Key Points
- Netflix director Richard Barton sold 2,160 shares for approximately $162,216 under a pre-arranged Rule 10b5-1 trading plan, leaving him with 246 shares.
- Netflix shares opened at $73.69, down 0.7%, while the company reported quarterly EPS of $0.80, slightly beating estimates; revenue rose 13.4% year over year but narrowly missed forecasts.
- Analysts maintain a consensus “Moderate Buy” rating with an average price target of $103.48, and institutional investors and hedge funds own approximately 80.93% of the stock.
Netflix, Inc. (NASDAQ:NFLX - Get Free Report) Director Richard Barton sold 2,160 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $75.10, for a total value of $162,216.00. Following the sale, the director owned 246 shares of the company's stock, valued at approximately $18,474.60. The trade was a 89.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Netflix Stock Down 0.7%
Shares of NASDAQ:NFLX opened at $73.69 on Friday. The company has a market capitalization of $306.84 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 0.93 and a beta of 1.52. Netflix, Inc. has a 1 year low of $65.08 and a 1 year high of $126.71. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. The business's 50-day moving average is $75.56 and its 200-day moving average is $84.95.
Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The company had revenue of $12.56 billion during the quarter, compared to analyst estimates of $12.58 billion. During the same quarter in the previous year, the business posted $0.72 EPS. Netflix's revenue for the quarter was up 13.4% compared to the same quarter last year. Equities research analysts predict that Netflix, Inc. will post 3.59 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Turning Point Benefit Group Inc. increased its holdings in Netflix by 13,400.0% during the 4th quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network's stock worth $25,000 after purchasing an additional 268 shares in the last quarter. Imprint Wealth LLC bought a new position in shares of Netflix in the third quarter valued at approximately $25,000. Cornerstone Financial Management LLC bought a new position in shares of Netflix in the fourth quarter valued at approximately $26,000. Atlas Capital Advisors Inc. purchased a new position in shares of Netflix during the fourth quarter valued at approximately $26,000. Finally, Jessup Wealth Management Inc purchased a new position in shares of Netflix during the fourth quarter valued at approximately $27,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on NFLX. Rosenblatt Securities set a $75.00 price objective on shares of Netflix and gave the company a "neutral" rating in a report on Friday, July 17th. KeyCorp restated an "overweight" rating and issued a $92.00 target price (down from $115.00) on shares of Netflix in a research note on Monday, July 13th. China Intl Cap raised Netflix to a "strong-buy" rating in a research report on Tuesday, July 21st. Erste Group Bank downgraded Netflix from a "buy" rating to a "hold" rating in a research note on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft set a $110.00 price target on Netflix in a report on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and a consensus target price of $103.48.
Get Our Latest Analysis on NFLX
More Netflix News
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
Netflix Company Profile
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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.
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