Traders sold shares of Netflix, Inc. (NASDAQ:NFLX) on strength during trading on Thursday following insider selling activity. $780.16 million flowed into the stock on the tick-up and $866.34 million flowed out of the stock on the tick-down, for a money net flow of $86.18 million out of the stock. Of all stocks tracked, Netflix had the 0th highest net out-flow for the day. Netflix traded up $2.83 for the day and closed at $380.71Specifically, CEO Reed Hastings sold 99,883 shares of Netflix stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $368.25, for a total transaction of $36,781,914.75. Following the transaction, the chief executive officer now directly owns 99,883 shares of the company’s stock, valued at $36,781,914.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $385.05, for a total value of $385,050.00. Following the transaction, the chief financial officer now directly owns 1,000 shares in the company, valued at $385,050. The disclosure for this sale can be found here. Insiders have sold 420,778 shares of company stock worth $149,888,468 over the last three months. Corporate insiders own 4.29% of the company’s stock.

A number of research analysts recently issued reports on the company. UBS Group lowered Netflix from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $425.00 to $237.00 in a report on Wednesday, July 11th. Credit Suisse Group reaffirmed a “neutral” rating and set a $330.00 target price on shares of Netflix in a report on Thursday, June 21st. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $385.00 target price on shares of Netflix in a report on Wednesday, July 11th. Pivotal Research lifted their target price on Netflix from $420.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, June 21st. Finally, Nomura started coverage on Netflix in a report on Tuesday, July 10th. They set a “neutral” rating and a $370.00 target price on the stock. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirty-two have issued a buy rating to the stock. Netflix currently has an average rating of “Buy” and an average target price of $355.69.

The firm has a market cap of $160.87 billion, a PE ratio of 301.35, a PEG ratio of 4.61 and a beta of 0.90. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.86.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, July 16th. The Internet television network reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.05. The business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.94 billion. Netflix had a return on equity of 25.66% and a net margin of 7.13%. The firm’s revenue was up 40.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 EPS. equities research analysts expect that Netflix, Inc. will post 2.67 EPS for the current year.

Hedge funds have recently modified their holdings of the stock. Private Capital Group LLC raised its stake in shares of Netflix by 33.1% in the 2nd quarter. Private Capital Group LLC now owns 744 shares of the Internet television network’s stock valued at $291,000 after acquiring an additional 185 shares in the last quarter. Braun Bostich & Associates Inc. bought a new position in shares of Netflix in the 1st quarter valued at approximately $142,000. Morgan Stanley raised its stake in shares of Netflix by 1.6% in the 2nd quarter. Morgan Stanley now owns 2,364,657 shares of the Internet television network’s stock valued at $925,600,000 after acquiring an additional 37,425 shares in the last quarter. Mackay Shields LLC raised its stake in shares of Netflix by 3.0% in the 2nd quarter. Mackay Shields LLC now owns 169,338 shares of the Internet television network’s stock valued at $66,284,000 after acquiring an additional 4,917 shares in the last quarter. Finally, Iron Financial LLC bought a new position in shares of Netflix in the 2nd quarter valued at approximately $579,000. 73.72% of the stock is currently owned by institutional investors and hedge funds.

About Netflix (NASDAQ:NFLX)

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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