Netflix (NASDAQ:NFLX) Stock Price Down 4.9% Following Insider Selling

Netflix, Inc. (NASDAQ:NFLX)’s stock price was down 4.9% on Wednesday following insider selling activity. The company traded as low as $102.03 and last traded at $103.96. Approximately 52,997,449 shares were traded during trading, an increase of 33% from the average daily volume of 39,839,184 shares. The stock had previously closed at $109.35.

Specifically, Director Reed Hastings sold 375,470 shares of Netflix stock in a transaction on Monday, December 1st. The stock was sold at an average price of $108.43, for a total transaction of $40,712,212.10. Following the completion of the sale, the director owned 3,940 shares of the company’s stock, valued at approximately $427,214.20. This trade represents a 98.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analyst Weigh In

A number of research firms recently commented on NFLX. KGI Securities raised shares of Netflix from a “neutral” rating to an “outperform” rating and set a $135.00 price target on the stock in a research report on Monday, November 3rd. Argus set a $141.00 target price on shares of Netflix in a research report on Thursday, October 23rd. Arete raised their target price on shares of Netflix from $83.30 to $108.40 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. President Capital upgraded shares of Netflix from a “neutral” rating to a “buy” rating and set a $130.00 price target for the company in a research report on Monday, November 3rd. Finally, JPMorgan Chase & Co. cut their price target on Netflix from $127.50 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, November 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $133.90.

Netflix Stock Performance

The stock has a fifty day simple moving average of $113.27 and a two-hundred day simple moving average of $119.25. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market cap of $437.38 billion, a price-to-earnings ratio of 43.12, a P/E/G ratio of 1.54 and a beta of 1.71.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $5.18. The company had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $11.52 billion. Netflix had a return on equity of 41.86% and a net margin of 24.05%.Netflix’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 EPS. Netflix has set its Q4 2025 guidance at 5.450-5.450 EPS. Analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Netflix

A number of hedge funds have recently made changes to their positions in NFLX. Brighton Jones LLC grew its stake in shares of Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after buying an additional 257 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after acquiring an additional 144 shares in the last quarter. Exencial Wealth Advisors LLC grew its position in Netflix by 2.3% during the 1st quarter. Exencial Wealth Advisors LLC now owns 1,530 shares of the Internet television network’s stock worth $1,427,000 after acquiring an additional 34 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Netflix by 5.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,811,760 shares of the Internet television network’s stock worth $2,622,051,000 after acquiring an additional 143,368 shares during the last quarter. Finally, Commonwealth Financial Services LLC acquired a new position in Netflix in the 1st quarter worth about $220,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

About Netflix

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.