Insider Selling: Netflix, Inc. (NASDAQ:NFLX) CEO Sells $4,500,510.00 in Stock

Netflix, Inc. (NASDAQ:NFLX) CEO Gregory K. Peters sold 4,434 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $1,015.00, for a total transaction of $4,500,510.00. Following the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $13,144,250. This represents a 25.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Netflix Price Performance

Shares of NFLX opened at $1,013.93 on Monday. The firm has a market cap of $433.72 billion, a PE ratio of 51.13, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,027.76. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The business’s 50 day moving average price is $917.36 and its two-hundred day moving average price is $791.20.

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Evercore ISI raised their target price on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Sanford C. Bernstein raised Netflix from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $975.00 to $1,200.00 in a report on Friday, January 24th. Jefferies Financial Group increased their target price on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Morgan Stanley boosted their price target on Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Canaccord Genuity Group upgraded shares of Netflix from a “hold” rating to a “buy” rating and increased their price objective for the stock from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

Hedge Funds Weigh In On Netflix

A number of large investors have recently modified their holdings of NFLX. Sequoia Financial Advisors LLC lifted its stake in shares of Netflix by 14.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 14,074 shares of the Internet television network’s stock valued at $12,545,000 after buying an additional 1,758 shares in the last quarter. Warwick Investment Management Inc. raised its holdings in shares of Netflix by 3.5% in the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock worth $266,000 after acquiring an additional 10 shares during the last quarter. Summit X LLC lifted its position in Netflix by 5.7% in the 4th quarter. Summit X LLC now owns 710 shares of the Internet television network’s stock valued at $632,000 after acquiring an additional 38 shares in the last quarter. Warburton Capital Management LLC acquired a new position in Netflix during the 4th quarter valued at about $207,000. Finally, Natural Investments LLC bought a new stake in Netflix during the 4th quarter worth approximately $1,357,000. 80.93% of the stock is currently owned by institutional investors.

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.