Netflix (NASDAQ:NFLX) Shares Down 1.6% on Insider Selling

Netflix, Inc. (NASDAQ:NFLX - Get Free Report)'s stock price traded down 1.6% during trading on Tuesday following insider selling activity. The company traded as low as $1,009.80 and last traded at $1,010.89. 1,126,179 shares were traded during trading, a decline of 73% from the average session volume of 4,246,150 shares. The stock had previously closed at $1,027.60.

Specifically, CEO Gregory K. Peters sold 4,939 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the sale, the chief executive officer now directly owns 12,950 shares of the company's stock, valued at $13,338,500. This represents a 27.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 4,434 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $1,015.00, for a total transaction of $4,500,510.00. Following the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $13,144,250. The trade was a 25.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In other Netflix news, Director Strive Masiyiwa sold 2,813 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total value of $2,835,138.31. The sale was disclosed in a filing with the SEC, which is available through this link.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. StockNews.com downgraded shares of Netflix from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Morgan Stanley increased their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. Piper Sandler restated an "overweight" rating and issued a $1,100.00 target price (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. TD Cowen upped their target price on shares of Netflix from $820.00 to $835.00 and gave the company a "buy" rating in a report on Friday, October 18th. Finally, Canaccord Genuity Group upgraded shares of Netflix from a "hold" rating to a "buy" rating and upped their target price for the company from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,021.70.

Netflix Price Performance

The stock's fifty day moving average price is $926.92 and its 200-day moving average price is $801.02. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $452.83 billion, a PE ratio of 53.38, a P/E/G ratio of 2.11 and a beta of 1.27.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the firm posted $2.11 EPS. The business's revenue was up 16.0% compared to the same quarter last year. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Netflix

Hedge funds have recently added to or reduced their stakes in the business. West Michigan Advisors LLC raised its holdings in Netflix by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after acquiring an additional 10 shares in the last quarter. Warwick Investment Management Inc. raised its holdings in Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after acquiring an additional 10 shares in the last quarter. MRP Capital Investments LLC raised its holdings in Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after acquiring an additional 10 shares in the last quarter. Bedell Frazier Investment Counselling LLC raised its holdings in Netflix by 2.2% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after acquiring an additional 10 shares in the last quarter. Finally, Mission Creek Capital Partners Inc. raised its holdings in Netflix by 0.3% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after acquiring an additional 10 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

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.