Netflix, Inc. (NASDAQ:NFLX) Director Sells $4,307,688.00 in Stock

Netflix, Inc. (NASDAQ:NFLX) Director Richard N. Barton sold 5,698 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the transaction, the director now directly owns 246 shares of the company’s stock, valued at $185,976. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Netflix Trading Down 0.8 %

NASDAQ:NFLX opened at $753.74 on Thursday. The business’s 50-day moving average is $710.23 and its two-hundred day moving average is $662.33. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a 12 month low of $404.63 and a 12 month high of $773.00. The firm has a market capitalization of $322.19 billion, a PE ratio of 42.66, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26.

Analyst Upgrades and Downgrades

NFLX has been the subject of several analyst reports. Bank of America boosted their target price on Netflix from $740.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Wells Fargo & Company lifted their price target on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Pivotal Research upped their target price on Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Loop Capital upped their target price on Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Two research 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $748.15.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Denver PWM LLC purchased a new stake in shares of Netflix during the second quarter worth about $25,000. Proffitt & Goodson Inc. increased its holdings in Netflix by 380.0% in the second 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 during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its holdings in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares during the last quarter. AlphaMark Advisors LLC increased its holdings in Netflix by 642.9% in the second 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 during the last quarter. Finally, Triad Wealth Partners LLC bought a new stake in Netflix in the second quarter valued at about $38,000. 80.93% of the stock is owned by hedge funds and other 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.