Insider Selling: Netflix (NASDAQ:NFLX) CFO Sells 2,600 Shares of Stock

Key Points

• Netflix CFO Spencer Adam Neumann sold 2,600 shares of the company at an average price of $1,207.76, totaling approximately $3.14 million, which constitutes a 41.33% decrease in his ownership stake.
• Following the sale, Neumann's remaining shares are valued at about $4.46 million, with the total shares owned dropping to 3,691.
• Despite the insider selling, Netflix shares increased to $1,226.18, with a market capitalization of $521.04 billion and a 52-week high of $1,341.15.

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) CFO Spencer Adam Neumann sold 2,600 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following the sale, the chief financial officer owned 3,691 shares of the company's stock, valued at approximately $4,457,842.16. This represents a 41.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, August 6th, Spencer Adam Neumann sold 685 shares of Netflix stock. The shares were sold at an average price of $1,161.21, for a total transaction of $795,428.85.
• On Friday, August 1st, Spencer Adam Neumann sold 2,601 shares of Netflix stock. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40.
• On Tuesday, July 1st, Spencer Adam Neumann sold 2,601 shares of Netflix stock. The shares were sold at an average price of $1,307.22, for a total transaction of $3,400,079.22.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $12.07 during midday trading on Wednesday, reaching $1,226.18. The company's stock had a trading volume of 2,464,635 shares, compared to its average volume of 2,584,598. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a fifty-two week low of $660.80 and a fifty-two week high of $1,341.15. The business's 50 day moving average price is $1,227.93 and its two-hundred day moving average price is $1,120.98. The company has a market cap of $521.04 billion, a P/E ratio of 52.24, a P/E/G ratio of 2.03 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the previous year, the business earned $4.88 earnings per share. The firm's quarterly revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wall Street Zen downgraded shares of Netflix from a "buy" rating to a "hold" rating in a research report on Saturday. Wells Fargo & Company upped their price target on shares of Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. The Goldman Sachs Group upped their price target on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Wedbush reissued an "outperform" rating and issued a $1,500.00 price objective (up previously from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. Finally, Piper Sandler upped their price target on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,297.66.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Halbert Hargrove Global Advisors LLC raised its position in shares of Netflix by 100.0% during 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 purchased a new position in shares of Netflix in the fourth quarter valued at about $27,000. Legacy Investment Solutions LLC purchased a new position in shares of Netflix in the second quarter valued at about $31,000. Stephens Consulting LLC increased its position in shares of Netflix by 150.0% in the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network's stock valued at $33,000 after acquiring an additional 15 shares during the period. Finally, Rossby Financial LCC bought a new stake in shares of Netflix during the 2nd quarter valued at about $35,000. 80.93% of the stock is owned by institutional investors.

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.

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