Insider Selling: Netflix, Inc. (NASDAQ:NFLX) CEO Sells 68,957 Shares of Stock

Netflix, Inc. (NASDAQ:NFLXGet Free Report) CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the sale, the chief executive officer now owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Netflix Trading Down 0.6 %

NASDAQ NFLX traded down $3.47 during trading on Monday, hitting $557.85. The stock had a trading volume of 3,594,763 shares, compared to its average volume of 6,010,997. The stock has a market capitalization of $241.42 billion, a price-to-earnings ratio of 46.47, a P/E/G ratio of 1.53 and a beta of 1.22. The stock has a 50 day simple moving average of $500.31 and a 200 day simple moving average of $447.87. Netflix, Inc. has a one year low of $285.33 and a one year high of $579.64. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NFLX shares. Piper Sandler increased their price target on Netflix from $475.00 to $550.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. TD Cowen increased their price target on Netflix from $565.00 to $600.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Citigroup increased their price target on Netflix from $500.00 to $555.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. Macquarie raised shares of Netflix from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $410.00 to $595.00 in a report on Wednesday, January 24th. Finally, Evercore ISI increased their price objective on shares of Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $553.33.

Read Our Latest Stock Report on Netflix

Hedge Funds Weigh In On Netflix

A number of institutional investors have recently modified their holdings of the stock. Authentikos Wealth Advisory LLC purchased a new position in Netflix during the third quarter valued at approximately $25,000. Spartan Planning & Wealth Management purchased a new position in Netflix during the third quarter valued at approximately $26,000. Carmel Capital Partners LLC increased its holdings in Netflix by 290.0% during 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 during the period. Blue Bell Private Wealth Management LLC increased its holdings in Netflix by 89.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after buying an additional 35 shares during the period. Finally, Evermay Wealth Management LLC increased its holdings in Netflix by 94.9% during the first quarter. Evermay Wealth Management LLC now owns 115 shares of the Internet television network’s stock valued at $40,000 after buying an additional 56 shares during the period. 79.95% of the stock is owned by hedge funds and other institutional investors.

Netflix Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Netflix (NASDAQ:NFLX)

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