Investors sold shares of Netflix, Inc. (NASDAQ:NFLX) on strength during trading hours on Tuesday following insider selling activity. $229.71 million flowed into the stock on the tick-up and $350.48 million flowed out of the stock on the tick-down, for a money net flow of $120.77 million out of the stock. Of all equities tracked, Netflix had the 0th highest net out-flow for the day. Netflix traded up $0.17 for the day and closed at $184.21Specifically, CEO Reed Hastings sold 75,467 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $185.02, for a total transaction of $13,962,904.34. Following the transaction, the chief executive officer now directly owns 75,467 shares in the company, valued at approximately $13,962,904.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard N. Barton sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $184.30, for a total value of $368,600.00. Following the transaction, the director now owns 8,012 shares in the company, valued at $1,476,611.60. The disclosure for this sale can be found here. Insiders sold 323,935 shares of company stock worth $62,565,812 over the last quarter. 4.90% of the stock is currently owned by company insiders.

A number of brokerages recently issued reports on NFLX. Evercore ISI began coverage on Netflix in a report on Wednesday. They issued an “in-line” rating and a $210.00 target price on the stock. Monness Crespi & Hardt began coverage on Netflix in a report on Monday. They issued a “buy” rating and a $250.00 target price on the stock. BidaskClub cut Netflix from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Bank of America increased their target price on Netflix from $225.00 to $199.00 and gave the stock a “buy” rating in a report on Friday, December 1st. Finally, MKM Partners increased their target price on Netflix from $230.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, November 30th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $209.65.

The firm has a market cap of $79,340.00, a price-to-earnings ratio of 185.90, a price-to-earnings-growth ratio of 5.47 and a beta of 1.33. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same period last year, the business posted $0.12 EPS. The company’s revenue was up 30.3% compared to the same quarter last year. equities analysts predict that Netflix, Inc. will post 1.26 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC purchased a new stake in Netflix in the 3rd quarter worth about $171,000. Public Employees Retirement System of Ohio boosted its stake in Netflix by 0.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 285,901 shares of the Internet television network’s stock worth $51,848,000 after purchasing an additional 877 shares during the period. Truepoint Inc. boosted its stake in Netflix by 18,035.0% in the 3rd quarter. Truepoint Inc. now owns 402,416 shares of the Internet television network’s stock worth $402,000 after purchasing an additional 400,197 shares during the period. Salem Investment Counselors Inc. boosted its stake in Netflix by 161.0% in the 3rd quarter. Salem Investment Counselors Inc. now owns 15,967 shares of the Internet television network’s stock worth $2,837,000 after purchasing an additional 9,850 shares during the period. Finally, Moors & Cabot Inc. bought a new position in Netflix in the 3rd quarter worth about $215,000. 83.38% of the stock is owned by institutional investors.

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Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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