Timothy M. Haley Sells 11,090 Shares of Netflix, Inc. (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Netflix Stock Performance

Shares of NFLX opened at $795.04 on Friday. The stock has a 50 day moving average price of $721.55 and a 200 day moving average price of $670.54. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $339.85 billion, a price-to-earnings ratio of 44.99, a price-to-earnings-growth ratio of 1.50 and a beta of 1.25. Netflix, Inc. has a 52-week low of $434.35 and a 52-week high of $799.06.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. BMO Capital Markets reaffirmed an “outperform” rating and set a $825.00 target price (up previously from $770.00) on shares of Netflix in a research note on Friday, October 18th. Pivotal Research lifted their target price on shares of Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. lifted their target price on shares of Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, China Renaissance assumed coverage on shares of Netflix in a research note on Thursday, September 5th. They set a “hold” rating and a $680.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $748.15.

Hedge Funds Weigh In On Netflix

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Denver PWM LLC acquired a new stake in shares of Netflix in the second quarter valued at approximately $25,000. Proffitt & Goodson Inc. boosted its holdings in shares of Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 38 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares during the period. AlphaMark Advisors LLC boosted its holdings in shares of Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 45 shares during the period. Finally, MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix in the third quarter valued at approximately $37,000. 80.93% of the stock is owned by institutional investors and hedge funds.

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.