Netflix, Inc. (NASDAQ:NFLX) CEO Sells $758,889.18 in Stock

Netflix, Inc. (NASDAQ:NFLX) CEO Gregory K. Peters sold 1,278 shares of Netflix stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $593.81, for a total transaction of $758,889.18. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $7,772,972.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Netflix Trading Up 0.6 %

Shares of NFLX stock opened at $609.47 on Thursday. The business has a 50-day moving average price of $602.85 and a two-hundred day moving average price of $531.62. Netflix, Inc. has a 12-month low of $329.51 and a 12-month high of $639.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The firm has a market cap of $262.66 billion, a P/E ratio of 42.29, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter in the previous year, the company posted $2.88 EPS. Netflix’s quarterly revenue was up 14.8% compared to the same quarter last year. Equities analysts anticipate that Netflix, Inc. will post 18.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Netflix

Institutional investors have recently made changes to their positions in the business. Valued Wealth Advisors LLC boosted its position in Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after buying an additional 20 shares during the period. Indiana Trust & Investment Management CO boosted its holdings in Netflix by 112.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 28 shares during the period. VitalStone Financial LLC boosted its holdings in Netflix by 933.3% during the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 56 shares during the period. Scarborough Advisors LLC bought a new position in Netflix during the 4th quarter worth approximately $32,000. Finally, Authentikos Wealth Advisory LLC purchased a new position in Netflix in the 3rd quarter worth approximately $25,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research reports. Bank of America lifted their price target on shares of Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Seaport Res Ptn cut Netflix from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. BMO Capital Markets restated an “outperform” rating and issued a $713.00 price objective (up from $638.00) on shares of Netflix in a research note on Wednesday, April 17th. CICC Research began coverage on shares of Netflix in a report on Thursday, May 2nd. They set an “outperform” rating and a $650.00 price objective on the stock. Finally, Barclays lifted their target price on shares of Netflix from $475.00 to $550.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $631.15.

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.