Theodore A. Sarandos Sells 1,278 Shares of Netflix, Inc. (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) CEO Theodore A. Sarandos sold 1,278 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total transaction of $980,289.90. Following the completion of the transaction, the chief executive officer now directly owns 2,556 shares in the company, valued at $1,960,579.80. 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 is accessible through this hyperlink.

Netflix Price Performance

NFLX stock opened at $796.54 on Friday. Netflix, Inc. has a 1 year low of $433.68 and a 1 year high of $798.22. The firm has a market capitalization of $340.49 billion, a P/E ratio of 45.08, a P/E/G ratio of 1.46 and a beta of 1.25. 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 business’s 50-day moving average is $717.59 and its two-hundred day moving average is $667.98.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NFLX. China Renaissance started coverage on Netflix in a research report on Thursday, September 5th. They set a “hold” rating and a $680.00 price objective on the stock. Guggenheim boosted their price target on shares of Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Oppenheimer raised their price objective on shares of Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Canaccord Genuity Group lifted their target price on shares of Netflix from $750.00 to $760.00 and gave the stock a “hold” rating in a research note on Friday, October 18th. Finally, Benchmark reissued a “sell” rating and issued a $545.00 price target on shares of Netflix in a research note on Tuesday, October 15th. Two 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $748.15.

Institutional Trading of Netflix

Several hedge funds have recently added to or reduced their stakes in NFLX. Richardson Financial Services Inc. grew its stake in shares of Netflix by 3,580.0% during the first 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. acquired a new position in shares of Netflix during the 1st quarter worth about $281,000. Financial Council LLC purchased a new position in shares of Netflix in the 1st quarter valued at about $237,000. Advisory Alpha LLC raised its position in shares of Netflix by 5.7% during the 1st 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 lifted its stake in Netflix by 39.4% during the first 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.

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.