Netflix (NASDAQ:NFLX) CFO Sells $3,048,526.00 in Stock

Key Points

• Netflix CFO Spencer Adam Neumann sold 2,600 shares of the company's stock for over $3 million, reducing his ownership stake by 41.33%.
• Following the transaction, Neumann holds approximately 3,691 shares of Netflix, valued at about $4.3 million.
• Netflix's stock price is currently around $1,162.53, with a market capitalization of nearly $494 billion.

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at approximately $4,327,734.41. This represents a 41.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, September 2nd, Spencer Adam Neumann sold 2,600 shares of Netflix stock. The stock was sold at an average price of $1,207.76, for a total value of $3,140,176.00.
• 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 value 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 value of $3,023,402.40.

Netflix Price Performance

Shares of NASDAQ:NFLX traded down $8.37 on Thursday, hitting $1,162.53. The company had a trading volume of 4,677,433 shares, compared to its average volume of 3,066,606. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The business has a 50 day moving average of $1,208.27 and a 200 day moving average of $1,155.95. The company has a market cap of $493.99 billion, a PE ratio of 49.53, a PEG ratio of 1.97 and a beta of 1.59.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. UBS Group reaffirmed a "market underperform" rating on shares of Netflix in a research note on Saturday, July 19th. Wells Fargo & Company lifted their price target on Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Barclays reaffirmed a "sell" rating and issued a $1,100.00 target price (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Wedbush reaffirmed an "outperform" rating and issued a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Finally, The Goldman Sachs Group decreased their price target on Netflix from $1,310.00 to $1,300.00 and set a "neutral" rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,334.03.

Institutional Trading of Netflix

A number of hedge funds and other institutional investors have recently modified their holdings of NFLX. Vanguard Group Inc. grew its stake in shares of Netflix by 1.0% in the second quarter. Vanguard Group Inc. now owns 38,379,084 shares of the Internet television network's stock worth $51,394,583,000 after purchasing an additional 381,824 shares during the last quarter. State Street Corp grew its position in shares of Netflix by 2.1% during the 2nd quarter. State Street Corp now owns 17,444,013 shares of the Internet television network's stock valued at $23,359,801,000 after acquiring an additional 360,604 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Netflix by 2.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock valued at $10,940,505,000 after buying an additional 304,399 shares in the last quarter. Geode Capital Management LLC lifted its stake in Netflix by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 9,926,733 shares of the Internet television network's stock worth $13,234,278,000 after purchasing an additional 229,182 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Netflix during the 2nd quarter valued at $7,929,645,000. Institutional investors own 80.93% of the company's stock.

Netflix Company Profile

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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