Netflix, Inc. (NASDAQ:NFLX) Director Timothy M. Haley Sells 1,022 Shares of Stock

Posted by Defense World Staff on Jul 6th, 2023

Netflix, Inc. (NASDAQ:NFLX – Free Report) Director Timothy M. Haley sold 1,022 shares of the company’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $450.19, for a total transaction of $460,094.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Timothy M. Haley also recently made the following trade(s):

On Friday, June 9th, Timothy M. Haley sold 903 shares of Netflix stock. The stock was sold at an average price of $425.00, for a total transaction of $383,775.00.
On Tuesday, May 30th, Timothy M. Haley sold 2,359 shares of Netflix stock. The shares were sold at an average price of $400.39, for a total transaction of $944,520.01.
On Wednesday, May 10th, Timothy M. Haley sold 7,147 shares of Netflix stock. The shares were sold at an average price of $334.28, for a total transaction of $2,389,099.16.

Netflix Stock Performance

NASDAQ:NFLX opened at $445.90 on Thursday. Netflix, Inc. has a 1 year low of $169.70 and a 1 year high of $450.97. The firm’s fifty day simple moving average is $385.80 and its 200 day simple moving average is $347.68. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $198.22 billion, a PE ratio of 47.95, a PEG ratio of 1.65 and a beta of 1.27.

Netflix (NASDAQ:NFLX – Free Report) last posted its earnings results on Tuesday, April 18th. The Internet television network reported $2.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.05. Netflix had a net margin of 13.16% and a return on equity of 20.43%. The business had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.18 billion. During the same period last year, the business posted $3.53 EPS. Netflix’s revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Netflix, Inc. will post 11.25 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NFLX shares. Credit Suisse Group increased their price objective on shares of Netflix from $291.00 to $331.00 in a report on Tuesday, April 18th. TheStreet upgraded shares of Netflix from a “c” rating to a “b-” rating in a report on Tuesday, April 18th. Jefferies Financial Group increased their price objective on shares of Netflix from $405.00 to $440.00 in a report on Tuesday, May 30th. Wedbush restated an “outperform” rating on shares of Netflix in a report on Thursday, April 13th. Finally, JPMorgan Chase & Co. raised their target price on shares of Netflix from $380.00 to $470.00 in a report on Wednesday, June 7th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $379.11.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Baldrige Asset Management LLC grew its position in Netflix by 156.3% in the 1st quarter. Baldrige Asset Management LLC now owns 82 shares of the Internet television network’s stock worth $28,000 after purchasing an additional 50 shares during the last quarter. Phocas Financial Corp. acquired a new stake in Netflix in the 4th quarter worth $29,000. Yarbrough Capital LLC acquired a new stake in Netflix in the 4th quarter worth $29,000. Tanglewood Legacy Advisors LLC acquired a new stake in Netflix in the 4th quarter worth $29,000. Finally, Barrett & Company Inc. acquired a new stake in Netflix in the 1st quarter worth $29,000. 89.73% of the stock is currently owned by institutional investors and hedge funds.

Netflix Company Profile

(Free Report)

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