David A. Hyman Sells 41,121 Shares of Netflix, Inc. (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) insider David A. Hyman sold 41,121 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $30,946,506.10. This trade represents a 56.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Netflix Price Performance

NFLX stock opened at $994.87 on Wednesday. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,008.00. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average price of $906.93 and a 200 day moving average price of $781.90. The stock has a market cap of $425.57 billion, a PE ratio of 50.17, a P/E/G ratio of 2.02 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the business posted $2.11 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several recent analyst reports. Evercore ISI upped their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group increased their price target on shares of Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Piper Sandler reissued an “overweight” rating and issued a $1,100.00 price target (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Macquarie increased their price target on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Robert W. Baird increased their price target on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Institutional Investors Weigh In On Netflix

Large investors have recently modified their holdings of the business. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix in the 3rd quarter valued at about $25,000. Pathway Financial Advisers LLC raised its stake in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 14 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares in the last quarter. Newton One Investments LLC purchased a new stake in Netflix during the 4th quarter worth approximately $34,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in Netflix during the 3rd quarter worth approximately $37,000. Institutional investors own 80.93% of the company’s stock.

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.