Spencer Adam Neumann Sells 10,000 Shares of Netflix, Inc. (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) CFO Spencer Adam Neumann sold 10,000 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $978.41, for a total value of $9,784,100.00. Following the transaction, the chief financial officer now owns 3,691 shares of the company’s stock, valued at approximately $3,611,311.31. This represents a 73.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Wednesday, November 6th, Spencer Adam Neumann sold 433 shares of Netflix stock. The shares were sold at an average price of $772.10, for a total value of $334,319.30.

Netflix Trading Up 1.6 %

NASDAQ:NFLX opened at $994.87 on Wednesday. The stock’s 50 day moving average price is $906.93 and its 200 day moving average price is $781.90. The company has a market capitalization of $425.57 billion, a PE ratio of 50.17, a P/E/G ratio of 2.02 and a beta of 1.27. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,008.00.

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

Analysts Set New Price Targets

A number of brokerages recently commented on NFLX. Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Arete Research upgraded Netflix to a “hold” rating in a report on Thursday, January 23rd. Oppenheimer raised their target price on Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Guggenheim raised their target price on Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Citigroup raised their target price on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Enzi Wealth increased its holdings in shares of Netflix by 3.4% in the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock valued at $316,000 after purchasing an additional 11 shares during the period. TCI Wealth Advisors Inc. increased its holdings in shares of Netflix by 1.6% in the fourth quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock valued at $624,000 after purchasing an additional 11 shares during the period. Blossom Wealth Management increased its holdings in shares of Netflix by 0.9% in the fourth quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network’s stock valued at $1,112,000 after purchasing an additional 11 shares during the period. Everett Harris & Co. CA increased its holdings in shares of Netflix by 1.3% in the fourth quarter. Everett Harris & Co. CA now owns 870 shares of the Internet television network’s stock valued at $775,000 after purchasing an additional 11 shares during the period. Finally, Beacon Financial Advisory LLC increased its holdings in shares of Netflix by 0.9% in the fourth quarter. Beacon Financial Advisory LLC now owns 1,285 shares of the Internet television network’s stock valued at $1,145,000 after purchasing an additional 11 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

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.