David A. Hyman Sells 424 Shares of Netflix, Inc. (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) insider David A. Hyman sold 424 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $994.63, for a total value of $421,723.12. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $31,440,254.30. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Netflix Stock Up 0.5 %

Shares of NFLX opened at $1,015.68 on Friday. The firm has a market cap of $434.47 billion, a P/E ratio of 51.22, a P/E/G ratio of 2.02 and a beta of 1.27. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,016.35. The stock has a 50 day simple moving average of $912.05 and a two-hundred day simple moving average of $786.03. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.11 EPS. On average, analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. KeyCorp lifted their price objective on Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Loop Capital lifted their target price on shares of Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Oppenheimer upped their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Pivotal Research raised their price objective on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, UBS Group boosted their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. AMF Tjanstepension AB increased its stake in Netflix by 7.4% in the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock worth $48,557,000 after purchasing an additional 4,701 shares during the period. Czech National Bank grew its holdings in shares of Netflix by 6.5% in the third quarter. Czech National Bank now owns 87,425 shares of the Internet television network’s stock worth $62,008,000 after purchasing an additional 5,312 shares during the last quarter. Smith Anglin Financial LLC increased its stake in shares of Netflix by 28.4% in the third quarter. Smith Anglin Financial LLC now owns 457 shares of the Internet television network’s stock worth $324,000 after buying an additional 101 shares during the period. City Center Advisors LLC raised its holdings in Netflix by 6.0% during the 3rd quarter. City Center Advisors LLC now owns 845 shares of the Internet television network’s stock valued at $599,000 after buying an additional 48 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in Netflix by 15.3% during the 3rd quarter. Versant Capital Management Inc now owns 468 shares of the Internet television network’s stock valued at $332,000 after buying an additional 62 shares during the period. 80.93% of the stock is owned by institutional investors.

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.