Theodore Sarandos Sells 2,027 Shares of Netflix (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) CEO Theodore Sarandos sold 2,027 shares of Netflix stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $1,092.08, for a total transaction of $2,213,646.16. Following the completion of the transaction, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $16,564,669.44. The trade was a 11.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Netflix Trading Down 0.1%

NASDAQ:NFLX opened at $1,097.02 on Friday. The stock has a market capitalization of $464.84 billion, a price-to-earnings ratio of 45.82, a PEG ratio of 1.91 and a beta of 1.58. Netflix, Inc. has a 52 week low of $779.94 and a 52 week high of $1,341.15. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average of $1,185.43 and a 200 day moving average of $1,196.83.

Netflix shares are going to split on Monday, November 17th. The 10-1 split was announced on Thursday, October 30th. The newly minted shares will be issued to shareholders after the closing bell 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 analysts’ consensus estimates of $6.88 by ($1.01). Netflix had a return on equity of 41.86% and a net margin of 24.05%.The business had revenue of $11.51 billion for the quarter, compared to analyst estimates of $11.52 billion. During the same period in the previous year, the company posted $5.40 earnings per share. The business’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. As a group, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Institutional Trading of Netflix

A number of hedge funds and other institutional investors have recently made changes to their positions in NFLX. Legacy Investment Solutions LLC purchased a new position in shares of Netflix during the 2nd quarter valued at about $31,000. Retirement Wealth Solutions LLC acquired a new stake in Netflix during the third quarter worth about $28,000. Stephens Consulting LLC grew its holdings in Netflix by 150.0% during the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock worth $33,000 after acquiring an additional 15 shares during the period. Rossby Financial LCC purchased a new position in Netflix during the second quarter valued at approximately $35,000. Finally, Steph & Co. lifted its holdings in Netflix by 188.9% in the third quarter. Steph & Co. now owns 26 shares of the Internet television network’s stock valued at $31,000 after acquiring an additional 17 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NFLX. KeyCorp raised their price target on Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Guggenheim reaffirmed a “buy” rating and issued a $1,450.00 price objective on shares of Netflix in a research report on Wednesday, October 22nd. Citic Securities dropped their target price on shares of Netflix from $1,280.00 to $1,250.00 and set a “hold” rating on the stock in a research report on Wednesday, October 29th. Benchmark restated a “hold” rating on shares of Netflix in a research note on Wednesday, October 22nd. Finally, Argus set a $1,410.00 price objective on shares of Netflix in a research note on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average price target of $1,340.22.

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.