Insider Selling: Netflix, Inc. (NASDAQ:NFLX) CEO Sells 5,821 Shares of Stock

Netflix, Inc. (NASDAQ:NFLXGet Free Report) CEO Gregory K. Peters sold 5,821 shares of Netflix stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total transaction of $3,492,600.00. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $7,854,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Netflix Price Performance

Shares of NASDAQ NFLX traded down $5.19 during midday trading on Wednesday, reaching $596.48. The company’s stock had a trading volume of 2,603,738 shares, compared to its average volume of 5,349,981. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. The company has a 50 day moving average price of $529.96 and a 200 day moving average price of $461.46. Netflix, Inc. has a one year low of $285.33 and a one year high of $605.36. The company has a market cap of $258.13 billion, a price-to-earnings ratio of 49.67, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22.

Netflix (NASDAQ:NFLXGet Free Report) last released its earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The business had revenue of $8.83 billion during the quarter, compared to the consensus estimate of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 earnings per share. On average, equities research analysts expect that Netflix, Inc. will post 16.93 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. VitalStone Financial LLC increased its position in shares of Netflix by 933.3% in the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 56 shares in the last quarter. Aspect Partners LLC purchased a new position in Netflix during the fourth quarter valued at approximately $32,000. Authentikos Wealth Advisory LLC purchased a new position in Netflix during the third quarter valued at approximately $25,000. Beaird Harris Wealth Management LLC grew its position in Netflix by 1,550.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 62 shares in the last quarter. Finally, Spartan Planning & Wealth Management purchased a new position in Netflix during the third quarter valued at approximately $26,000. 79.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NFLX shares. TD Cowen lifted their price target on shares of Netflix from $565.00 to $600.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. BMO Capital Markets raised their price objective on shares of Netflix from $566.00 to $638.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Wedbush raised their price objective on shares of Netflix from $525.00 to $615.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Evercore ISI raised their price objective on shares of Netflix from $500.00 to $600.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Finally, Guggenheim lifted their price target on shares of Netflix from $500.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average target price of $556.82.

Read Our Latest Research Report on NFLX

About Netflix

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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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Insider Buying and Selling by Quarter for Netflix (NASDAQ:NFLX)

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