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

Netflix, Inc. (NASDAQ:NFLX) CEO Gregory K. Peters sold 1,278 shares of the 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 transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $7,772,972.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Netflix Stock Performance

NFLX opened at $596.97 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. Netflix, Inc. has a 52-week low of $322.03 and a 52-week high of $639.00. The firm has a market cap of $257.27 billion, a P/E ratio of 41.43, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23. The business’s fifty day moving average is $602.76 and its 200-day moving average is $530.17.

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

Analysts Set New Price Targets

Several analysts recently issued reports on NFLX shares. Evercore ISI upped their target price on Netflix from $640.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, April 19th. Wedbush reissued an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a report on Friday, April 19th. Pivotal Research boosted their target price on shares of Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Canaccord Genuity Group cut shares of Netflix from a “buy” rating to a “hold” rating and cut their price target for the company from $720.00 to $585.00 in a research note on Friday, April 19th. Finally, Needham & Company LLC upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $700.00 price objective on the stock in a research note on Friday, April 19th. 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $631.15.

Institutional Trading of Netflix

Large investors have recently made changes to their positions in the company. Authentikos Wealth Advisory LLC acquired a new stake in shares of Netflix in the 3rd quarter valued at $25,000. Spartan Planning & Wealth Management bought a new stake in shares of Netflix during the 3rd quarter worth $26,000. Valued Wealth Advisors LLC boosted its stake in Netflix by 80.0% in 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 in the last quarter. Carmel Capital Partners LLC boosted its stake in Netflix by 290.0% in the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after buying an additional 58 shares in the last quarter. Finally, VitalStone Financial LLC grew its position in Netflix by 933.3% in the fourth 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 last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

About Netflix

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.