Insider Selling: Netflix, Inc. (NASDAQ:NFLX) CFO Sells 2,601 Shares of Stock

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $1,132.38, for a total transaction of $2,945,320.38. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $4,179,614.58. This represents a 41.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Spencer Adam Neumann also recently made the following trade(s):

• On Tuesday, April 1st, Spencer Adam Neumann sold 2,601 shares of Netflix stock. The shares were sold at an average price of $921.72, for a total value of $2,397,393.72.
• 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.

Netflix Stock Performance

NFLX traded up $23.02 during trading on Friday, hitting $1,156.49. 3,766,329 shares of the company traded hands, compared to its average volume of 3,722,034. The firm has a market cap of $492.17 billion, a P/E ratio of 58.32, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. 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 one year low of $580.25 and a one year high of $1,159.44. The stock's fifty day moving average is $968.34 and its 200 day moving average is $919.35.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same quarter last year, the business posted $8.28 EPS. As a group, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Netflix

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC grew its stake in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares in the last quarter. Brown Shipley& Co Ltd bought a new position in shares of Netflix in the fourth quarter worth $27,000. Pathway Financial Advisers LLC lifted its holdings in Netflix by 82.4% during the 4th 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. Transce3nd LLC bought a new position in Netflix in the 4th quarter worth about $32,000. Finally, Newton One Investments LLC purchased a new position in Netflix during the 4th quarter valued at about $34,000. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Netflix from $1,025.00 to $1,150.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Macquarie upped their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a report on Monday, April 21st. Seaport Res Ptn upgraded Netflix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. The Goldman Sachs Group boosted their target price on Netflix from $850.00 to $960.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Finally, Pivotal Research increased their price target on Netflix from $1,250.00 to $1,350.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,084.91.

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.