Netflix, Inc. (NASDAQ:NFLX) CEO Theodore A. Sarandos Sells 1,278 Shares

Netflix, Inc. (NASDAQ:NFLX) CEO Theodore A. Sarandos sold 1,278 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total transaction of $980,289.90. Following the completion of the transaction, the chief executive officer now owns 2,556 shares of the company’s stock, valued at approximately $1,960,579.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Netflix Stock Up 2.1 %

Shares of NFLX traded up $16.30 during mid-day trading on Wednesday, hitting $780.21. 3,687,755 shares of the company’s stock were exchanged, compared to its average volume of 3,890,906. The firm has a fifty day moving average of $717.59 and a two-hundred day moving average of $667.98. Netflix, Inc. has a twelve month low of $431.00 and a twelve month high of $781.49. The stock has a market cap of $333.51 billion, a price-to-earnings ratio of 44.15, a P/E/G ratio of 1.46 and a beta of 1.25. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wells Fargo & Company upped their target price on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. BMO Capital Markets restated an “outperform” rating and issued a $825.00 target price (up previously from $770.00) on shares of Netflix in a research report on Friday, October 18th. Rosenblatt Securities upped their target price on shares of Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Wolfe Research restated an “outperform” rating on shares of Netflix in a research report on Friday, October 18th. Finally, Jefferies Financial Group upped their target price on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $748.15.

Institutional Trading of Netflix

Large investors have recently modified their holdings of the company. Denver PWM LLC bought a new stake in shares of Netflix during the 2nd quarter worth $25,000. Proffitt & Goodson Inc. boosted its holdings in shares of Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after buying an additional 38 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares during the period. AlphaMark Advisors LLC boosted its holdings in shares of Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after buying an additional 45 shares during the period. Finally, Triad Wealth Partners LLC bought a new stake in shares of Netflix during the 2nd quarter worth $38,000. 80.93% of the stock is owned by institutional investors.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.