Spencer Adam Neumann Sells 433 Shares of Netflix, Inc. (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $772.10, for a total transaction of $334,319.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, August 8th, Spencer Adam Neumann sold 433 shares of Netflix stock. The shares were sold at an average price of $626.19, for a total value of $271,140.27.

Netflix Price Performance

Shares of NFLX opened at $796.54 on Friday. The company’s 50-day moving average is $717.59 and its 200-day moving average is $667.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $340.49 billion, a PE ratio of 45.08, a PEG ratio of 1.46 and a beta of 1.25. Netflix, Inc. has a fifty-two week low of $433.68 and a fifty-two week high of $798.22.

Wall Street Analyst Weigh In

A number of research firms have commented on NFLX. Jefferies Financial Group boosted their price objective on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Wells Fargo & Company increased their price objective on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Loop Capital boosted their target price on shares of Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Sanford C. Bernstein increased their price target on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Finally, Oppenheimer boosted their price objective on shares of Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $748.15.

Hedge Funds Weigh In On Netflix

A number of hedge funds have recently bought and sold shares of NFLX. Fifth Third Wealth Advisors LLC grew its position in Netflix by 13.7% during the third quarter. Fifth Third Wealth Advisors LLC now owns 6,918 shares of the Internet television network’s stock worth $4,907,000 after buying an additional 832 shares in the last quarter. BIP Wealth LLC bought a new stake in shares of Netflix during the 3rd quarter valued at $260,000. Prospera Financial Services Inc increased its position in shares of Netflix by 112.4% in the third quarter. Prospera Financial Services Inc now owns 16,524 shares of the Internet television network’s stock worth $11,719,000 after purchasing an additional 8,746 shares during the period. Meeder Asset Management Inc. raised its stake in Netflix by 119.7% in the third quarter. Meeder Asset Management Inc. now owns 35,774 shares of the Internet television network’s stock valued at $25,373,000 after purchasing an additional 19,492 shares in the last quarter. Finally, Whalen Wealth Management Inc. raised its stake in Netflix by 47.7% in the third quarter. Whalen Wealth Management Inc. now owns 2,496 shares of the Internet television network’s stock valued at $1,770,000 after purchasing an additional 806 shares in the last quarter. 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.