Jay C. Hoag Sells 617 Shares of Netflix, Inc. (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) Director Jay C. Hoag sold 617 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Netflix Stock Down 0.7 %

NFLX opened at $977.59 on Friday. The business has a 50 day moving average price of $895.13 and a two-hundred day moving average price of $766.98. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market cap of $417.88 billion, a PE ratio of 49.30, a P/E/G ratio of 1.53 and a beta of 1.27. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $999.00.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10,141,900 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.11 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 23.72 EPS for the current year.

Hedge Funds Weigh In On Netflix

A number of large investors have recently modified their holdings of the business. Ameriprise Financial Inc. boosted its holdings in shares of Netflix by 5.4% during the second quarter. Ameriprise Financial Inc. now owns 1,120,690 shares of the Internet television network’s stock worth $756,945,000 after purchasing an additional 57,567 shares during the last quarter. Employees Retirement System of Texas boosted its holdings in shares of Netflix by 2.2% during the second quarter. Employees Retirement System of Texas now owns 141,527 shares of the Internet television network’s stock worth $95,514,000 after purchasing an additional 3,062 shares during the last quarter. DigitalBridge Group Inc. boosted its holdings in shares of Netflix by 35.5% during the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after purchasing an additional 9,451 shares during the last quarter. Decatur Capital Management Inc. boosted its holdings in shares of Netflix by 2.5% during the second quarter. Decatur Capital Management Inc. now owns 4,895 shares of the Internet television network’s stock worth $3,304,000 after purchasing an additional 120 shares during the last quarter. Finally, DE Burlo Group Inc. acquired a new stake in shares of Netflix during the second quarter worth $220,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NFLX has been the subject of several analyst reports. Piper Sandler reissued an “overweight” rating and set a $1,100.00 target price (up from $950.00) on shares of Netflix in a research note on Wednesday. StockNews.com cut Netflix from a “buy” rating to a “hold” rating in a research note on Thursday. Barclays raised Netflix from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $715.00 to $900.00 in a research note on Wednesday. Guggenheim boosted their target price on Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Bank of America boosted their target price on Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Wednesday. Nine analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

About Netflix

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.