Netflix, Inc. (NASDAQ:NFLX) CEO Sells $3,139,500.00 in Stock

Netflix, Inc. (NASDAQ:NFLX) CEO Gregory K. Peters sold 4,186 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $9,817,500. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Netflix Trading Down 2.0 %

Shares of Netflix stock opened at $749.29 on Thursday. The company has a market capitalization of $322.94 billion, a P/E ratio of 52.00, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The stock has a fifty day simple moving average of $703.23 and a 200 day simple moving average of $657.75. Netflix, Inc. has a 12-month low of $395.62 and a 12-month high of $773.00. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Jefferies Financial Group raised their target price on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. China Renaissance assumed coverage on Netflix in a research report on Thursday, September 5th. They set a “hold” rating and a $680.00 price objective for the company. Piper Sandler reiterated an “overweight” rating and issued a $840.00 target price (up from $800.00) on shares of Netflix in a report on Friday, October 18th. Oppenheimer raised their price target on shares of Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Finally, TD Cowen upped their price objective on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $747.70.

Institutional Trading of Netflix

Institutional investors have recently made changes to their positions in the company. Denver PWM LLC bought a new stake in Netflix in the 2nd quarter worth about $25,000. Valued Wealth Advisors LLC grew its holdings in shares of 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 acquiring an additional 20 shares in the last quarter. Indiana Trust & Investment Management CO increased its position in shares of Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 28 shares during the last quarter. Proffitt & Goodson Inc. lifted its holdings in Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 38 shares during the period. Finally, AlphaMark Advisors LLC boosted its position in Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares during the last quarter. Institutional investors 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.