Netflix, Inc. (NASDAQ:NFLX) Director Sells $4,405,974.94 in Stock

Netflix, Inc. (NASDAQ:NFLX) Director Bradford L. Smith sold 3,919 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the completion of the transaction, the director now owns 7,969 shares in the company, valued at approximately $8,959,227.94. This represents a 32.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Netflix Stock Up 2.3%

Shares of NFLX stock opened at $1,177.98 on Friday. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,187.80. The firm has a market cap of $501.31 billion, a PE ratio of 59.40, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The stock has a 50 day moving average of $1,003.42 and a 200-day moving average of $942.62. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period in the previous year, the company earned $8.28 earnings per share. On average, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NFLX shares. Moffett Nathanson restated a “buy” rating and set a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Bank of America lifted their price objective on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Pivotal Research lifted their price objective on Netflix from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a research report on Monday, April 21st. Piper Sandler set a $1,150.00 price target on Netflix and gave the company an “overweight” rating in a report on Monday, April 21st. Finally, Guggenheim reiterated a “buy” rating and set a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,084.91.

Hedge Funds Weigh In On Netflix

Large investors have recently bought and sold shares of the stock. Janus Henderson Group PLC raised its holdings in Netflix by 8.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network’s stock valued at $1,227,468,000 after acquiring an additional 110,432 shares in the last quarter. First National Trust Co raised its holdings in Netflix by 1.0% in the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock valued at $1,121,000 after acquiring an additional 12 shares in the last quarter. Haven Private LLC acquired a new position in Netflix in the 4th quarter valued at approximately $733,000. Sigma Planning Corp raised its stake in shares of Netflix by 7.4% in the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock valued at $4,966,000 after purchasing an additional 386 shares in the last quarter. Finally, Quilter Plc raised its stake in shares of Netflix by 8.2% in the fourth quarter. Quilter Plc now owns 143,757 shares of the Internet television network’s stock valued at $128,133,000 after purchasing an additional 10,946 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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.