Timothy M. Haley Sells 647 Shares of Netflix, Inc. (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) Director Timothy M. Haley sold 647 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $800.19, for a total transaction of $517,722.93. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Timothy M. Haley also recently made the following trade(s):

• On Tuesday, November 5th, Timothy M. Haley sold 11,090 shares of Netflix stock. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded up $14.06 during midday trading on Tuesday, reaching $819.50. 2,809,872 shares of the company traded hands, compared to its average volume of 3,666,161. Netflix, Inc. has a 12 month low of $442.60 and a 12 month high of $820.37. The firm has a market capitalization of $350.30 billion, a price-to-earnings ratio of 45.99, a price-to-earnings-growth ratio of 1.53 and a beta of 1.25. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm’s fifty day moving average price is $723.63 and its two-hundred day moving average price is $673.70.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. On average, equities analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NFLX shares. Guggenheim lifted their price objective on Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. KeyCorp lifted their price target on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. BMO Capital Markets reissued an “outperform” rating and set a $825.00 price objective (up previously from $770.00) on shares of Netflix in a report on Friday, October 18th. Wolfe Research reiterated an “outperform” rating on shares of Netflix in a research report on Friday, October 18th. Finally, Oppenheimer boosted 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. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $748.15.

Institutional Trading of Netflix

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Netflix by 0.4% in the first quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock worth $22,220,936,000 after acquiring an additional 149,341 shares in the last quarter. Jennison Associates LLC lifted its stake in Netflix by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after buying an additional 316,594 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after purchasing an additional 5,748,200 shares in the last quarter. Baillie Gifford & Co. boosted its position in Netflix by 2.3% during the second quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock worth $3,213,825,000 after acquiring an additional 106,756 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Netflix by 3.1% during the second quarter. Legal & General Group Plc now owns 3,449,114 shares of the Internet television network’s stock worth $2,327,738,000 after buying an additional 104,332 shares during the last quarter. Institutional investors 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.