Netflix (NASDAQ:NFLX) Stock Price Down 0.5% Following Insider Selling

Shares of Netflix, Inc. (NASDAQ:NFLX - Get Free Report) traded down 0.5% on Monday after an insider sold shares in the company. The stock traded as low as $965.00 and last traded at $972.77. 1,583,463 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 4,583,175 shares. The stock had previously closed at $977.59.

Specifically, Director Jay C. Hoag sold 617 shares of the company's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total transaction of $604,481.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Sanford C. Bernstein upgraded shares of Netflix from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $975.00 to $1,200.00 in a research report on Friday. BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,175.00 price objective (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Wells Fargo & Company boosted 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. Piper Sandler restated an "overweight" rating and issued a $1,100.00 price target (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Finally, Robert W. Baird lifted their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Nine equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,021.70.

Netflix Stock Down 0.6 %

The firm has a market cap of $415.44 billion, a PE ratio of 49.01, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. The company has a 50-day simple moving average of $895.13 and a 200-day simple moving average of $768.18. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data 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 return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $10,141,900 billion. During the same quarter in the previous year, the business earned $2.11 EPS. Netflix's revenue was up 16.0% compared to the same quarter last year. Analysts expect that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Enzi Wealth grew its stake in Netflix by 3.4% in the 4th quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock worth $316,000 after acquiring an additional 11 shares in the last quarter. TCI Wealth Advisors Inc. boosted its holdings in shares of Netflix by 1.6% in the fourth quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network's stock valued at $624,000 after purchasing an additional 11 shares during the period. Blossom Wealth Management grew its stake in Netflix by 0.9% in the fourth quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network's stock worth $1,112,000 after purchasing an additional 11 shares in the last quarter. Everett Harris & Co. CA increased its holdings in Netflix by 1.3% during the 4th quarter. Everett Harris & Co. CA now owns 870 shares of the Internet television network's stock worth $775,000 after purchasing an additional 11 shares during the period. Finally, Beacon Financial Advisory LLC raised its position in Netflix by 0.9% during the 4th quarter. Beacon Financial Advisory LLC now owns 1,285 shares of the Internet television network's stock valued at $1,145,000 after purchasing an additional 11 shares in the last quarter. 80.93% of the stock is currently 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.