Netflix (NASDAQ:NFLX) CEO Gregory Peters Sells 2,027 Shares

Netflix, Inc. (NASDAQ:NFLX) CEO Gregory Peters sold 2,027 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $1,095.68, for a total value of $2,220,943.36. Following the completion of the sale, the chief executive officer directly owned 12,781 shares of the company’s stock, valued at $14,003,886.08. The trade was a 13.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Netflix Stock Performance

Shares of Netflix stock opened at $1,098.46 on Thursday. Netflix, Inc. has a one year low of $757.38 and a one year high of $1,341.15. The firm has a market capitalization of $465.45 billion, a price-to-earnings ratio of 45.88, a PEG ratio of 1.91 and a beta of 1.58. The business has a 50-day simple moving average of $1,188.11 and a 200 day simple moving average of $1,197.53. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33.

Netflix’s stock is going to split before the market opens on Monday, November 17th. The 10-1 split was announced on Thursday, October 30th. The newly issued shares will be issued to shareholders after the market closes on Friday, November 14th.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, missing the consensus estimate of $6.88 by ($1.01). The firm had revenue of $11.51 billion for the quarter, compared to the consensus estimate of $11.52 billion. Netflix had a net margin of 24.05% and a return on equity of 41.86%. The company’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.40 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. On average, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Canaccord Genuity Group restated a “buy” rating and set a $1,525.00 price target on shares of Netflix in a research note on Wednesday, October 22nd. Citic Securities decreased their target price on shares of Netflix from $1,280.00 to $1,250.00 and set a “hold” rating for the company in a research report on Wednesday, October 29th. KGI Securities raised shares of Netflix from a “neutral” rating to an “outperform” rating and set a $1,350.00 target price for the company in a research report on Monday. Itau BBA Securities began coverage on Netflix in a report on Tuesday, October 7th. They set an “outperform” rating and a $1,514.00 price objective for the company. Finally, TD Cowen decreased their price objective on Netflix from $1,450.00 to $1,425.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $1,340.22.

Hedge Funds Weigh In On Netflix

Several institutional investors have recently modified their holdings of the business. Canvas Wealth Advisors LLC grew its holdings in shares of Netflix by 3.2% in the third quarter. Canvas Wealth Advisors LLC now owns 1,011 shares of the Internet television network’s stock valued at $1,166,000 after acquiring an additional 31 shares in the last quarter. Key Financial Inc grew its stake in Netflix by 28.3% in the 3rd quarter. Key Financial Inc now owns 521 shares of the Internet television network’s stock valued at $610,000 after purchasing an additional 115 shares during the period. Fullcircle Wealth LLC grew its stake in Netflix by 7.4% in the 3rd quarter. Fullcircle Wealth LLC now owns 275 shares of the Internet television network’s stock valued at $301,000 after purchasing an additional 19 shares during the period. Plato Investment Management Ltd grew its stake in Netflix by 0.5% in the 3rd quarter. Plato Investment Management Ltd now owns 11,096 shares of the Internet television network’s stock valued at $13,202,000 after purchasing an additional 52 shares during the period. Finally, MCF Advisors LLC grew its stake in Netflix by 0.7% in the 3rd quarter. MCF Advisors LLC now owns 1,348 shares of the Internet television network’s stock valued at $1,616,000 after purchasing an additional 10 shares during the period. 80.93% of the stock is owned by institutional investors.

About Netflix

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.