Insider Selling: Netflix (NASDAQ:NFLX) Insider Sells 238 Shares of Stock

Netflix, Inc. (NASDAQ:NFLX) insider Cletus Willems sold 238 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $1,100.33, for a total transaction of $261,878.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Netflix Stock Down 0.1%

Netflix stock traded down $1.44 during trading hours on Thursday, reaching $1,097.02. The stock had a trading volume of 3,645,898 shares, compared to its average volume of 4,010,872. The company has a market cap of $464.84 billion, a price-to-earnings ratio of 45.82, a PEG ratio of 1.91 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. The business’s 50 day moving average price is $1,188.11 and its 200-day moving average price is $1,197.53. Netflix, Inc. has a 52 week low of $779.94 and a 52 week high of $1,341.15.

Shares of Netflix are going to split on the morning of Monday, November 17th. The 10-1 split was announced on Thursday, October 30th. The newly issued shares will be issued to shareholders after the closing bell on Friday, November 14th.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). The firm had revenue of $11.51 billion during the quarter, compared to the consensus estimate of $11.52 billion. Netflix had a return on equity of 41.86% and a net margin of 24.05%.The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.40 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

NFLX has been the topic of several recent analyst reports. UBS Group set a $1,500.00 price objective on shares of Netflix in a report on Wednesday, October 22nd. Citigroup restated a “neutral” rating and set a $1,295.00 price objective (up previously from $1,280.00) on shares of Netflix in a report on Friday, October 3rd. JPMorgan Chase & Co. cut their price objective on shares of Netflix from $1,300.00 to $1,275.00 and set a “neutral” rating on the stock in a report on Wednesday, October 22nd. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Finally, Itau BBA Securities initiated coverage on shares of Netflix in a report on Tuesday, October 7th. They set an “outperform” rating and a $1,514.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,340.22.

Institutional Investors Weigh In On Netflix

A number of large investors have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Netflix during the 2nd quarter worth approximately $7,929,645,000. Laurel Wealth Advisors LLC raised its stake in shares of Netflix by 128,553.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,881,129 shares of the Internet television network’s stock worth $6,536,466,000 after buying an additional 4,877,335 shares during the period. Nuveen LLC acquired a new position in shares of Netflix during the 1st quarter worth approximately $2,385,585,000. Kingstone Capital Partners Texas LLC raised its stake in shares of Netflix by 343,058.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock worth $3,299,450,000 after buying an additional 2,463,158 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Netflix by 57.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock worth $3,164,134,000 after buying an additional 1,236,251 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

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.