Netflix (NASDAQ:NFLX) CFO Spencer Adam Neumann Sells 2,600 Shares

Netflix, Inc. (NASDAQ:NFLX) CFO Spencer Adam Neumann sold 2,600 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the completion of the sale, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at approximately $4,327,734.41. The trade was a 41.33% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, September 2nd, Spencer Adam Neumann sold 2,600 shares of Netflix stock. The stock was sold at an average price of $1,207.76, for a total value of $3,140,176.00.
• On Wednesday, August 6th, Spencer Adam Neumann sold 685 shares of Netflix stock. The stock was sold at an average price of $1,161.21, for a total value of $795,428.85.
• On Friday, August 1st, Spencer Adam Neumann sold 2,601 shares of Netflix stock. The stock was sold at an average price of $1,162.40, for a total value of $3,023,402.40.

Netflix Stock Down 0.8%

NFLX opened at $1,153.32 on Friday. The business has a 50 day moving average price of $1,207.36 and a 200 day moving average price of $1,160.35. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market cap of $490.08 billion, a P/E ratio of 49.14, a price-to-earnings-growth ratio of 1.94 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same period in the previous year, the company earned $4.88 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Institutional Trading of Netflix

Several large investors have recently made changes to their positions in NFLX. Norges Bank bought a new stake in shares of Netflix during the second quarter worth $7,929,645,000. Laurel Wealth Advisors LLC lifted its stake in shares of Netflix by 128,553.9% during the second quarter. Laurel Wealth Advisors LLC now owns 4,881,129 shares of the Internet television network’s stock valued at $6,536,466,000 after acquiring an additional 4,877,335 shares during the period. Nuveen LLC acquired a new position in shares of Netflix during the first quarter valued at $2,385,585,000. Kingstone Capital Partners Texas LLC lifted its stake in shares of Netflix by 343,058.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock valued at $3,299,450,000 after acquiring an additional 2,463,158 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Netflix by 57.3% during the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock valued at $3,164,134,000 after acquiring an additional 1,236,251 shares during the period. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NFLX shares. Needham & Company LLC reiterated a “buy” rating and set a $1,500.00 price target on shares of Netflix in a report on Wednesday, September 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Netflix in a report on Saturday, September 27th. Canaccord Genuity Group reiterated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Zacks Research lowered Netflix from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Finally, Barclays reiterated a “sell” rating and set a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,335.00.

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.