Netflix, Inc. (NASDAQ:NFLX) Director Timothy M. Haley Sells 11,090 Shares

Netflix, Inc. (NASDAQ:NFLX) Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Netflix Stock Up 2.1 %

Shares of NASDAQ NFLX opened at $780.21 on Thursday. The company has a market capitalization of $333.51 billion, a P/E ratio of 44.15, a P/E/G ratio of 1.46 and a beta of 1.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The company has a 50 day simple moving average of $717.59 and a 200-day simple moving average of $667.98. Netflix, Inc. has a 1 year low of $431.00 and a 1 year high of $781.49.

Institutional Trading of Netflix

Institutional investors have recently added to or reduced their stakes in the stock. DigitalBridge Group Inc. raised its holdings in shares of Netflix by 35.5% in the 2nd quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after buying an additional 9,451 shares during the period. M&G Plc acquired a new position in Netflix in the 1st quarter valued at about $9,682,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Netflix by 58.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock valued at $55,968,000 after purchasing an additional 30,511 shares during the period. Forsta AP Fonden lifted its stake in Netflix by 7.7% during the third quarter. Forsta AP Fonden now owns 121,400 shares of the Internet television network’s stock worth $86,105,000 after purchasing an additional 8,700 shares during the last quarter. Finally, Koshinski Asset Management Inc. acquired a new position in Netflix in the first quarter valued at approximately $1,304,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Macquarie reaffirmed an “outperform” rating and issued a $795.00 price objective on shares of Netflix in a research report on Friday, October 18th. China Renaissance began coverage on Netflix in a research note on Thursday, September 5th. They set a “hold” rating and a $680.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, October 18th. BMO Capital Markets reaffirmed an “outperform” rating and set a $825.00 target price (up previously from $770.00) on shares of Netflix in a report on Friday, October 18th. Finally, Needham & Company LLC increased their price target on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus price target of $748.15.

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.