Netflix, Inc. (NASDAQ:NFLX) CEO Sells $3,184,200.00 in Stock

Netflix, Inc. (NASDAQ:NFLX) CEO Gregory K. Peters sold 4,392 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total value of $3,184,200.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at $9,490,250. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Netflix Stock Performance

Shares of NFLX stock opened at $707.35 on Friday. The stock has a market cap of $304.87 billion, a PE ratio of 49.09, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. The stock has a 50-day moving average of $669.62 and a 200-day moving average of $644.66. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. Netflix, Inc. has a one year low of $344.73 and a one year high of $725.26.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating the consensus estimate of $4.74 by $0.14. The firm had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.29 earnings per share. As a group, sell-side analysts expect that Netflix, Inc. will post 19.08 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on NFLX. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. Benchmark increased their target price on shares of Netflix from $450.00 to $545.00 and gave the stock a “sell” rating in a research report on Tuesday, July 16th. The Goldman Sachs Group boosted their price target on shares of Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. KeyCorp raised their price objective on shares of Netflix from $707.00 to $735.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Finally, Sanford C. Bernstein boosted their target price on Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $685.29.

Institutional Trading of Netflix

Several hedge funds have recently added to or reduced their stakes in NFLX. Wellington Management Group LLP raised its position in shares of Netflix by 540.9% during the fourth quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock worth $1,888,503,000 after purchasing an additional 3,273,592 shares during the period. GQG Partners LLC acquired a new position in shares of Netflix in the first quarter valued at approximately $1,450,476,000. Jennison Associates LLC increased its position in shares of Netflix by 17.0% during the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after acquiring an additional 929,193 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in shares of Netflix during the first quarter worth $436,514,000. Finally, Jericho Capital Asset Management L.P. bought a new stake in Netflix in the 1st quarter valued at $372,293,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

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.