shares of Netflix (NFLX) on Strength After Insider Selling

Investors sold shares of Netflix, Inc. (NASDAQ:NFLX) on strength during trading on Friday following insider selling activity. $696.27 million flowed into the stock on the tick-up and $707.54 million flowed out of the stock on the tick-down, for a money net flow of $11.27 million out of the stock. Of all equities tracked, Netflix had the 16th highest net out-flow for the day. Netflix traded up $2.36 for the day and closed at $267.43Specifically, Director Richard N. Barton sold 350 shares of the stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $185.71, for a total transaction of $64,998.50. Following the transaction, the director now directly owns 7,171 shares in the company, valued at approximately $1,331,726.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Leslie J. Kilgore sold 630 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $279.00, for a total transaction of $175,770.00. Following the transaction, the director now owns 35,826 shares in the company, valued at $9,995,454. The disclosure for this sale can be found here. Insiders sold 301,323 shares of company stock valued at $63,098,454 over the last 90 days. Insiders own 4.90% of the company’s stock.

A number of research analysts have commented on NFLX shares. Loop Capital increased their price objective on shares of Netflix from $228.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, October 17th. Morgan Stanley reiterated an “overweight” rating and set a $255.00 price objective (up from $235.00) on shares of Netflix in a research note on Thursday, January 18th. Royal Bank of Canada reiterated an “outperform” rating and set a $210.00 price objective on shares of Netflix in a research note on Friday, October 6th. Canaccord Genuity reiterated a “buy” rating and set a $280.00 price objective (up from $225.00) on shares of Netflix in a research note on Tuesday, January 23rd. Finally, Buckingham Research reiterated a “buy” rating and set a $214.00 price objective on shares of Netflix in a research note on Monday, October 9th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $236.86.

The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.20. The firm has a market capitalization of $115,730.00, a price-to-earnings ratio of 213.94, a price-to-earnings-growth ratio of 3.79 and a beta of 1.04.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.41. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The business had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter last year, the company earned $0.15 EPS. The company’s revenue for the quarter was up 32.6% compared to the same quarter last year. equities research analysts forecast that Netflix, Inc. will post 2.68 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC increased its stake in Netflix by 3,478.1% during the 2nd quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock valued at $305,014,000 after buying an additional 1,984,404 shares during the period. SG Americas Securities LLC increased its stake in Netflix by 103.9% during the 4th quarter. SG Americas Securities LLC now owns 25,426 shares of the Internet television network’s stock valued at $4,881,000 after buying an additional 675,267 shares during the period. Truepoint Inc. increased its stake in Netflix by 18,035.0% during the 3rd quarter. Truepoint Inc. now owns 402,416 shares of the Internet television network’s stock valued at $402,000 after buying an additional 400,197 shares during the period. AGF Investments Inc. acquired a new position in Netflix during the 3rd quarter valued at about $60,036,000. Finally, American Century Companies Inc. increased its stake in Netflix by 26.9% during the 3rd quarter. American Century Companies Inc. now owns 1,427,160 shares of the Internet television network’s stock valued at $258,815,000 after buying an additional 302,857 shares during the period. 83.30% of the stock is currently 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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