Netflix (NASDAQ:NFLX) Trading Down 0.3% on Insider Selling

Netflix, Inc. (NASDAQ:NFLX)’s stock price dropped 0.3% during mid-day trading on Monday after an insider sold shares in the company. The stock traded as low as $749.94 and last traded at $752.05. Approximately 523,632 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 3,706,297 shares. The stock had previously closed at $754.68.

Specifically, Director Richard N. Barton sold 5,698 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the transaction, the director now owns 246 shares in the company, valued at $185,976. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. China Renaissance assumed coverage on Netflix in a research note on Thursday, September 5th. They set a “hold” rating and a $680.00 price target on the stock. The Goldman Sachs Group set a $750.00 price target on Netflix in a research note on Friday, October 18th. Citigroup raised their price target on Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Guggenheim raised their price target on Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Evercore ISI raised their price target on Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $748.15.

Netflix Stock Performance

The stock has a 50-day simple moving average of $709.10 and a 200 day simple moving average of $661.69. 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 company has a market capitalization of $324.63 billion, a PE ratio of 42.98, a P/E/G ratio of 1.45 and a beta of 1.26.

Institutional Trading of Netflix

A number of institutional investors have recently bought and sold shares of NFLX. International Assets Investment Management LLC boosted its position in Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after purchasing an additional 5,748,200 shares in the last quarter. GQG Partners LLC purchased a new stake in Netflix during the first quarter worth $1,450,476,000. Jennison Associates LLC boosted its position in Netflix by 17.0% during the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after purchasing an additional 929,193 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Netflix by 154.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after acquiring an additional 642,920 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. acquired a new position in shares of Netflix in the first quarter worth $372,293,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

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.