Netflix, Inc. (NASDAQ:NFLX) CFO Spencer Adam Neumann Sells 2,601 Shares of Stock

Netflix, Inc. (NASDAQ:NFLX) CFO Spencer Adam Neumann sold 2,601 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were 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 in the company, valued at $3,402,068.52. This represents a 41.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 shares were 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 shares were sold at an average price of $978.41, for a total transaction of $9,784,100.00.

Netflix Stock Up 0.8 %

NASDAQ:NFLX opened at $935.52 on Thursday. 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 12-month low of $542.01 and a 12-month high of $1,064.50. The stock’s fifty day simple moving average is $974.03 and its 200-day simple moving average is $873.22. The firm has a market capitalization of $400.18 billion, a P/E ratio of 47.18, a P/E/G ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.11 EPS. Equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Institutional Investors Weigh In On Netflix

Large investors have recently bought and sold shares of the company. Brown Shipley& Co Ltd acquired a new position in shares of Netflix in the 4th quarter valued at $27,000. Pathway Financial Advisers LLC grew 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 valued at $27,000 after acquiring an additional 14 shares during the period. Transce3nd LLC bought a new stake in shares of Netflix in the fourth quarter worth about $32,000. Newton One Investments LLC bought a new stake in shares of Netflix in the fourth quarter worth about $34,000. Finally, Pineridge Advisors LLC lifted its holdings in shares of Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after purchasing an additional 40 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of analyst reports. Robert W. Baird upped their target price on shares of Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $975.00 to $1,200.00 in a research note on Friday, January 24th. Phillip Securities downgraded Netflix from a “hold” rating to a “moderate sell” rating in a research report on Friday, January 24th. Needham & Company LLC upped their price target on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group lifted their price objective on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,021.02.

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.