Netflix, Inc. (NASDAQ:NFLX) Insider David A. Hyman Sells 267 Shares

Netflix, Inc. (NASDAQ:NFLX) insider David A. Hyman sold 267 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Netflix Trading Up 2.1 %

NASDAQ NFLX opened at $780.21 on Thursday. The business’s fifty day moving average is $717.59 and its 200-day moving average is $667.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $333.51 billion, a price-to-earnings ratio of 44.15, a PEG ratio of 1.46 and a beta of 1.25. Netflix, Inc. has a one year low of $431.00 and a one year high of $781.49.

Institutional Trading of Netflix

Several hedge funds have recently added to or reduced their stakes in NFLX. Adero Partners LLC increased its stake in shares of Netflix by 2.5% during the 3rd quarter. Adero Partners LLC now owns 860 shares of the Internet television network’s stock worth $610,000 after purchasing an additional 21 shares during the last quarter. Atlanta Consulting Group Advisors LLC increased its position in Netflix by 386.5% in the third quarter. Atlanta Consulting Group Advisors LLC now owns 2,306 shares of the Internet television network’s stock worth $1,636,000 after buying an additional 1,832 shares during the last quarter. Accredited Investors Inc. raised its stake in shares of Netflix by 11.4% in the third quarter. Accredited Investors Inc. now owns 946 shares of the Internet television network’s stock valued at $671,000 after buying an additional 97 shares during the period. WESPAC Advisors SoCal LLC lifted its position in shares of Netflix by 101.5% during the 3rd quarter. WESPAC Advisors SoCal LLC now owns 3,856 shares of the Internet television network’s stock valued at $2,735,000 after buying an additional 1,942 shares during the last quarter. Finally, Schneider Downs Wealth Management Advisors LP bought a new position in shares of Netflix during the 3rd quarter worth $480,000. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NFLX. KeyCorp boosted their price target on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. BMO Capital Markets restated an “outperform” rating and issued a $825.00 target price (up previously from $770.00) on shares of Netflix in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft increased their price target on Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. TD Cowen upped their target price on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Barclays reiterated an “underweight” rating and issued a $550.00 target price on shares of Netflix in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $748.15.

Netflix Company Profile

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.