Traders Sell Shares of Netflix (NFLX) on Strength on Insider Selling

Traders sold shares of Netflix, Inc. (NASDAQ:NFLX) on strength during trading on Friday following insider selling activity. $160.02 million flowed into the stock on the tick-up and $223.81 million flowed out of the stock on the tick-down, for a money net flow of $63.79 million out of the stock. Of all stocks tracked, Netflix had the 20th highest net out-flow for the day. Netflix traded up $1.32 for the day and closed at $189.94Specifically, Director Ann Mather sold 3,885 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $200.00, for a total value of $777,000.00. Following the completion of the sale, the director now directly owns 1,015 shares in the company, valued at approximately $203,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Reed Hastings sold 91,861 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $189.03, for a total value of $17,364,484.83. Following the completion of the sale, the chief executive officer now owns 91,861 shares of the company’s stock, valued at $17,364,484.83. The disclosure for this sale can be found here. Insiders sold a total of 341,379 shares of company stock valued at $66,175,098 over the last quarter. Company insiders own 4.90% of the company’s stock.

NFLX has been the subject of a number of analyst reports. KeyCorp restated a “buy” rating and set a $190.00 price objective on shares of Netflix in a research report on Friday, August 25th. Sanford C. Bernstein set a $203.00 price objective on Netflix and gave the company a “buy” rating in a research report on Wednesday, August 30th. Vetr lowered Netflix from a “hold” rating to a “sell” rating and set a $165.09 price objective for the company. in a research report on Wednesday, August 30th. Robert W. Baird restated a “hold” rating and set a $175.00 price objective on shares of Netflix in a research report on Friday, September 1st. Finally, SunTrust Banks restated a “hold” rating and set a $175.00 price objective on shares of Netflix in a research report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $209.60.

The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $81,708.29, a P/E ratio of 191.86, a P/E/G ratio of 5.61 and a beta of 1.33.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the prior year, the firm posted $0.12 EPS. The firm’s quarterly revenue was up 30.3% on a year-over-year basis. analysts forecast that Netflix, Inc. will post 1.26 EPS for the current year.

Institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new stake in shares of Netflix during the second quarter worth $1,045,000. Lincoln National Corp raised its position in Netflix by 7.0% during the third quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock valued at $742,000 after buying an additional 268 shares during the period. Calamos Advisors LLC raised its position in Netflix by 198.5% during the second quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock valued at $31,218,000 after buying an additional 138,945 shares during the period. Alps Advisors Inc. acquired a new position in Netflix during the second quarter valued at $262,000. Finally, BB&T Corp raised its position in Netflix by 20.0% during the third quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock valued at $700,000 after buying an additional 642 shares during the period. 83.27% of the stock is currently owned by institutional investors.

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About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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