Netflix (NASDAQ:NFLX) CEO Sells $8,773,476.14 in Stock

by · The Cerbat Gem

Netflix, Inc. (NASDAQ:NFLXGet Free Report) CEO Gregory Peters sold 105,781 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $82.94, for a total value of $8,773,476.14. Following the completion of the sale, the chief executive officer owned 122,140 shares in the company, valued at $10,130,291.60. The trade was a 46.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Netflix Stock Performance

NASDAQ NFLX traded up $0.33 on Friday, hitting $83.49. 45,646,155 shares of the stock were exchanged, compared to its average volume of 50,112,308. The company has a market capitalization of $352.51 billion, a PE ratio of 33.04, a P/E/G ratio of 1.48 and a beta of 1.71. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.19 and a quick ratio of 1.33. The business’s fifty day moving average is $94.18 and its 200 day moving average is $110.14. Netflix, Inc. has a 52 week low of $81.93 and a 52 week high of $134.12.

Netflix (NASDAQ:NFLXGet Free Report) last issued its quarterly earnings data on Tuesday, January 20th. The Internet television network reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $12.05 billion during the quarter, compared to the consensus estimate of $11.97 billion. Netflix had a net margin of 24.30% and a return on equity of 43.26%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. Research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NFLX shares. Canaccord Genuity Group set a $125.00 price objective on shares of Netflix and gave the stock a “buy” rating in a report on Wednesday, January 21st. Barclays reissued a “neutral” rating and issued a $110.00 price target on shares of Netflix in a report on Friday, December 5th. Redburn Partners set a $120.00 price objective on Netflix in a research report on Wednesday, January 21st. Rothschild & Co Redburn lowered their price objective on shares of Netflix from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, January 21st. Finally, Pivotal Research cut their price target on Netflix from $105.00 to $95.00 and set a “hold” rating for the company in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating and seventeen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $116.17.

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Institutional Trading of Netflix

Several institutional investors have recently bought and sold shares of the business. Sigma Planning Corp lifted its stake in shares of Netflix by 952.8% in the fourth quarter. Sigma Planning Corp now owns 79,537 shares of the Internet television network’s stock worth $7,571,000 after buying an additional 71,982 shares in the last quarter. Cullinan Associates Inc. grew its position in shares of Netflix by 953.8% during the fourth quarter. Cullinan Associates Inc. now owns 13,700 shares of the Internet television network’s stock worth $1,285,000 after acquiring an additional 12,400 shares during the last quarter. Citizens Financial Group Inc. RI lifted its stake in shares of Netflix by 911.0% in the 4th quarter. Citizens Financial Group Inc. RI now owns 166,666 shares of the Internet television network’s stock worth $15,627,000 after acquiring an additional 150,181 shares during the period. Mogy Joel R Investment Counsel Inc. grew its position in Netflix by 909.4% during the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 263,908 shares of the Internet television network’s stock worth $24,744,000 after buying an additional 237,764 shares during the period. Finally, New York State Teachers Retirement System raised its position in shares of Netflix by 867.0% during the 4th quarter. New York State Teachers Retirement System now owns 3,440,631 shares of the Internet television network’s stock worth $322,594,000 after purchasing an additional 3,084,818 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

About Netflix

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Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

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