Netflix, Inc. (NASDAQ:NFLX) recovered 60.46% of its value since hitting low of $231.23. The recent move of 0.5% gain helped the stock to close at $371.04 when trading ended on 6/24/2019. At a recent session, the prices were hovering between $370.2 and $375. This company shares are 4.74% off its target price of $388.62 and the current market capitalization stands at $160.47B. The recent change has given its price a 3.24% lead over SMA 50 and -11.76% deficit over its 52-week high. The stock witnessed 5.35% gains, 1.31% gains and 42.39% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NFLX’s volatility during a week at 2.03% and during a month it has been found around 2.51%.
What Does Netflix, Inc. (NFLX) Do?
The company describes itself in regulatory filings as, “Netflix, Inc. is an Internet subscription service company, which provides subscription service streaming movies and television episodes over the Internet and sending DVDs by mail. It operates through the following segments: Domestic Streaming, International Streaming and Domestic DVD. The Domestic Streaming segment derives revenues from monthly membership fees for services consisting solely of streaming content to its members in the United States. The International Streaming segment includes fees from members outside the United States. The Domestic DVD segment covers revenues from services consisting solely of DVD-by-mail. The company was founded by Marc Randolph and Wilmot Reed Hastings Jr., on August 29, 1997 and is headquartered in Los Gatos, CA.” [Text can be found here: https://www.marketwatch.com/investing/stock/NFLX/profile under company description.]Netflix, Inc. (NFLX) Top Holders
Institutional investors currently hold around $125.99 billion or 79.1% in NFLX stock. Look at its top three institutional owners: Vanguard Group Inc owns $11.66 billion in Netflix, Inc., which represents roughly 7.26% of the company’s market cap and approximately 9.25% of the institutional ownership. Similar statistics are true for the second largest owner, Capital Research Global Investors, which owns 26,646,950 shares of the stock are valued at $9.84 billion. The third largest holder is Blackrock Inc., which currently holds $9.77 billion worth of this stock and that ownership represents nearly 6.09% of its market capitalization.
At the end of March reporting period, 784 institutional holders increased their position in Netflix, Inc. (NASDAQ:NFLX) by some 24,019,790 shares, 567 decreased positions by 14,407,948 and 197 held positions by 302,817,527. That puts total institutional holdings at 341,245,265 shares, according to SEC filings. The stock grabbed 216 new institutional investments totaling 4,025,321 shares while 111 institutional investors sold out their entire positions totaling 2,323,502 shares.Netflix, Inc. (NASDAQ:NFLX) Insider Trades
Multiple company employees have indulged in significant insider trading. Netflix, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CEO HASTINGS REED has sold 57,414 shares of Netflix, Inc. (NFLX) in the trading session dated May. 20, 2019. These shares are worth $20,030,596 and were traded at $348.88 each. The SEC filing shows that HASTINGS REED performed a sale of 56,966 shares. The CEO disposed these shares by way of transaction on Apr. 22, 2019. The company’s shares were given away at $370.74 per share worth to an income of some $21,119,575 to the account of HASTINGS REED.
CEO, HASTINGS REED, sold 52,458 common shares of Netflix, Inc. (NFLX) in the open market. In a transaction dated Mar. 20, 2019, the shares were put up for sale at an average price of $367.25, raking in a sum of $19,265,201. After this sale, 5,558,947 common shares of NFLX are directly owned by the insider, with total stake valued at $2,063,000,000.
In the transaction dated Feb. 19, 2019, a great number of shares sold came courtesy the CEO; HASTINGS REED disposed a total of 54,418 shares at an average price of $362, amounting to approximately $19,699,316. The insider now directly owns 5,558,947 shares worth $2,063,000,000.Netflix, Inc. (NFLX) Analyst Guide
Several analysts have released their opinion on Netflix, Inc. (NASDAQ:NFLX), with 16 analysts believing it is a strong buy. Whereas 10 of them predict the stock is a hold. Also, there are 14 buy, 2 sell and 2 strong sell ratings, collectively assigning a 2.09 average brokerage recommendation [T1].