Netflix (NASDAQ:NFLX) Stock: Insider Gregory Peters Sells 27,312 Shares

Netflix, Inc. (NASDAQ:NFLX) CEO Gregory Peters sold 27,312 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $63.62, for a total value of $1,737,589.44. Following the completion of the sale, the chief executive officer directly owned 119,412 shares in the company, valued at approximately $7,596,991.44. The trade was a 18.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $64.54 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.07 and a current ratio of 1.07. The business’s fifty day moving average price is $70.00 and its two-hundred day moving average price is $80.65. The stock has a market cap of $265.02 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 0.93 and a beta of 1.62. Netflix, Inc. has a one year low of $61.39 and a one year high of $116.73.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. Netflix had a net margin of 29.69% and a return on equity of 42.69%. The business had revenue of $12.87 billion during the quarter, compared to analyst estimates of $12.87 billion. During the same quarter in the previous year, the business posted $0.59 earnings per share. The company’s revenue was up 11.9% on a year-over-year basis. On average, analysts forecast that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Institutional Trading of Netflix

Several large investors have recently bought and sold shares of NFLX. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Netflix in the second quarter valued at $26,000. Pathway Financial Advisers LLC acquired a new stake in Netflix during the 3rd quarter valued at $26,000. Sawyer & Company Inc purchased a new stake in Netflix during the 3rd quarter worth $27,000. Compound Global Advisors LLC purchased a new stake in Netflix during the 2nd quarter worth $29,000. Finally, Burnham & Co LLC purchased a new stake in Netflix during the 2nd quarter worth $29,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix News Summary

These are some of the NFLX news items that stood out recently:

• Positive Sentiment: A steep valuation reset has brought NFLX below 18 times earnings, which some investors may view as an attractive entry point if growth stabilizes. Article: Netflix trades under 18x earnings after a steep valuation reset
• Neutral Sentiment: A lender is marketing a loan tied to a Hollywood office campus fully leased to Netflix through 2031. The loan is associated with the property owner, Clarion Partners, rather than being reported as Netflix’s own debt. Article: Clarion Partners’ loan on Netflix-occupied Hollywood campus hits market
• Negative Sentiment: Co-CEO Gregory Peters sold 27,312 shares, reducing his direct holdings by 18.61%. The sale may add to near-term caution, although the filing alone does not establish the reason for the transaction. Article: Netflix CEO Gregory Peters Sells 27,312 Shares

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NFLX shares. Deutsche Bank set a $93.00 target price on Netflix in a report on Wednesday, October 21st. Wells Fargo & Company cut shares of Netflix from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $80.00 to $57.00 in a research report on Friday, September 18th. Seaport Research Partners set a $85.00 price objective on shares of Netflix in a research note on Wednesday, October 21st. Morgan Stanley set a $77.00 price objective on shares of Netflix and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Finally, Rothschild & Co Redburn dropped their price objective on shares of Netflix from $120.00 to $93.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $89.14.

About Netflix

Netflix, Inc. is an entertainment company that offers subscription-based streaming of television series, films, documentaries and other programming. Its service also includes mobile games and, in some markets, advertising-supported viewing plans. Netflix produces and licenses content, including titles made under its Netflix brand. Founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental business, the company launched its streaming service in 2007 and later expanded into original programming.