Gregory K. Peters Sells 1,278 Shares of Netflix, Inc. (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLXGet Free Report) CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $566.35, for a total value of $723,795.30. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $7,413,521.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Netflix Stock Performance

Shares of NFLX stock opened at $558.53 on Friday. The stock has a market cap of $241.71 billion, a PE ratio of 46.51, a price-to-earnings-growth ratio of 1.51 and a beta of 1.22. The business has a 50-day simple moving average of $498.40 and a 200-day simple moving average of $446.63. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.69. Netflix, Inc. has a 52-week low of $285.33 and a 52-week high of $579.64.

Netflix (NASDAQ:NFLXGet Free Report) last released its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The business had revenue of $8.83 billion during the quarter, compared to analyst estimates of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 EPS. On average, equities analysts expect that Netflix, Inc. will post 16.93 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NFLX shares. Morgan Stanley boosted their target price on Netflix from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Benchmark increased their target price on Netflix from $350.00 to $425.00 and gave the company a “sell” rating in a report on Friday, January 19th. KeyCorp raised their price objective on Netflix from $545.00 to $580.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. BMO Capital Markets raised their price objective on Netflix from $566.00 to $638.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Finally, Wells Fargo & Company increased their target price on Netflix from $460.00 to $650.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $553.33.

Check Out Our Latest Report on NFLX

Hedge Funds Weigh In On Netflix

A number of large investors have recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Netflix during the fourth quarter valued at approximately $1,501,762,000. Moneta Group Investment Advisors LLC grew its position in shares of Netflix by 117,939.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,742,048 shares of the Internet television network’s stock valued at $808,575,000 after purchasing an additional 2,739,725 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Netflix by 15,039.1% in the fourth quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock valued at $1,010,553,000 after purchasing an additional 2,061,859 shares in the last quarter. Jennison Associates LLC grew its position in shares of Netflix by 40.6% in the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after purchasing an additional 1,573,978 shares in the last quarter. Finally, Portside Wealth Group LLC purchased a new position in Netflix in the second quarter worth approximately $574,761,000. Institutional investors and hedge funds own 79.95% of the company’s stock.

Netflix Company Profile

(Get Free Report)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

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