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

Netflix, Inc. (NASDAQ:NFLX) insider David A. Hyman sold 267 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Netflix Stock Up 2.1 %

NASDAQ:NFLX traded up $16.30 on Wednesday, hitting $780.21. 3,687,755 shares of the company’s stock traded hands, compared to its average volume of 3,890,906. The firm has a 50-day moving average price of $717.59 and a 200-day moving average price of $667.98. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The company has a market cap of $333.51 billion, a PE ratio of 44.15, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. Netflix, Inc. has a 1 year low of $431.00 and a 1 year high of $781.49.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Richardson Financial Services Inc. raised its stake in shares of Netflix by 3,580.0% during the 1st quarter. Richardson Financial Services Inc. now owns 184 shares of the Internet television network’s stock worth $112,000 after purchasing an additional 179 shares in the last quarter. Cohen Capital Management Inc. bought a new position in Netflix during the first quarter valued at approximately $281,000. Financial Council LLC acquired a new stake in Netflix in the first quarter valued at approximately $237,000. Advisory Alpha LLC grew its position in Netflix by 5.7% in the first quarter. Advisory Alpha LLC now owns 1,564 shares of the Internet television network’s stock worth $950,000 after acquiring an additional 85 shares in the last quarter. Finally, Manchester Capital Management LLC increased its stake in shares of Netflix by 39.4% during the 1st quarter. Manchester Capital Management LLC now owns 478 shares of the Internet television network’s stock worth $290,000 after purchasing an additional 135 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

NFLX has been the subject of several analyst reports. Morgan Stanley boosted their price objective on Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. KeyCorp lifted their price objective on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. TD Cowen increased their target price on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, BMO Capital Markets restated an “outperform” rating and set a $825.00 price target (up from $770.00) on shares of Netflix in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $748.15.

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.