Traders #Sell Netflix (NFLX) on #Strength After #Insider #Selling

Traders sold shares of Netflix, Inc. (NASDAQ:NFLX) on strength during trading hours on Friday following insider selling activity. $696.27 million flowed into the stock on the tick-up and $707.54 million flowed out of the stock on the tick-down, for a money net flow of $11.27 million out of the stock. Of all equities tracked, Netflix had the 0th highest net out-flow for the day. Netflix traded up $2.36 for the day and closed at $267.43Specifically, Director Ann Mather sold 3,885 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $200.00, for a total value of $777,000.00. Following the sale, the director now directly owns 1,015 shares of the company’s stock, valued at $203,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jay C. Hoag sold 11,264 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $267.50, for a total transaction of $3,013,120.00. The disclosure for this sale can be found here. Insiders sold 301,323 shares of company stock worth $63,098,454 over the last three months. Corporate insiders own 4.90% of the company’s stock.

Several research firms recently issued reports on NFLX. MKM Partners raised their target price on shares of Netflix from $245.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. BidaskClub raised shares of Netflix from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. UBS Group set a $290.00 price target on shares of Netflix and gave the company a “buy” rating in a research report on Thursday, January 25th. Robert W. Baird lifted their price target on shares of Netflix from $190.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Finally, Jefferies Group set a $236.00 price target on shares of Netflix and gave the company a “neutral” rating in a research report on Tuesday, January 23rd. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the company. Netflix currently has an average rating of “Buy” and an average target price of $236.86.

The company has a quick ratio of 1.20, a current ratio of 1.40 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $116,760.00, a P/E ratio of 213.94, a PEG ratio of 3.70 and a beta of 1.04.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The business’s revenue was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 earnings per share. research analysts anticipate that Netflix, Inc. will post 2.69 earnings per share for the current year.

Several large investors have recently modified their holdings of the stock. Quadrant Capital Group LLC increased its stake in shares of Netflix by 0.6% in the second quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock worth $229,000 after buying an additional 10 shares during the last quarter. Kalos Management Inc. increased its stake in shares of Netflix by 0.7% in the second quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock worth $242,000 after buying an additional 12 shares during the last quarter. Laurel Wealth Advisors Inc. increased its stake in shares of Netflix by 1.6% in the second quarter. Laurel Wealth Advisors Inc. now owns 3,452 shares of the Internet television network’s stock worth $515,000 after buying an additional 53 shares during the last quarter. Sunbelt Securities Inc. increased its stake in shares of Netflix by 2.1% in the second quarter. Sunbelt Securities Inc. now owns 3,103 shares of the Internet television network’s stock worth $464,000 after buying an additional 65 shares during the last quarter. Finally, Linscomb & Williams Inc. increased its stake in shares of Netflix by 4.8% in the second quarter. Linscomb & Williams Inc. now owns 2,719 shares of the Internet television network’s stock worth $406,000 after buying an additional 125 shares during the last quarter. Institutional investors and hedge funds own 83.30% of the company’s stock.

Leave a Reply

Your email address will not be published. Required fields are marked *