Netflix (NASDAQ:NFLX) Director Richard Barton Sells 2,160 Shares of Stock

Netflix, Inc. (NASDAQ:NFLX) Director Richard Barton sold 2,160 shares of Netflix stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $75.10, for a total value of $162,216.00. Following the completion of the transaction, the director owned 246 shares in the company, valued at approximately $18,474.60. This represents a 89.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Netflix Stock Down 0.7%

NFLX stock opened at $73.69 on Friday. The stock has a market capitalization of $306.84 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. Netflix, Inc. has a 12 month low of $65.08 and a 12 month high of $126.71. The firm has a 50-day moving average price of $75.56 and a 200-day moving average price of $84.95.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. The company had revenue of $12.56 billion for the quarter, compared to analyst estimates of $12.58 billion. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The firm’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 EPS. As a group, equities research analysts anticipate that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. DZ Bank reiterated a “buy” rating on shares of Netflix in a report on Friday, April 17th. Wedbush cut their price objective on Netflix from $118.00 to $105.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Bank of America restated a “buy” rating and set a $125.00 price objective on shares of Netflix in a research report on Monday, May 18th. Barclays lowered their target price on Netflix from $85.00 to $80.00 and set an “equal weight” rating for the company in a report on Friday, July 17th. Finally, Seaport Research Partners downgraded Netflix from a “buy” rating to a “neutral” rating in a research report on Monday, July 20th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $103.48.

Hedge Funds Weigh In On Netflix

A number of hedge funds have recently modified their holdings of the business. Brighton Jones LLC lifted its stake in shares of Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after acquiring an additional 257 shares during the period. Revolve Wealth Partners LLC increased its position in Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after purchasing an additional 144 shares during the period. Sivia Capital Partners LLC raised its holdings in Netflix by 21.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,406 shares of the Internet television network’s stock worth $1,883,000 after purchasing an additional 246 shares during the last quarter. Strategic Investment Advisors MI raised its holdings in Netflix by 18.9% during the 2nd quarter. Strategic Investment Advisors MI now owns 774 shares of the Internet television network’s stock worth $1,036,000 after purchasing an additional 123 shares during the last quarter. Finally, Schnieders Capital Management LLC. lifted its position in shares of Netflix by 12.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,115 shares of the Internet television network’s stock worth $2,832,000 after purchasing an additional 228 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $103.48, materially above recent trading levels. UBS also maintained a Buy rating despite lowering its target to $115. Netflix Receives Consensus Moderate Buy Rating
• Positive Sentiment: One valuation analysis estimates NFLX may be approximately 26% undervalued based on discounted-cash-flow and market-multiple models. A multiyear licensing agreement involving The Walking Dead universe could also support content engagement and monetization. Netflix Stock May Be 26% Undervalued
• Positive Sentiment: Netflix is considering always-on, linear-style streaming channels, which could increase viewing time, improve advertising and content monetization, and attract viewers who prefer a traditional television format. Netflix Considers Bringing Back Linear TV Channels
• Neutral Sentiment: Netflix’s latest quarterly results were mixed: earnings per share slightly exceeded estimates and revenue grew 13.4% year over year, but quarterly revenue narrowly missed consensus expectations.
• Neutral Sentiment: Director Richard Barton sold 2,160 shares under a pre-arranged Rule 10b5-1 trading plan. Because the sale was scheduled in advance and left him with a small remaining position, it provides a limited signal about management’s outlook. Netflix’s Latest Insider Sale Looks Bigger Than It Is
• Negative Sentiment: CEO Gregory Peters sold 27,312 shares for approximately $2.0 million, reducing his direct ownership by 18.42%. While he still owns more than 120,000 shares, the transaction added selling pressure and investor concern. Netflix CEO Sells 27,312 Shares
• Negative Sentiment: Netflix has underperformed the S&P 500 over the past year, with investors citing weaker engagement, limited viewing-data disclosure and intensifying streaming competition. Netflix Underperforms the S&P 500

About Netflix

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.