Netflix (NASDAQ:NFLX) Shares Down 0.5% After Insider Selling

Netflix, Inc. (NASDAQ:NFLX)’s share price was down 0.5% on Monday following insider selling activity. The company traded as low as $757.50 and last traded at $759.97. Approximately 1,805,547 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 3,713,984 shares. The stock had previously closed at $763.89.

Specifically, CEO Gregory K. Peters sold 4,186 shares of the firm’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 sale, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,817,500. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the sale, the director now owns 35,262 shares in the company, valued at approximately $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

Several analysts recently commented on NFLX shares. Guggenheim raised their price target on shares of Netflix from $735.00 to $810.00 and gave the company a “buy” rating in a research report on Friday, October 11th. KeyCorp lifted their target price on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Pivotal Research lifted their target price on shares of Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Argus lifted their target price on shares of Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $747.70.

Netflix Stock Down 2.0 %

The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The company has a market cap of $322.94 billion, a price-to-earnings ratio of 52.73, a PEG ratio of 1.49 and a beta of 1.26. The firm’s fifty day simple moving average is $701.48 and its 200 day simple moving average is $657.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NFLX. Denver PWM LLC acquired a new position in shares of Netflix in the 2nd quarter valued at $25,000. Valued Wealth Advisors LLC boosted its holdings in shares of Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after buying an additional 20 shares in the last quarter. Proffitt & Goodson Inc. boosted its holdings in shares of Netflix by 380.0% in the 2nd 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 in the last quarter. AlphaMark Advisors LLC boosted its holdings in shares of Netflix by 642.9% in the 2nd 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 in the last quarter. Finally, Indiana Trust & Investment Management CO boosted its holdings in shares of Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after buying an additional 28 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

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.