Netflix, Inc. (NASDAQ:NFLX) CFO Sells $2,554,312.05 in Stock

Netflix, Inc. (NASDAQ:NFLX) CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $982.05, for a total value of $2,554,312.05. Following the completion of the transaction, the chief financial officer now owns 3,691 shares of the company’s stock, valued at $3,624,746.55. This trade represents a 41.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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.
• On Thursday, January 30th, Spencer Adam Neumann sold 10,000 shares of Netflix stock. The stock was sold at an average price of $978.41, for a total value of $9,784,100.00.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $906.36 on Friday. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The stock’s 50 day moving average price is $950.59 and its 200-day moving average price is $839.12. The company has a market capitalization of $387.70 billion, a PE ratio of 45.71, a PEG ratio of 2.12 and a beta of 1.27. 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 announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.11 EPS. On average, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Institutional Trading of Netflix

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Swedbank AB grew its stake in Netflix by 1.8% in the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after buying an additional 8,024 shares in the last quarter. Clear Creek Financial Management LLC grew its stake in Netflix by 2.3% in the 3rd quarter. Clear Creek Financial Management LLC now owns 759 shares of the Internet television network’s stock worth $538,000 after buying an additional 17 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in Netflix by 29.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 6,243 shares of the Internet television network’s stock worth $4,428,000 after buying an additional 1,405 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Netflix by 8.4% in the 3rd quarter. Van ECK Associates Corp now owns 80,364 shares of the Internet television network’s stock valued at $60,216,000 after purchasing an additional 6,215 shares in the last quarter. Finally, Blue Square Asset Management LLC boosted its stake in shares of Netflix by 2.8% in the 3rd quarter. Blue Square Asset Management LLC now owns 3,267 shares of the Internet television network’s stock valued at $2,317,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Canaccord Genuity Group upgraded Netflix from a “hold” rating to a “buy” rating and lifted their price target for the company from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Evercore ISI lifted their price target on Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Finally, KeyCorp lifted their price target on Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Ten research 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

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.