Spencer Adam Neumann Sells 10,000 Shares of Netflix, Inc. (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) CFO Spencer Adam Neumann sold 10,000 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $978.41, for a total value of $9,784,100.00. Following the completion of the sale, the chief financial officer now owns 3,691 shares of the company’s stock, valued at $3,611,311.31. This trade represents a 73.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, November 6th, Spencer Adam Neumann sold 433 shares of Netflix stock. The shares were sold at an average price of $772.10, for a total value of $334,319.30.

Netflix Price Performance

Shares of Netflix stock traded up $2.18 during trading on Monday, reaching $978.94. 3,712,937 shares of the company’s stock were exchanged, compared to its average volume of 4,478,944. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $999.00. The company has a market cap of $418.75 billion, a P/E ratio of 49.37, a PEG ratio of 2.02 and a beta of 1.27. The firm’s 50-day moving average price is $904.67 and its 200 day moving average price is $779.53.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.11 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Institutional Investors Weigh In On Netflix

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Enzi Wealth grew its position in Netflix by 3.4% during the 4th quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock worth $316,000 after acquiring an additional 11 shares during the last quarter. TCI Wealth Advisors Inc. grew its position in shares of Netflix by 1.6% in the 4th quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock valued at $624,000 after buying an additional 11 shares during the last quarter. Blossom Wealth Management grew its position in shares of Netflix by 0.9% in the 4th quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network’s stock valued at $1,112,000 after buying an additional 11 shares during the last quarter. Everett Harris & Co. CA grew its position in shares of Netflix by 1.3% in the 4th quarter. Everett Harris & Co. CA now owns 870 shares of the Internet television network’s stock valued at $775,000 after buying an additional 11 shares during the last quarter. Finally, Beacon Financial Advisory LLC grew its position in shares of Netflix by 0.9% in the 4th quarter. Beacon Financial Advisory LLC now owns 1,285 shares of the Internet television network’s stock valued at $1,145,000 after buying an additional 11 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Phillip Securities lowered Netflix from a “hold” rating to a “moderate sell” rating in a research report on Friday, January 24th. KeyCorp raised their price target on Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Wedbush reiterated an “outperform” rating and set a $1,150.00 target price (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. TD Cowen lifted their target price on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

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.