Gregory K. Peters Sells 1,278 Shares of Netflix, Inc. (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) CEO Gregory K. Peters sold 1,278 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.81, for a total value of $758,889.18. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $7,772,972.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Netflix Stock Up 0.6 %

NASDAQ:NFLX opened at $609.47 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. Netflix, Inc. has a 1-year low of $329.51 and a 1-year high of $639.00. The company has a 50-day moving average of $602.85 and a 200 day moving average of $531.62. The firm has a market cap of $262.66 billion, a PE ratio of 42.29, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.51 by $0.77. The firm had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.88 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 18.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Bank of America raised their price target on Netflix from $650.00 to $700.00 and gave the company a “buy” rating in a report on Friday, April 19th. Needham & Company LLC upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $700.00 price target on the stock in a research report on Friday, April 19th. Citigroup increased their price objective on shares of Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a research report on Monday, March 25th. The Goldman Sachs Group boosted their target price on shares of Netflix from $500.00 to $565.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $725.00 price target on shares of Netflix in a report on Friday, April 19th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $631.15.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Obermeyer Wood Investment Counsel Lllp grew its stake in Netflix by 2.8% in the first quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock valued at $378,000 after purchasing an additional 17 shares during the last quarter. KFA Private Wealth Group LLC boosted its holdings in shares of Netflix by 1.9% in the 4th quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock valued at $466,000 after buying an additional 18 shares in the last quarter. Legacy Capital Group California Inc. grew its position in shares of Netflix by 0.6% in the 4th quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet television network’s stock worth $1,379,000 after buying an additional 18 shares during the last quarter. Founders Financial Alliance LLC raised its stake in shares of Netflix by 2.4% during the 4th quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock worth $369,000 after acquiring an additional 18 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its position in Netflix by 4.6% during the first quarter. Capital Advisors Ltd. LLC now owns 411 shares of the Internet television network’s stock valued at $250,000 after acquiring an additional 18 shares during the last quarter. 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.