Insider Selling: Netflix, Inc. (NASDAQ:NFLX) CFO Sells 564 Shares of Stock

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) CFO Spencer Adam Neumann sold 564 shares of Netflix stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $613.08, for a total value of $345,777.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Netflix Stock Down 0.2 %

Shares of NFLX traded down $1.22 on Friday, hitting $610.87. 2,651,222 shares of the stock traded hands, compared to its average volume of 4,359,322. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. Netflix, Inc. has a one year low of $329.61 and a one year high of $639.00. The company has a market capitalization of $263.26 billion, a PE ratio of 42.30, a P/E/G ratio of 1.40 and a beta of 1.23. The business has a 50 day simple moving average of $603.29 and a 200 day simple moving average of $532.72.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same period in the prior year, the company posted $2.88 EPS. The firm's revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, equities analysts forecast that Netflix, Inc. will post 18.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NFLX. Robert W. Baird raised their target price on Netflix from $500.00 to $600.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 24th. Loop Capital raised their price objective on Netflix from $585.00 to $700.00 and gave the stock a "buy" rating in a research report on Monday, March 18th. Seaport Res Ptn downgraded shares of Netflix from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 30th. TD Cowen boosted their target price on Netflix from $600.00 to $725.00 and gave the stock a "buy" rating in a research report on Monday, April 8th. Finally, Canaccord Genuity Group restated a "hold" rating and issued a $585.00 price objective (down previously from $720.00) on shares of Netflix in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and an average price target of $631.15.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital World Investors raised its position in shares of Netflix by 0.7% in the 4th quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network's stock valued at $5,718,265,000 after purchasing an additional 78,320 shares during the last quarter. Jennison Associates LLC lifted its position in Netflix by 17.0% during the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network's stock valued at $3,875,655,000 after purchasing an additional 929,193 shares during the period. Norges Bank acquired a new stake in Netflix during the 4th quarter worth about $2,558,598,000. Northern Trust Corp raised its stake in shares of Netflix by 2.1% during the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network's stock valued at $1,749,712,000 after buying an additional 96,938 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of Netflix by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 4,121,104 shares of the Internet television network's stock valued at $2,006,483,000 after buying an additional 78,298 shares during the period. 80.93% of the stock is currently 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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