Ann Mather Sells Shares of Netflix, Inc.

On Monday, February 3rd, Ann Mather, a director at Netflix, Inc. (NASDAQ:NFLX - Get Free Report), sold 2,682 shares of the company's stock. The shares were sold at an average price of $973.00, resulting in a total transaction value of $2,609,586.00. This sale was disclosed in a filing with the SEC, which is available for review.

Netflix Stock Performance

Following the transaction, Netflix's stock showed a positive movement during mid-day trading on the following Tuesday, rising by $15.93 to a trading price of $994.87. The trading volume on that day was 5,990,621 shares, which significantly surpassed the average volume of 4,548,154 shares. The company is currently recognized with a market capitalization of $425.57 billion. Its P/E ratio stands at 50.17, while the P/E/G ratio is calculated at 2.02. Additionally, Netflix has a beta value of 1.27. The company's debt-to-equity ratio is 0.56, and both its current and quick ratios are 1.22. Over the past year, Netflix has seen its stock price fluctuate between a low of $542.01 and a high of $1,008.00.

Recent Earnings Reports

Netflix last reported its earnings results on January 21st. The Internet television network disclosed earnings per share (EPS) of $4.27 for the quarter, which exceeded the analysts' consensus estimate of $4.20 by $0.07. The company's return on equity was 38.32%, and it achieved a net margin of 22.34%. Netflix reported revenue of $10.25 billion for the quarter, also surpassing the anticipated $10.14 billion. Compared to the same period last year, revenue climbed by 16.0%, with last year's EPS recorded at $2.11. Analysts currently anticipate that Netflix will report 24.58 EPS for the current year.

Institutional Investments in Netflix

In recent months, various institutional investors and hedge funds have adjusted their positions in Netflix. For instance, RPg Family Wealth Advisory LLC made a new investment in Netflix valued at approximately $25,000 during the third quarter. Pathway Financial Advisers LLC increased its stake in Netflix by 82.4% in the fourth quarter, now holding 31 shares valued at $27,000. E Fund Management Hong Kong Co. Ltd. raised its stake by a staggering 700.0% in the third quarter, owning 48 shares valued at $34,000. Other notable investors include Newton One Investments LLC and MidAtlantic Capital Management Inc., who also acquired new shares in the company. Collectively, institutional investors own approximately 80.93% of Netflix's shares.

Stock Ratings and Price Targets

Netflix has recently been the subject of multiple analyst review reports. Canaccord Genuity Group upgraded Netflix from a 'hold' to a 'buy' rating, adjusting their target price from $940.00 to $1,150.00. Citigroup also raised its price target on Netflix from $725.00 to $920.00 with a 'neutral' rating. Furthermore, KeyCorp increased its price objective from $1,000.00 to $1,100.00, giving it an 'overweight' rating. Barclays and Macquarie also upgraded their ratings and price targets for Netflix. In summary, among 36 analysts, ten have given a 'hold' rating, twenty-five a 'buy' rating, and one rated it as a 'strong buy.' MarketBeat data indicates a consensus average rating of 'Moderate Buy' and a target price of $1,021.70.

About Netflix, Inc.

Netflix, Inc. is a provider of entertainment services that offers an extensive range of TV series, documentaries, feature films, and games across various genres and languages. The company allows its members to stream content on several internet-connected devices, including televisions, digital video players, set-top boxes, and mobile devices.

Netflix, shares, transaction