Netflix (NASDAQ:NFLX) CFO Sells $760,177.10 in Stock

Netflix, Inc. (NASDAQ:NFLX) CFO Spencer Adam Neumann sold 695 shares of Netflix stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $1,093.78, for a total value of $760,177.10. Following the sale, the chief financial officer owned 3,681 shares of the company’s stock, valued at approximately $4,026,204.18. This trade represents a 15.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, November 3rd, Spencer Adam Neumann sold 2,360 shares of Netflix stock. The stock was sold at an average price of $1,097.56, for a total transaction of $2,590,241.60.
• On Monday, November 3rd, Spencer Adam Neumann sold 240 shares of Netflix stock. The shares were sold at an average price of $1,121.67, for a total transaction of $269,200.80.
• On Wednesday, October 1st, Spencer Adam Neumann sold 2,600 shares of Netflix stock. The shares were sold at an average price of $1,172.51, for a total transaction of $3,048,526.00.
• On Tuesday, September 2nd, Spencer Adam Neumann sold 2,600 shares of Netflix stock. The stock was sold at an average price of $1,207.76, for a total transaction of $3,140,176.00.

Netflix Stock Performance

Netflix stock opened at $1,103.66 on Friday. Netflix, Inc. has a fifty-two week low of $788.65 and a fifty-two week high of $1,341.15. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market cap of $467.66 billion, a P/E ratio of 46.10, a price-to-earnings-growth ratio of 1.91 and a beta of 1.58. The firm’s fifty day moving average price is $1,183.33 and its 200-day moving average price is $1,197.63.

Netflix shares are set to split on the morning of Monday, November 17th. The 10-1 split was announced on Thursday, October 30th. The newly created shares will be issued to shareholders after the market closes on Friday, November 14th.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on NFLX shares. Robert W. Baird upped their target price on Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Cowen reaffirmed a “buy” rating on shares of Netflix in a research note on Tuesday, October 7th. Erste Group Bank lowered shares of Netflix from a “buy” rating to a “hold” rating in a report on Friday, October 31st. Itau BBA Securities started coverage on shares of Netflix in a research report on Tuesday, October 7th. They issued an “outperform” rating and a $1,514.00 target price on the stock. Finally, Wedbush cut their price target on shares of Netflix from $1,500.00 to $1,400.00 and set an “outperform” rating for the company in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,340.22.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NFLX. Compass Wealth Management LLC bought a new stake in shares of Netflix in the 3rd quarter worth approximately $1,881,000. VeraBank N.A. raised its holdings in shares of Netflix by 14.0% during the third quarter. VeraBank N.A. now owns 179 shares of the Internet television network’s stock valued at $215,000 after acquiring an additional 22 shares in the last quarter. Cumberland Partners Ltd lifted its stake in Netflix by 20.9% in the third quarter. Cumberland Partners Ltd now owns 2,890 shares of the Internet television network’s stock worth $3,465,000 after acquiring an additional 500 shares during the period. King Luther Capital Management Corp boosted its holdings in Netflix by 7.9% in the third quarter. King Luther Capital Management Corp now owns 139,938 shares of the Internet television network’s stock valued at $167,774,000 after acquiring an additional 10,279 shares in the last quarter. Finally, CFO4Life Group LLC increased its position in Netflix by 3.9% during the 3rd quarter. CFO4Life Group LLC now owns 454 shares of the Internet television network’s stock valued at $544,000 after purchasing an additional 17 shares during the period. Institutional investors own 80.93% of the company’s stock.

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.