Netflix, Inc. (NASDAQ:NFLX) CFO Sells $2,397,393.72 in Stock

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,402,068.52. This represents a 41.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• 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 transaction of $691,555.45.
• On Thursday, January 30th, Spencer Adam Neumann sold 10,000 shares of Netflix stock. The shares were sold at an average price of $978.41, for a total value of $9,784,100.00.

Netflix Price Performance

Shares of NASDAQ NFLX traded down $61.19 during mid-day trading on Friday, hitting $855.86. 6,781,959 shares of the stock were exchanged, compared to its average volume of 3,625,380. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The stock's fifty day simple moving average is $970.24 and its two-hundred day simple moving average is $875.80. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $366.10 billion, a P/E ratio of 43.16, a PEG ratio of 2.12 and a beta of 1.55.

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

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of recent analyst reports. Evercore ISI upped their price target on shares of Netflix from $950.00 to $1,100.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Piper Sandler restated an "overweight" rating and set a $1,100.00 target price (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Wolfe Research upgraded shares of Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 target price on the stock in a research report on Thursday, January 23rd. StockNews.com downgraded Netflix from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Barclays raised shares of Netflix from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and an average price target of $1,023.74.

Hedge Funds Weigh In On Netflix

Institutional investors and hedge funds have recently modified their holdings of the business. Pathway Financial Advisers LLC grew its stake in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after acquiring an additional 14 shares in the last quarter. Brown Shipley& Co Ltd bought a new position in Netflix in the fourth quarter valued at approximately $27,000. Transce3nd LLC acquired a new position in shares of Netflix during the 4th quarter worth approximately $32,000. Newton One Investments LLC acquired a new position in shares of Netflix during the 4th quarter worth approximately $34,000. Finally, Pineridge Advisors LLC raised its stake in shares of Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after purchasing an additional 40 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.