Netflix, Inc. (NASDAQ:NFLX) CEO Gregory K. Peters Sells 4,434 Shares

Netflix, Inc. (NASDAQ:NFLX) CEO Gregory K. Peters sold 4,434 shares of Netflix stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $1,015.00, for a total value of $4,500,510.00. Following the sale, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at approximately $13,144,250. The trade was a 25.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Netflix Price Performance

Netflix stock opened at $1,013.93 on Friday. The business has a 50 day simple moving average of $914.82 and a 200 day simple moving average of $787.62. 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 market capitalization of $433.72 billion, a PE ratio of 51.13, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,027.76.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period last year, the business earned $2.11 earnings per share. The business’s revenue was up 16.0% on a year-over-year basis. On average, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Netflix

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix in the 3rd quarter worth approximately $25,000. Pathway Financial Advisers LLC boosted its stake in Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 14 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the last quarter. Newton One Investments LLC bought a new stake in shares of Netflix during the fourth quarter worth $34,000. Finally, MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix in the third quarter valued at $37,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NFLX. Robert W. Baird lifted their price target on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Citigroup lifted their target price on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Pivotal Research increased their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. StockNews.com cut shares of Netflix from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Piper Sandler restated an “overweight” rating and set a $1,100.00 target price (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Company Profile

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.