Netflix (NASDAQ:NFLX) CFO Sells $3,048,526.00 in Stock

Netflix, Inc. (NASDAQ:NFLX) CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the completion of the sale, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at $4,327,734.41. This trade represents a 41.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Spencer Adam Neumann also recently made the following trade(s):

• On Tuesday, September 2nd, Spencer Adam Neumann sold 2,600 shares of Netflix stock. The shares were sold at an average price of $1,207.76, for a total value of $3,140,176.00.
• On Wednesday, August 6th, Spencer Adam Neumann sold 685 shares of Netflix stock. The shares were sold at an average price of $1,161.21, for a total value of $795,428.85.
• On Friday, August 1st, Spencer Adam Neumann sold 2,601 shares of Netflix stock. The shares were sold at an average price of $1,162.40, for a total value of $3,023,402.40.

Netflix Stock Performance

NFLX stock opened at $1,153.32 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market capitalization of $490.08 billion, a price-to-earnings ratio of 49.14, a PEG ratio of 1.94 and a beta of 1.59. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The stock’s fifty day moving average is $1,207.36 and its two-hundred day moving average is $1,160.35.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on NFLX. UBS Group reiterated a “market underperform” rating on shares of Netflix in a research note on Saturday, July 19th. Phillip Securities cut shares of Netflix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Netflix in a report on Saturday, September 27th. Robert W. Baird lifted their target price on Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Finally, Zacks Research lowered Netflix from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,335.00.

Institutional Investors Weigh In On Netflix

A number of institutional investors have recently bought and sold shares of NFLX. Norges Bank acquired a new stake in shares of Netflix during the 2nd quarter valued at about $7,929,645,000. Laurel Wealth Advisors LLC grew its stake in shares of Netflix by 128,553.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,881,129 shares of the Internet television network’s stock valued at $6,536,466,000 after buying an additional 4,877,335 shares in the last quarter. Nuveen LLC bought a new stake in shares of Netflix in the 1st quarter valued at approximately $2,385,585,000. Kingstone Capital Partners Texas LLC grew its stake in shares of Netflix by 343,058.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock valued at $3,299,450,000 after buying an additional 2,463,158 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Netflix by 57.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock valued at $3,164,134,000 after buying an additional 1,236,251 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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.