On May 3, 2024, Gregory Peters, Co-Chief Executive Officer of Netflix Inc (NFLX, Financial), sold 1,278 shares of the company. The transaction was reported in a recent SEC Filing. Following this sale, over the past year, the insider has sold a total of 40,147 shares of Netflix Inc, while no shares were purchased.
Netflix Inc, a leader in the streaming entertainment service sector, provides a wide variety of award-winning TV series, documentaries, feature films, and mobile games across a wide variety of genres and languages. Members can watch as much as they want, anytime, anywhere, on any internet-connected screen.
The shares were sold at a price of $593.81, valuing the transaction at approximately $758,671.38. This sale occurred when the stock's market cap was approximately $260.26 billion, reflecting a significant size in the entertainment industry.
The company's current price-earnings ratio stands at 41.92, which is above the industry median of 19. This indicates a higher valuation compared to its peers.
According to the GF Value, the intrinsic value of Netflix Inc is estimated at $476.72 per share, making the current price of $593.81 seem modestly overvalued with a price-to-GF-Value ratio of 1.25.
Over the past year, there have been no insider buys and 48 insider sells at Netflix Inc, suggesting a trend where insiders are choosing to sell shares rather than purchase more.
This insider activity and the current valuation metrics provide investors with a snapshot of the company's recent financial and market position.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
