Insider Selling: Netflix, Inc. (NASDAQ:NFLX) CFO Sells $782,918.08 in Stock

Netflix, Inc. (NASDAQ:NFLX) CFO Spencer Adam Neumann sold 686 shares of the firm’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $1,141.28, for a total transaction of $782,918.08. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares of the company’s stock, valued at approximately $4,212,464.48. This trade represents a 15.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Thursday, May 1st, Spencer Adam Neumann sold 2,601 shares of Netflix stock. The shares were sold at an average price of $1,132.38, for a total transaction of $2,945,320.38.
• On Tuesday, April 1st, Spencer Adam Neumann sold 2,601 shares of Netflix stock. The shares were sold at an average price of $921.72, for a total transaction of $2,397,393.72.
• On Monday, March 3rd, Spencer Adam Neumann sold 2,601 shares of Netflix stock. The stock was sold at an average price of $982.05, for a total value of $2,554,312.05.
• 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.

Netflix Trading Down 0.4 %

Shares of NASDAQ:NFLX opened at $1,139.81 on Friday. The business’s 50-day moving average is $984.97 and its 200 day moving average is $931.79. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,164.00. The firm has a market capitalization of $485.07 billion, a P/E ratio of 57.48, a P/E/G ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter in the prior year, the company posted $8.28 earnings per share. On average, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

NFLX has been the topic of several recent research reports. Moffett Nathanson restated a “buy” rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Piper Sandler set a $1,150.00 target price on shares of Netflix and gave the stock an “overweight” rating in a report on Monday, April 21st. Oppenheimer reiterated an “outperform” rating and set a $1,200.00 price target (up from $1,150.00) on shares of Netflix in a report on Friday, April 18th. Barclays raised their price objective on shares of Netflix from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Monday, April 21st. Finally, Evercore ISI upped their target price on Netflix from $1,100.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Monday, April 21st. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,084.91.

Institutional Investors Weigh In On Netflix

Institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its holdings in shares of Netflix by 13.3% during the third quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock worth $1,200,485,000 after purchasing an additional 198,148 shares during the period. Stonehearth Capital Management LLC acquired a new stake in Netflix during the 4th quarter valued at approximately $252,000. Spartan Planning & Wealth Management purchased a new stake in shares of Netflix in the 4th quarter valued at $645,000. Bath Savings Trust Co increased its stake in shares of Netflix by 17.6% in the fourth quarter. Bath Savings Trust Co now owns 400 shares of the Internet television network’s stock worth $357,000 after acquiring an additional 60 shares during the period. Finally, First County Bank CT purchased a new position in shares of Netflix during the fourth quarter worth $233,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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.