Insider Selling: Netflix, Inc. (NASDAQ:NFLX) CEO Sells 1,278 Shares of Stock

Netflix, Inc. (NASDAQ:NFLX) CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.81, for a total transaction of $758,889.18. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $7,772,972.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Netflix Price Performance

NFLX stock opened at $606.00 on Wednesday. The stock has a market capitalization of $261.16 billion, a price-to-earnings ratio of 42.05, a PEG ratio of 1.40 and a beta of 1.23. The firm’s 50-day moving average price is $602.85 and its two-hundred day moving average price is $531.62. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12-month low of $322.03 and a 12-month high of $639.00.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter in the previous year, the business earned $2.88 EPS. Netflix’s revenue was up 14.8% compared to the same quarter last year. As a group, equities analysts predict that Netflix, Inc. will post 18.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. KeyCorp increased their price target on shares of Netflix from $580.00 to $705.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Needham & Company LLC raised shares of Netflix from a “hold” rating to a “buy” rating and set a $700.00 price target on the stock in a report on Friday, April 19th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a report on Monday, February 26th. TD Cowen increased their price target on shares of Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, Evercore ISI increased their price target on shares of Netflix from $640.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, April 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $631.15.

Hedge Funds Weigh In On Netflix

A number of hedge funds and other institutional investors have recently made changes to their positions in NFLX. New Republic Capital LLC increased its position in Netflix by 2.8% during the 1st quarter. New Republic Capital LLC now owns 1,024 shares of the Internet television network’s stock valued at $622,000 after purchasing an additional 28 shares during the period. Williams Jones Wealth Management LLC. increased its position in shares of Netflix by 187.7% during the first quarter. Williams Jones Wealth Management LLC. now owns 4,802 shares of the Internet television network’s stock valued at $2,916,000 after buying an additional 3,133 shares during the period. Semus Wealth Partners LLC increased its position in shares of Netflix by 3.4% during the first quarter. Semus Wealth Partners LLC now owns 2,616 shares of the Internet television network’s stock valued at $1,589,000 after buying an additional 87 shares during the period. Delta Financial Advisors LLC bought a new position in Netflix in the first quarter worth about $228,000. Finally, Donoghue Forlines LLC lifted its holdings in Netflix by 220.8% in the first quarter. Donoghue Forlines LLC now owns 4,350 shares of the Internet television network’s stock worth $2,642,000 after buying an additional 2,994 shares during the period. 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.