Netflix, Inc. (NASDAQ:NFLX) Director Sells $517,722.93 in Stock

Netflix, Inc. (NASDAQ:NFLX) Director Timothy M. Haley sold 647 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $800.19, for a total value of $517,722.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Timothy M. Haley also recently made the following trade(s):

• On Tuesday, November 5th, Timothy M. Haley sold 11,090 shares of Netflix stock. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40.

Netflix Stock Performance

NASDAQ:NFLX opened at $837.26 on Friday. The stock has a 50-day simple moving average of $729.53 and a two-hundred day simple moving average of $676.61. Netflix, Inc. has a 52-week low of $445.73 and a 52-week high of $841.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $357.90 billion, a PE ratio of 47.38, a P/E/G ratio of 1.60 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Analysts forecast that Netflix, Inc. will post 19.78 EPS for the current year.

Institutional Trading of Netflix

Several hedge funds have recently bought and sold shares of the stock. DigitalBridge Group Inc. lifted its position in shares of Netflix by 35.5% in the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after acquiring an additional 9,451 shares in the last quarter. M&G Plc purchased a new position in shares of Netflix in the first quarter valued at about $9,682,000. Venturi Wealth Management LLC lifted its position in shares of Netflix by 27.5% in the third quarter. Venturi Wealth Management LLC now owns 3,077 shares of the Internet television network’s stock valued at $2,182,000 after acquiring an additional 664 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Netflix by 58.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock valued at $55,968,000 after acquiring an additional 30,511 shares in the last quarter. Finally, Forsta AP Fonden lifted its position in shares of Netflix by 7.7% in the third quarter. Forsta AP Fonden now owns 121,400 shares of the Internet television network’s stock valued at $86,105,000 after acquiring an additional 8,700 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on NFLX shares. UBS Group upped their price objective on Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a report on Friday, October 18th. Bank of America raised their price objective on Netflix from $740.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft raised their price objective on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Sanford C. Bernstein increased their target price on Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Finally, Pivotal Research increased their target price on Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.