Netflix, Inc. (NASDAQ:NFLX - Get Free Report) CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $1,211.67, for a total value of $3,151,553.67. Following the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at $4,472,273.97. The trade was a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Spencer Adam Neumann also recently made the following trade(s):
- On Tuesday, May 6th, Spencer Adam Neumann sold 686 shares of Netflix stock. The shares were sold at an average price of $1,141.28, for a total transaction of $782,918.08.
- On Thursday, May 1st, Spencer Adam Neumann sold 2,601 shares of Netflix stock. The shares were sold at an average price of $1,132.38, for a total transaction of $2,945,320.38.
- 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 transaction of $2,397,393.72.
Netflix Stock Up 0.8%
NASDAQ NFLX traded up $9.69 on Thursday, reaching $1,249.35. The company had a trading volume of 1,989,636 shares, compared to its average volume of 4,553,672. The firm has a market capitalization of $531.69 billion, a price-to-earnings ratio of 63.00, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,262.81. The company's fifty day moving average is $1,075.18 and its 200-day moving average is $982.47.
Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the prior year, the business earned $8.28 EPS. On average, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. KeyCorp lifted their target price on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Macquarie lifted their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Loop Capital restated a "hold" rating on shares of Netflix in a research report on Monday, March 24th. Needham & Company LLC restated a "buy" rating and issued a $1,126.00 price objective on shares of Netflix in a research report on Thursday, April 17th. Finally, Moffett Nathanson restated a "buy" rating and issued a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,149.91.
Check Out Our Latest Report on Netflix
Hedge Funds Weigh In On Netflix
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Halbert Hargrove Global Advisors LLC boosted 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 worth $25,000 after purchasing an additional 13 shares during the period. Pathway Financial Advisers LLC grew its holdings in shares of Netflix by 82.4% in the 4th 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 in the last quarter. Brown Shipley& Co Ltd bought a new position in shares of Netflix in the 4th quarter valued at about $27,000. Transce3nd LLC bought a new position in shares of Netflix in the 4th quarter valued at about $32,000. Finally, Newton One Investments LLC bought a new position in shares of Netflix in the 4th quarter valued at about $34,000. 80.93% of the stock is owned by institutional investors and hedge funds.
About Netflix
(
Get Free Report)
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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