Netflix, Inc. (NASDAQ:NFLX - Get Free Report) CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total value of $2,397,393.72. Following the transaction, the chief financial officer now owns 3,691 shares of the company's stock, valued at approximately $3,402,068.52. This trade represents a 41.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
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 stock was 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 transaction of $9,784,100.00.
Netflix Stock Performance
NASDAQ:NFLX opened at $935.52 on Thursday. The firm has a market capitalization of $400.18 billion, a PE ratio of 47.18, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. 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, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The stock's 50-day simple moving average is $974.03 and its 200 day simple moving average is $873.22.
Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts' consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix's revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.11 EPS. On average, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.
Hedge Funds Weigh In On Netflix
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Netflix in the fourth quarter valued at approximately $5,019,087,000. Proficio Capital Partners LLC boosted its holdings in shares of Netflix by 123,836.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock worth $1,716,662,000 after buying an additional 1,924,423 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Netflix by 59.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock worth $2,051,016,000 after buying an additional 856,307 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Netflix by 318.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock worth $870,752,000 after buying an additional 743,724 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Netflix by 14.3% in the 4th quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock valued at $4,076,903,000 after acquiring an additional 570,674 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have issued reports on NFLX shares. BMO Capital Markets reiterated an "outperform" rating and issued a $1,175.00 price target (up from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Canaccord Genuity Group raised Netflix from a "hold" rating to a "buy" rating and increased their price target for the company from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Seaport Res Ptn upgraded Netflix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. UBS Group reiterated a "buy" rating on shares of Netflix in a research note on Monday, March 10th. Finally, Morgan Stanley raised their target price on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $1,021.02.
Read Our Latest Analysis on Netflix
Netflix Company Profile
(
Get Free Report)
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.
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