Netflix, Inc. (NASDAQ:NFLX) CEO Gregory K. Peters Sells 4,783 Shares

Netflix, Inc. (NASDAQ:NFLX) CEO Gregory K. Peters sold 4,783 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $675.00, for a total value of $3,228,525.00. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,835,750. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Netflix Trading Up 1.0 %

Shares of NASDAQ:NFLX opened at $675.83 on Tuesday. The business’s 50 day moving average price is $616.48 and its 200-day moving average price is $571.10. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $682.71. The firm has a market capitalization of $291.28 billion, a price-to-earnings ratio of 46.90, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.77. The business had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same period last year, the firm posted $2.88 earnings per share. On average, equities research analysts forecast that Netflix, Inc. will post 18.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NFLX shares. CICC Research assumed coverage on Netflix in a research note on Thursday, May 2nd. They issued an “outperform” rating and a $650.00 price target for the company. Rosenblatt Securities lifted their target price on shares of Netflix from $540.00 to $554.00 and gave the stock a “neutral” rating in a research note on Friday, May 17th. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. UBS Group lifted their price objective on shares of Netflix from $570.00 to $685.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Finally, Wells Fargo & Company upped their target price on Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $632.06.

Institutional Investors Weigh In On Netflix

Several institutional investors have recently bought and sold shares of NFLX. Chelsea Counsel Co. purchased a new position in shares of Netflix in the first quarter valued at approximately $61,000. American Trust acquired a new position in Netflix in the 1st quarter valued at $288,000. OMC Financial Services LTD purchased a new position in Netflix in the 1st quarter valued at $1,065,000. EverSource Wealth Advisors LLC boosted its stake in Netflix by 8.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,277 shares of the Internet television network’s stock worth $2,598,000 after purchasing an additional 345 shares during the last quarter. Finally, Westwood Holdings Group Inc. grew its holdings in shares of Netflix by 24.8% during the first quarter. Westwood Holdings Group Inc. now owns 3,570 shares of the Internet television network’s stock worth $2,168,000 after buying an additional 710 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.