Gregory K. Peters Sells 4,434 Shares of Netflix, Inc. (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) CEO Gregory K. Peters sold 4,434 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $1,015.00, for a total transaction of $4,500,510.00. Following the completion of the sale, the chief executive officer now owns 12,950 shares in the company, valued at $13,144,250. This represents a 25.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Netflix Stock Down 0.2 %

NFLX stock traded down $1.75 during mid-day trading on Friday, reaching $1,013.93. The company had a trading volume of 3,209,249 shares, compared to its average volume of 4,416,425. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,027.76. The company has a market capitalization of $433.72 billion, a price-to-earnings ratio of 51.13, a PEG ratio of 2.02 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a 50 day simple moving average of $914.82 and a two-hundred day simple moving average of $787.62.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.11 EPS. As a group, equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Institutional Trading of Netflix

Several hedge funds have recently added to or reduced their stakes in NFLX. AMF Tjanstepension AB boosted its holdings in Netflix by 7.4% in the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after purchasing an additional 4,701 shares during the period. Brookstone Capital Management grew its holdings in shares of Netflix by 6.4% during the 3rd quarter. Brookstone Capital Management now owns 7,486 shares of the Internet television network’s stock worth $5,310,000 after purchasing an additional 447 shares in the last quarter. Sovereign Financial Group Inc. increased its position in shares of Netflix by 42.9% in the third quarter. Sovereign Financial Group Inc. now owns 440 shares of the Internet television network’s stock worth $312,000 after purchasing an additional 132 shares during the period. Daymark Wealth Partners LLC raised its stake in Netflix by 3.2% in the third quarter. Daymark Wealth Partners LLC now owns 2,225 shares of the Internet television network’s stock valued at $1,578,000 after purchasing an additional 69 shares in the last quarter. Finally, Marcum Wealth LLC lifted its position in Netflix by 5.3% during the third quarter. Marcum Wealth LLC now owns 1,631 shares of the Internet television network’s stock worth $1,157,000 after purchasing an additional 82 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. StockNews.com lowered shares of Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Company increased their price target on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. The Goldman Sachs Group boosted their price objective on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and lifted their price target for the company from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Finally, Pivotal Research raised their price objective on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.