Netflix (NASDAQ:NFLX) Stock Price Down 0.7% After Insider Selling

Netflix, Inc. (NASDAQ:NFLX) shares fell 0.7% on Tuesday following insider selling activity. The company traded as low as $763.13 and last traded at $766.72. 869,119 shares changed hands during trading, a decline of 77% from the average session volume of 3,720,866 shares. The stock had previously closed at $772.07.

Specifically, CEO Gregory K. Peters sold 4,186 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,817,500. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the transaction, the director now directly owns 35,262 shares of the company’s stock, valued at $26,975,430. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on shares of Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday. TD Cowen raised their price target on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday. UBS Group lifted their price objective on Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a report on Friday. Macquarie reissued an “outperform” rating and issued a $795.00 target price on shares of Netflix in a report on Friday. Finally, Barclays reiterated an “underweight” rating and issued a $550.00 price target on shares of Netflix in a research report on Friday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average target price of $747.70.

Netflix Trading Down 0.6 %

The business’s 50-day moving average is $699.16 and its two-hundred day moving average is $656.21. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $330.72 billion, a P/E ratio of 53.21, a P/E/G ratio of 1.49 and a beta of 1.26.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Denver PWM LLC bought a new stake in Netflix during the second quarter worth $25,000. Valued Wealth Advisors LLC increased its position in Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after buying an additional 20 shares during the last quarter. Proffitt & Goodson Inc. raised its stake in Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after buying an additional 38 shares during the period. AlphaMark Advisors LLC lifted its position in shares of Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after buying an additional 45 shares during the last quarter. Finally, Indiana Trust & Investment Management CO increased its holdings in shares of Netflix by 112.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 28 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

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.