Netflix (NFLX) Shares Gap Down on Insider Selling

Shares of Netflix, Inc. (NASDAQ:NFLX) gapped down prior to trading on Monday after an insider sold shares in the company. The stock had previously closed at $246.52, but opened at $254.26. Netflix shares last traded at $254.26, with a volume of 11840000 shares.

Specifically, Director Richard N. Barton sold 350 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $185.71, for a total transaction of $64,998.50. Following the sale, the director now directly owns 7,171 shares of the company’s stock, valued at $1,331,726.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leslie J. Kilgore sold 630 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $279.00, for a total value of $175,770.00. Following the sale, the director now directly owns 35,826 shares in the company, valued at $9,995,454. The disclosure for this sale can be found here. In the last 90 days, insiders sold 301,323 shares of company stock valued at $63,098,454. Insiders own 4.90% of the company’s stock.

A number of equities research analysts have recently issued reports on NFLX shares. Bank of America boosted their target price on Netflix from $225.00 to $199.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. Macquarie raised Netflix from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $200.00 to $220.00 in a research report on Tuesday, January 2nd. Goldman Sachs Group set a $250.00 target price on Netflix and gave the stock a “buy” rating in a research report on Tuesday, November 28th. MKM Partners boosted their target price on Netflix from $245.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Finally, Zacks Investment Research raised Netflix from a “hold” rating to a “buy” rating and set a $219.00 target price on the stock in a research report on Monday, November 20th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the company. Netflix currently has an average rating of “Buy” and an average price target of $236.86.

The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $110,030.00, a PE ratio of 203.41, a price-to-earnings-growth ratio of 3.73 and a beta of 1.04.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.41. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The firm’s revenue was up 32.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.15 EPS. analysts expect that Netflix, Inc. will post 2.69 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new stake in shares of Netflix during the 2nd quarter worth about $1,045,000. Lincoln National Corp boosted its stake in shares of Netflix by 7.0% during the 3rd quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock worth $742,000 after acquiring an additional 268 shares in the last quarter. BB&T Corp boosted its stake in shares of Netflix by 20.0% during the 3rd quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock worth $700,000 after acquiring an additional 642 shares in the last quarter. Mizuho Securities USA LLC bought a new stake in shares of Netflix during the 3rd quarter worth about $9,793,000. Finally, AGF Investments Inc. bought a new stake in shares of Netflix during the 3rd quarter worth about $60,036,000. Institutional investors own 82.71% of the company’s stock.

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Netflix Company Profile

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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