Investors bought shares of Netflix Inc. (NASDAQ:NFLX) on weakness during trading on Friday following insider selling activity. $368.48 million flowed into the stock on the tick-up and $320.09 million flowed out of the stock on the tick-down, for a money net flow of $48.39 million into the stock. Of all stocks tracked, Netflix had the 15th highest net in-flow for the day. Netflix traded down ($0.64) for the day and closed at $114.78Specifically, CFO David B. Wells sold 500 shares of the company’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $122.83, for a total value of $61,415.00. Following the completion of the transaction, the chief financial officer now owns 500 shares of the company’s stock, valued at approximately $61,415. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Theodore A. Sarandos sold 91,966 shares of the company’s stock in a transaction dated Tuesday, October 18th. The stock was sold at an average price of $116.63, for a total value of $10,725,994.58. Following the completion of the transaction, the insider now directly owns 15,204 shares of the company’s stock, valued at approximately $1,773,242.52. The disclosure for this sale can be found here. 4.90% of the stock is owned by corporate insiders.

A number of equities analysts have commented on NFLX shares. Cowen and Company reissued an “outperform” rating and set a $110.00 target price on shares of Netflix in a report on Wednesday, October 12th. Guggenheim reissued a “buy” rating and set a $140.00 target price (up previously from $135.00) on shares of Netflix in a report on Wednesday, October 26th. Cantor Fitzgerald reissued a “buy” rating on shares of Netflix in a report on Sunday, August 14th. FBR & Co reissued a “market perform” rating and set a $90.00 target price (down previously from $104.00) on shares of Netflix in a report on Sunday, July 17th. Finally, Vetr cut Netflix from a “strong-buy” rating to a “buy” rating and set a $102.41 price target for the company. in a report on Wednesday, July 27th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $117.44.

The stock’s 50-day moving average price is $112.44 and its 200-day moving average price is $99.09. The stock has a market cap of $49.26 billion, a price-to-earnings ratio of 310.22 and a beta of 1.81.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, October 17th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.06. The firm earned $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Netflix had a net margin of 1.99% and a return on equity of 6.31%. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.07 earnings per share. Equities research analysts anticipate that Netflix Inc. will post $0.40 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fulton Bank N.A. boosted its position in Netflix by 0.3% in the third quarter. Fulton Bank N.A. now owns 4,450 shares of the Internet television network’s stock valued at $439,000 after buying an additional 12 shares during the period. Concorde Asset Management LLC boosted its position in Netflix by 0.5% in the second quarter. Concorde Asset Management LLC now owns 4,205 shares of the Internet television network’s stock valued at $385,000 after buying an additional 20 shares during the period. Coconut Grove Bank boosted its position in Netflix by 1.7% in the second quarter. Coconut Grove Bank now owns 1,526 shares of the Internet television network’s stock valued at $140,000 after buying an additional 26 shares during the period. Conning Inc. boosted its position in Netflix by 0.3% in the second quarter. Conning Inc. now owns 10,915 shares of the Internet television network’s stock valued at $999,000 after buying an additional 30 shares during the period. Finally, Mycio Wealth Partners LLC boosted its position in Netflix by 1.5% in the second quarter. Mycio Wealth Partners LLC now owns 2,348 shares of the Internet television network’s stock valued at $215,000 after buying an additional 35 shares during the period. Institutional investors own 78.43% of the company’s stock.

Netflix Company Profile

Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.

5 Day Chart for NASDAQ:NFLX

Receive News & Stock Ratings for Netflix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix Inc. and related stocks with our FREE daily email newsletter.