Insider Selling: Netflix (NASDAQ:NFLX) Insider Sells $34,603,166.08 in Stock

Netflix, Inc. (NASDAQ:NFLX) insider David Hyman sold 31,462 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $1,099.84, for a total value of $34,603,166.08. Following the completion of the transaction, the insider owned 31,610 shares of the company’s stock, valued at approximately $34,765,942.40. This trade represents a 49.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Netflix Stock Up 0.6%

NFLX stock opened at $1,103.66 on Friday. The business has a 50 day moving average of $1,183.33 and a 200 day moving average of $1,197.63. The firm has a market cap of $467.66 billion, a PE ratio of 46.10, a price-to-earnings-growth ratio of 1.91 and a beta of 1.58. Netflix, Inc. has a twelve month low of $788.65 and a twelve month high of $1,341.15. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56.

Shares of Netflix are going to split on the morning of Monday, November 17th. The 10-1 split was announced on Thursday, October 30th. The newly minted shares will be issued to shareholders after the closing bell on Friday, November 14th.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). Netflix had a return on equity of 41.86% and a net margin of 24.05%.The firm had revenue of $11.51 billion during the quarter, compared to analysts’ expectations of $11.52 billion. During the same quarter in the previous year, the firm earned $5.40 earnings per share. Netflix’s revenue was up 17.2% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. On average, research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Netflix

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NFLX. Legacy Investment Solutions LLC bought a new stake in Netflix during the second quarter valued at about $31,000. Retirement Wealth Solutions LLC bought a new position in shares of Netflix in the third quarter worth about $28,000. Stephens Consulting LLC grew its position in shares of Netflix by 150.0% during the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock worth $33,000 after purchasing an additional 15 shares in the last quarter. Rossby Financial LCC bought a new stake in Netflix during the 2nd quarter valued at approximately $35,000. Finally, Steph & Co. lifted its holdings in Netflix by 188.9% in the 3rd quarter. Steph & Co. now owns 26 shares of the Internet television network’s stock worth $31,000 after purchasing an additional 17 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the topic of several recent analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a $1,525.00 price objective on shares of Netflix in a research report on Wednesday, October 22nd. Rosenblatt Securities raised their price target on shares of Netflix from $1,515.00 to $1,530.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Netflix in a research note on Wednesday, October 8th. Wells Fargo & Company lowered their price objective on shares of Netflix from $1,560.00 to $1,510.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 22nd. Finally, Wall Street Zen cut shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,340.22.

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.