Netflix, Inc. (NASDAQ:NFLX) CFO Spencer Adam Neumann Sells 10,000 Shares of Stock

Netflix, Inc. (NASDAQ:NFLX) CFO Spencer Adam Neumann sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $978.41, for a total transaction of $9,784,100.00. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at $3,611,311.31. This trade represents a 73.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Wednesday, November 6th, Spencer Adam Neumann sold 433 shares of Netflix stock. The shares were sold at an average price of $772.10, for a total transaction of $334,319.30.

Netflix Price Performance

NASDAQ:NFLX opened at $978.94 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a fifty day simple moving average of $904.67 and a 200 day simple moving average of $779.53. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $999.00. The stock has a market capitalization of $418.75 billion, a PE ratio of 49.37, a P/E/G ratio of 2.02 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the previous year, the business posted $2.11 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Netflix

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Enzi Wealth boosted its position in Netflix by 3.4% during the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock worth $316,000 after purchasing an additional 11 shares during the period. TCI Wealth Advisors Inc. lifted its holdings in shares of Netflix by 1.6% during the fourth quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock worth $624,000 after buying an additional 11 shares in the last quarter. Blossom Wealth Management lifted its holdings in shares of Netflix by 0.9% during the fourth quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network’s stock worth $1,112,000 after buying an additional 11 shares in the last quarter. Everett Harris & Co. CA lifted its holdings in shares of Netflix by 1.3% during the fourth quarter. Everett Harris & Co. CA now owns 870 shares of the Internet television network’s stock worth $775,000 after buying an additional 11 shares in the last quarter. Finally, Beacon Financial Advisory LLC lifted its holdings in shares of Netflix by 0.9% during the fourth quarter. Beacon Financial Advisory LLC now owns 1,285 shares of the Internet television network’s stock worth $1,145,000 after buying an additional 11 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NFLX shares. Needham & Company LLC increased their price target on shares of Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. TD Cowen increased their price target on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. increased their price target on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Evercore ISI increased their price target on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Finally, Arete Research upgraded shares of Netflix to a “hold” rating in a research report on Thursday, January 23rd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

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.