Spencer Adam Neumann Sells 433 Shares of Netflix, Inc. (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $772.10, for a total value of $334,319.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, August 8th, Spencer Adam Neumann sold 433 shares of Netflix stock. The stock was sold at an average price of $626.19, for a total value of $271,140.27.

Netflix Stock Up 2.1 %

Netflix stock traded up $16.30 during mid-day trading on Wednesday, hitting $780.21. The company had a trading volume of 3,687,755 shares, compared to its average volume of 3,890,906. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock’s 50 day moving average price is $717.59 and its two-hundred day moving average price is $667.98. Netflix, Inc. has a 12 month low of $431.00 and a 12 month high of $781.49. The company has a market capitalization of $333.51 billion, a PE ratio of 44.15, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25.

Analysts Set New Price Targets

Several brokerages recently weighed in on NFLX. Rosenblatt Securities lifted their price objective on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Bank of America raised their target price on Netflix from $740.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Canaccord Genuity Group raised their target price on Netflix from $750.00 to $760.00 and gave the stock a “hold” rating in a research note on Friday, October 18th. The Goldman Sachs Group set a $750.00 target price on Netflix in a research note on Friday, October 18th. Finally, Morgan Stanley lifted their price target on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $748.15.

Institutional Investors Weigh In On Netflix

Several hedge funds have recently added to or reduced their stakes in the stock. Denver PWM LLC purchased a new stake in Netflix during the second quarter valued at $25,000. Proffitt & Goodson Inc. increased its position in Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares during the last quarter. AlphaMark Advisors LLC increased its position in Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 45 shares during the last quarter. Finally, First Personal Financial Services purchased a new stake in Netflix during the third quarter valued at $40,000. 80.93% of the stock is owned by institutional investors.

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.