Spencer Adam Neumann Sells 2,601 Shares of Netflix, Inc. (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $1,132.38, for a total value of $2,945,320.38. Following the transaction, the chief financial officer now owns 3,691 shares of the company’s stock, valued at approximately $4,179,614.58. This represents a 41.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, April 1st, Spencer Adam Neumann sold 2,601 shares of Netflix stock. The shares were sold at an average price of $921.72, for a total value of $2,397,393.72.
• 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 transaction 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.

Netflix Stock Up 2.0 %

Shares of Netflix stock opened at $1,156.49 on Friday. The company has a market cap of $492.17 billion, a P/E ratio of 58.32, a PEG ratio of 2.12 and a beta of 1.55. 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 one year low of $580.25 and a one year high of $1,159.44. The firm has a fifty day moving average of $968.34 and a two-hundred day moving average of $919.35.

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

Analyst Ratings Changes

Several equities analysts have commented on NFLX shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. Wells Fargo & Company lifted their price objective on Netflix from $1,210.00 to $1,222.00 and gave the company an “overweight” rating in a research note on Monday, April 21st. Bank of America upped their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Barclays lifted their price target on shares of Netflix from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Monday, April 21st. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,084.91.

Institutional Trading of Netflix

A number of institutional investors have recently modified their holdings of NFLX. Principal Financial Group Inc. boosted its position in shares of Netflix by 13.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock worth $1,200,485,000 after purchasing an additional 198,148 shares in the last quarter. World Investment Advisors LLC boosted its holdings in Netflix by 23.5% during the third quarter. World Investment Advisors LLC now owns 2,735 shares of the Internet television network’s stock worth $1,940,000 after buying an additional 520 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in Netflix by 124.8% during the third quarter. Wilmington Savings Fund Society FSB now owns 5,732 shares of the Internet television network’s stock worth $4,066,000 after buying an additional 3,182 shares during the period. Synovus Financial Corp increased its holdings in Netflix by 43.9% in the third quarter. Synovus Financial Corp now owns 12,667 shares of the Internet television network’s stock valued at $8,984,000 after buying an additional 3,864 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Netflix by 11.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,236,539 shares of the Internet television network’s stock valued at $881,652,000 after acquiring an additional 127,541 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

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.