Netflix stock has a 2% rise this week: Data analysis insights.

The past week saw a 2% rise in $NFLX stock, as reported by our data from Polygon. Among the 50 most-searched tickers on Quiver Quantitative, $NFLX secured the 42nd spot. Our analysis sheds light on the insider trading activity within $NFLX. Over the previous 6 months, insiders engaged in 148 trades of $NFLX stock, of which all were sales, reflecting the stock’s movement within the company.

REED HASTINGS, with a significant number of sales, stands out among other insiders. With 72 sales transactions totaling 1,301,239 shares and an estimated value of $238,543,232, Hastings remains active in trading $NFLX stock. Similarly, Chief Legal Officer DAVID A HYMAN conducted 4 sales amounting to 60,628 shares worth $37,132,628. Co-CEO GREGORY K PETERS participated in 6 sales, vending 135,120 shares valued at $13,267,425. Chief Financial Officer SPENCER ADAM NEUMANN processed 60 sales transactions, selling 17,743 shares for $10,559,908. In contrast, Chief Global Affairs Officer CLETUS R WILLEMS executed 2 sales of 3,374 shares valued at $521,131.

Further insights into hedge fund activities surrounding $NFLX show a mixed bag of institutional investment trends. While 1,734 institutional investors opted to increase their stake in $NFLX stock, 1,803 chose to decrease their holdings in the most recent quarter. Notable adjustments in shareholder positions include UBS AM removing a significant portion of 77,868,029 shares valued at approximately $7,300,906,399, NORGES BANK adding 61,894,705 shares valued at $5,803,247,540, and BANK OF NEW YORK MELLON CORP boosting their portfolio with 27,752,083 shares valued at $2,602,035,302.

Congressional stock trading activities within $NFLX witnessed members of Congress engaging in 20 trades over the past 6 months, comprising 13 purchases and 7 sales. Representative CLEO FIELDS spearheaded the trading with 8 purchases amounting to $1,380,000. Other notable figures include SENATOR JOHN BOOZMAN purchasing up to $15,000, while REPRESENTATIVE RICK W. ALLEN and REPRESENTATIVE GILBERT RAY CISNEROS, JR. engaged in selling transactions.

Analyst ratings provide a glimpse into Wall Street’s sentiment toward $NFLX. Among the 16 firms that issued reports, all recommended buy ratings, signaling confidence in $NFLX’s performance. Recent ratings from Piper Sandler, TD Cowen, and Morgan Stanley have echoed sentiments of positivity towards the stock.

Lastly, price targets set by analysts pave the way for potential stock predictions. With 29 analysts offering price targets for $NFLX in the last 6 months, a median target of $115.0 prevails. Analysts like Alicia Reese from Wedbush, Joseph Bonner from Argus Research, and Laura Martin from Needham have endorsed varying price targets, underpinning the diverse outlooks on the stock’s potential trajectory. Investors can glean further insights into $NFLX’s data and forecast on Quiver Quantitative.