David A. Hyman Sells 267 Shares of Netflix, Inc. (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Netflix Trading Down 0.2 %

NASDAQ NFLX opened at $795.04 on Friday. The company has a 50-day moving average of $721.55 and a 200-day moving average of $670.54. 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 $434.35 and a 12 month high of $799.06. The company has a market cap of $339.85 billion, a P/E ratio of 44.99, a P/E/G ratio of 1.50 and a beta of 1.25.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of analyst reports. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. Oppenheimer upped their price target on shares of Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Sanford C. Bernstein increased their price target on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Piper Sandler reissued an “overweight” rating and set a $840.00 price objective (up previously from $800.00) on shares of Netflix in a report on Friday, October 18th. Finally, TD Cowen increased 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. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $748.15.

Hedge Funds Weigh In On Netflix

Institutional investors and hedge funds have recently bought and sold shares of the stock. Denver PWM LLC purchased a new stake in shares of Netflix during the 2nd quarter valued at $25,000. Proffitt & Goodson Inc. boosted 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 acquiring an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position in Netflix by 700.0% during 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 acquiring an additional 42 shares during the period. AlphaMark Advisors LLC increased its stake in Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after acquiring an additional 45 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of Netflix in the 3rd quarter worth about $37,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

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.