Netflix, Inc. (NASDAQ:NFLX) CEO Gregory K. Peters Sells 5,352 Shares

Netflix, Inc. (NASDAQ:NFLXGet Free Report) CEO Gregory K. Peters sold 5,352 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,181,250. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Netflix Stock Performance

NASDAQ:NFLX opened at $620.74 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. Netflix, Inc. has a 12-month low of $293.54 and a 12-month high of $627.41. The stock has a 50-day moving average price of $565.17 and a 200 day moving average price of $480.37. The stock has a market capitalization of $268.63 billion, a P/E ratio of 51.69, a P/E/G ratio of 1.68 and a beta of 1.22.

Netflix (NASDAQ:NFLXGet Free Report) last announced its quarterly 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). Netflix had a net margin of 16.04% and a return on equity of 24.76%. The firm had revenue of $8.83 billion for the quarter, compared to the consensus estimate of $8.72 billion. During the same period in the previous year, the company posted $0.12 earnings per share. Netflix’s quarterly revenue was up 12.5% on a year-over-year basis. Equities research analysts forecast that Netflix, Inc. will post 17.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Netflix

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. VitalStone Financial LLC increased its holdings in Netflix by 933.3% during the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 56 shares during the period. Aspect Partners LLC purchased a new position in shares of Netflix in the 4th quarter valued at $32,000. Scarborough Advisors LLC purchased a new position in shares of Netflix in the 4th quarter valued at $32,000. Authentikos Wealth Advisory LLC purchased a new position in shares of Netflix in the 3rd quarter valued at $25,000. Finally, Beaird Harris Wealth Management LLC increased its holdings in shares of Netflix by 1,550.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 62 shares during the period. 79.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Evercore ISI lifted their price target on shares of Netflix from $600.00 to $640.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Pivotal Research boosted their target price on Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Sanford C. Bernstein increased their target price on shares of Netflix from $390.00 to $490.00 and gave the company a “market perform” rating in a research report on Wednesday, January 24th. Finally, DZ Bank upgraded Netflix from a “hold” rating to a “buy” rating and set a $600.00 price target on the stock in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $572.88.

Read Our Latest Stock Report on NFLX

About Netflix

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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.

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