Richard N. Barton Sells 6,364 Shares of Netflix, Inc. (NASDAQ:NFLX) Stock

On January 7th, Richard N. Barton, a director at Netflix, Inc. (NASDAQ:NFLX), sold 6,364 shares of the company's stock. The average selling price for these shares was $879.38, leading to a total transaction value of approximately $5,596,374.32. After completing this sale, Barton now owns 246 shares of Netflix, which are estimated to be worth around $216,327.48. This sale marks a significant reduction in his holdings, representing a 96.28% decrease in his position. The details of this transaction have been made public through a filing with the Securities and Exchange Commission.

Netflix Price Movement

As of last Friday, Netflix's stock opened at $875.00. Over the past year, the stock has seen considerable fluctuations, with a low of $472.95 and a high of $941.75. The company's financial health is indicated by its debt-to-equity ratio of 0.62, alongside a quick ratio of 1.13 and a current ratio of 1.13. The 50-day moving average for the stock stands at $876.43, while the 200-day moving average is $751.52. Currently, Netflix, Inc. holds a market capitalization of $374.03 billion, with a price-to-earnings ratio of 49.52 and a P/E/G ratio of 1.77, also exhibiting a beta of 1.27.

Earnings Report Highlights

Netflix recently reported its earnings on October 17th. The company achieved an earnings per share (EPS) of $5.40 for the last quarter, surpassing analyst expectations, which were set at $5.09. Additionally, Netflix's revenue for the quarter stood at $9.82 billion, exceeding predictions of $9.77 billion. The company maintained a net margin of 20.70% and a return on equity of 35.86%. Analysts forecast that Netflix, Inc. is set to report an EPS of 19.78 for the current fiscal year.

Analyst Recommendations

Netflix has been the subject of various research analyses recently. Pivotal Research has raised its price target for Netflix from $925.00 to $1,100.00 while advocating a 'buy' rating. Macquarie reaffirmed an 'outperform' rating with a price objective of $795.00. In additional reports, Piper Sandler maintained an 'overweight' rating and increased their target price from $800.00 to $840.00. Citigroup revised their price target to $920.00 from $725.00, while also giving the stock a 'neutral' rating. Finally, Wedbush retained an 'outperform' rating and increased their target to $950.00. Overall, despite a few sell ratings, Netflix currently holds a consensus rating of "Moderate Buy" with an average price target around $824.30.

Institutional Investor Activity

Recently, numerous hedge funds and institutional investors have altered their positions in Netflix. State Street Corp increased its stake by 2.6% in the third quarter, accumulating 16,951,347 shares worth about $12 billion after purchasing an additional 426,740 shares. Geode Capital Management LLC expanded their holdings by 1.4%, now holding 9,148,356 shares valued at $6.46 billion. Jennison Associates LLC heightened its investments by 4.7% in the same period. Other significant changes include International Assets Investment Management LLC increasing its position dramatically, and Wellington Management Group LLP making slight additions to their holdings. Currently, institutional investors and hedge funds own about 80.93% of Netflix’s stock.

Netflix Overview

Netflix, Inc. specializes in providing various entertainment services, including TV shows, documentaries, feature films, and games, catering to diverse genres and languages. The company offers streaming services that allow members to access content on numerous internet-connected devices, such as televisions, digital video players, set-top boxes, and mobile devices.

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