Netflix (NASDAQ:NFLX) CFO Sells $3,048,526.00 in Stock

Netflix, Inc. (NASDAQ:NFLX) CFO Spencer Adam Neumann sold 2,600 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the completion of the transaction, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,327,734.41. This trade represents a 41.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, September 2nd, Spencer Adam Neumann sold 2,600 shares of Netflix stock. The shares were sold at an average price of $1,207.76, for a total transaction of $3,140,176.00.
• On Wednesday, August 6th, Spencer Adam Neumann sold 685 shares of Netflix stock. The shares were sold at an average price of $1,161.21, for a total transaction of $795,428.85.
• On Friday, August 1st, Spencer Adam Neumann sold 2,601 shares of Netflix stock. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40.

Netflix Price Performance

NASDAQ:NFLX opened at $1,153.32 on Friday. The firm has a market cap of $490.08 billion, a price-to-earnings ratio of 49.14, a price-to-earnings-growth ratio of 1.96 and a beta of 1.59. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company’s 50-day moving average is $1,207.36 and its two-hundred day moving average is $1,158.96. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Netflix in a research note on Saturday, September 27th. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. Loop Capital raised shares of Netflix from a “hold” rating to a “buy” rating and upped their price objective for the company from $1,150.00 to $1,350.00 in a research note on Wednesday, September 17th. BMO Capital Markets reaffirmed an “outperform” rating and set a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Finally, KeyCorp upped their price objective on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,335.00.

Hedge Funds Weigh In On Netflix

Institutional investors and hedge funds have recently bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new position in Netflix in the 2nd quarter worth approximately $31,000. Stephens Consulting LLC boosted its holdings in Netflix by 150.0% in the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock worth $33,000 after acquiring an additional 15 shares during the period. Halbert Hargrove Global Advisors LLC boosted its holdings in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 13 shares during the period. Rossby Financial LCC purchased a new position in Netflix in the 2nd quarter worth approximately $35,000. Finally, Maseco LLP purchased a new position in Netflix in the 2nd quarter worth approximately $39,000. Hedge funds and other 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.