Netflix, Inc. (NASDAQ:NFLX) CFO Spencer Adam Neumann Sells 686 Shares

Netflix, Inc. (NASDAQ:NFLX) CFO Spencer Adam Neumann sold 686 shares of the company’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $1,141.28, for a total transaction of $782,918.08. Following the transaction, the chief financial officer now owns 3,691 shares of the company’s stock, valued at approximately $4,212,464.48. The trade was a 15.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, May 1st, Spencer Adam Neumann sold 2,601 shares of Netflix stock. The shares were sold at an average price of $1,132.38, for a total transaction of $2,945,320.38.
• 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 value of $691,555.45.

Netflix Stock Up 1.6 %

Shares of NASDAQ NFLX opened at $1,155.41 on Thursday. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,167.35. The stock has a market capitalization of $491.71 billion, a P/E ratio of 58.27, a P/E/G ratio of 2.12 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The company has a 50-day moving average price of $978.21 and a 200-day moving average price of $926.63.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NFLX. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $975.00 to $1,200.00 in a research report on Friday, January 24th. JPMorgan Chase & Co. boosted their target price on Netflix from $1,025.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Bank of America boosted their price objective on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. BMO Capital Markets reissued an “outperform” rating and issued a $1,200.00 price target (up previously from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Finally, Citigroup reiterated a “neutral” rating on shares of Netflix in a report on Monday. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,084.91.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NFLX. Vanguard Group Inc. increased its stake in Netflix by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock worth $33,413,809,000 after purchasing an additional 171,712 shares during the period. FMR LLC increased its position in Netflix by 1.8% during the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock valued at $18,617,081,000 after purchasing an additional 375,234 shares during the period. Geode Capital Management LLC lifted its position in shares of Netflix by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock worth $8,287,823,000 after purchasing an additional 175,596 shares during the period. GAMMA Investing LLC raised its position in shares of Netflix by 109,524.3% in the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock worth $8,239,576,000 after acquiring an additional 8,827,662 shares in the last quarter. Finally, Norges Bank purchased a new position in Netflix during the fourth quarter valued at $5,019,087,000. 80.93% of the stock is currently owned by 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.