Netflix, Inc. (NASDAQ:NFLX) CFO Sells $2,554,312.05 in Stock

Netflix, Inc. (NASDAQ:NFLX) CFO Spencer Adam Neumann sold 2,601 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $982.05, for a total value of $2,554,312.05. Following the sale, the chief financial officer now owns 3,691 shares in the company, valued at approximately $3,624,746.55. The trade was a 41.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Spencer Adam Neumann also recently made the following trade(s):

• On Thursday, February 6th, Spencer Adam Neumann sold 685 shares of Netflix stock. The shares were sold at an average price of $1,009.57, for a total value of $691,555.45.
• On Thursday, January 30th, Spencer Adam Neumann sold 10,000 shares of Netflix stock. The shares were sold at an average price of $978.41, for a total value of $9,784,100.00.

Netflix Price Performance

Shares of NASDAQ:NFLX traded down $1.12 during midday trading on Tuesday, reaching $972.58. The company’s stock had a trading volume of 4,385,138 shares, compared to its average volume of 3,310,103. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The company has a market capitalization of $416.03 billion, a P/E ratio of 49.05, a P/E/G ratio of 2.12 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The business’s fifty day simple moving average is $949.77 and its 200-day simple moving average is $837.58.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.11 earnings per share. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Bank of America boosted their price target on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Argus upped their target price on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Barclays raised Netflix from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Phillip Securities cut Netflix from a “hold” rating to a “moderate sell” rating in a research report on Friday, January 24th. Finally, Needham & Company LLC upped their target price on Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Hedge Funds Weigh In On Netflix

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brown Shipley& Co Ltd bought a new position in Netflix during the fourth quarter worth about $27,000. Pathway Financial Advisers LLC boosted its holdings in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after buying an additional 14 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new position in Netflix during the third quarter worth about $25,000. Transce3nd LLC bought a new position in Netflix during the fourth quarter worth about $32,000. Finally, Newton One Investments LLC acquired a new stake in shares of Netflix during the fourth quarter worth about $34,000. Institutional investors own 80.93% of the company’s stock.

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.