Insider Selling: Netflix, Inc. (NASDAQ:NFLX) CFO Sells $9,784,100.00 in Stock

Netflix, Inc. (NASDAQ:NFLX) CFO Spencer Adam Neumann sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $978.41, for a total transaction of $9,784,100.00. Following the transaction, the chief financial officer now directly owns 3,691 shares of the company’s stock, valued at approximately $3,611,311.31. This trade represents a 73.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 value of $334,319.30.

Netflix Stock Up 1.6 %

Shares of NFLX opened at $1,011.11 on Thursday. The stock has a fifty day simple moving average of $909.38 and a two-hundred day simple moving average of $784.44. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $432.51 billion, a PE ratio of 50.99, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,011.83.

Netflix (NASDAQ:NFLX) last issued its earnings results 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 company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm earned $2.11 earnings per share. Netflix’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. SRS Capital Advisors Inc. raised its position in Netflix by 315.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 4,696 shares of the Internet television network’s stock valued at $4,186,000 after purchasing an additional 3,566 shares during the period. Asahi Life Asset Management CO. LTD. increased its position in shares of Netflix by 61.1% during the 4th quarter. Asahi Life Asset Management CO. LTD. now owns 1,115 shares of the Internet television network’s stock worth $994,000 after purchasing an additional 423 shares during the last quarter. Bailard Inc. raised its holdings in Netflix by 1.1% in the 4th quarter. Bailard Inc. now owns 23,882 shares of the Internet television network’s stock valued at $21,287,000 after buying an additional 267 shares during the period. IFG Advisors LLC acquired a new position in Netflix in the fourth quarter valued at about $284,000. Finally, Kohmann Bosshard Financial Services LLC boosted its stake in Netflix by 3.2% during the fourth quarter. Kohmann Bosshard Financial Services LLC now owns 716 shares of the Internet television network’s stock worth $638,000 after buying an additional 22 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on NFLX shares. Evercore ISI raised their target price on Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. UBS Group raised their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Morgan Stanley boosted their target price on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Piper Sandler restated an “overweight” rating and set a $1,100.00 price target (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Finally, Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

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.