Netflix (NASDAQ:NFLX) Insider David Hyman Sells 5,723 Shares of Stock

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) insider David Hyman sold 5,723 shares of the business's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $72.85, for a total transaction of $416,920.55. Following the transaction, the insider directly owned 316,100 shares of the company's stock, valued at $23,027,885. The trade was a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Netflix Price Performance

• Netflix's Big Sell-Off May Be Sending the Wrong Signal

NASDAQ NFLX opened at $73.57 on Wednesday. The company has a 50-day moving average price of $76.08 and a two-hundred day moving average price of $85.15. Netflix, Inc. has a 52 week low of $65.08 and a 52 week high of $126.71. The stock has a market cap of $306.34 billion, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 0.92 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.

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Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.01. The company had revenue of $12.56 billion for the quarter, compared to analysts' expectations of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The business's revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 earnings per share. Analysts forecast that Netflix, Inc. will post 3.59 EPS for the current year.

Hedge Funds Weigh In On Netflix

• 3 Stocks Standing Out and 2 Losing Momentum as the Tech Rally Cracks

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NFLX. Checchi Capital Advisers LLC boosted its holdings in shares of Netflix by 875.7% in the fourth quarter. Checchi Capital Advisers LLC now owns 31,143 shares of the Internet television network's stock worth $2,920,000 after buying an additional 27,951 shares during the period. BNC Wealth Management LLC raised its holdings in shares of Netflix by 991.3% during the fourth quarter. BNC Wealth Management LLC now owns 41,229 shares of the Internet television network's stock valued at $3,866,000 after acquiring an additional 37,451 shares during the period. Family Capital Trust Co lifted its position in shares of Netflix by 20,869.5% in the 4th quarter. Family Capital Trust Co now owns 27,470 shares of the Internet television network's stock valued at $2,576,000 after acquiring an additional 27,339 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Netflix by 912.5% in the 4th quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network's stock valued at $36,567,805,000 after acquiring an additional 351,493,659 shares in the last quarter. Finally, BLB&B Advisors LLC lifted its position in shares of Netflix by 617.4% in the 4th quarter. BLB&B Advisors LLC now owns 60,635 shares of the Internet television network's stock valued at $5,685,000 after acquiring an additional 52,183 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix’s cloud-gaming initiative is showing strong early traction: monthly players have increased 11-fold since October, potentially creating a new engagement and growth engine beyond traditional streaming and mobile games. Can NFLX Stock Compound Its Way Higher?
• Positive Sentiment: Some analysts and investors view NFLX as increasingly attractive after its recent decline, citing Netflix’s scale, brand strength, content library and competitive moat. Longer-term shareholder returns also remain positive despite recent weakness. NFLX Stock Looks Attractive Even as Growth Slows Rivals’ Loss Signals Netflix’s Strong Moat
• Positive Sentiment: Commentary on Netflix’s buybacks and business economics provides potential valuation support, particularly with the shares trading well below their 52-week high and at a lower earnings multiple than earlier in the year. Netflix’s Stock Buybacks: History & Impact Explained
• Neutral Sentiment: Netflix’s latest reported quarter slightly exceeded earnings expectations, but revenue was just below consensus. Sales still grew 13.4% year over year, indicating continued expansion while also confirming that growth is moderating.
• Negative Sentiment: Wall Street is concerned that Netflix may have an engagement problem, especially as the company releases less viewing and engagement data. Reduced transparency could make it harder for investors to evaluate content performance and user momentum. Wall Street Is Worried Netflix Has an Engagement Problem
• Negative Sentiment: YouTube Premium’s planned bundle with Peacock and NBCUniversal sports highlights the growing competition for streaming subscribers, viewing time and entertainment budgets. This could pressure Netflix’s perceived growth rate and valuation. Is YouTube Going After Netflix?

Wall Street Analysts Forecast Growth

• MarketBeat Week in Review – 07/20- 07/24

Several analysts have weighed in on NFLX shares. BMO Capital Markets downgraded Netflix from an "outperform" rating to a "market perform" rating in a research note on Monday, July 20th. Erste Group Bank lowered Netflix from a "buy" rating to a "hold" rating in a report on Monday, April 27th. TD Cowen cut their price objective on shares of Netflix from $112.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday, July 17th. Morgan Stanley reaffirmed an "overweight" rating and issued a $90.00 price objective (down from $115.00) on shares of Netflix in a report on Tuesday, July 14th. Finally, Sanford C. Bernstein set a $95.00 target price on shares of Netflix and gave the company an "outperform" rating in a research report on Friday, July 17th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and an average price target of $103.48.

View Our Latest Stock Report on Netflix

About Netflix

(Get Free Report)

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.

Further Reading

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