Netflix, Inc. (NASDAQ:NFLX) CFO Sells $334,319.30 in Stock

Netflix, Inc. (NASDAQ:NFLX) CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $772.10, for a total value of $334,319.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Spencer Adam Neumann also recently made the following trade(s):

• On Thursday, August 8th, Spencer Adam Neumann sold 433 shares of Netflix stock. The shares were sold at an average price of $626.19, for a total value of $271,140.27.

Netflix Stock Down 0.2 %

Shares of NASDAQ NFLX opened at $795.04 on Friday. The business has a 50-day simple moving average of $721.55 and a two-hundred day simple moving average of $670.54. The company has a market cap of $339.85 billion, a P/E ratio of 44.99, a P/E/G ratio of 1.50 and a beta of 1.25. Netflix, Inc. has a 52 week low of $434.35 and a 52 week high of $799.06. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. The Goldman Sachs Group set a $750.00 price target on Netflix in a report on Friday, October 18th. Evercore ISI lifted their price target on shares of Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Benchmark restated a “sell” rating and set a $545.00 price objective on shares of Netflix in a report on Tuesday, October 15th. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Finally, Pivotal Research boosted their target price on shares of Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $748.15.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Denver PWM LLC purchased a new stake in Netflix during the second quarter valued at about $25,000. Proffitt & Goodson Inc. grew its stake in Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 38 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares in the last quarter. AlphaMark Advisors LLC lifted its holdings in shares of Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after purchasing an additional 45 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new position in Netflix during the third quarter valued at $37,000. 80.93% of the stock is 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.