On October 18, 2024, Gregory Peters, Co-Chief Executive Officer of Netflix Inc (NFLX, Financial), sold 4,186 shares of the company at a price of $750 per share. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 13,090 shares of Netflix Inc.
Netflix Inc, a leader in the streaming entertainment service sector, offers 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, and can play, pause, and resume watching without commercials.
Over the past year, Gregory Peters has sold a total of 64,276 shares of Netflix Inc and has not made any purchases of the stock. This recent sale is part of a broader trend seen within the company, where there have been 53 insider sells and no insider buys over the past year.
Shares of Netflix Inc were trading at $750 on the day of the sale, giving the company a market cap of approximately $330.03 billion. The price-earnings ratio of the company stands at 43.69, which is above the industry median of 16.65.
The stock is currently considered to be Significantly Overvalued with a price-to-GF Value ratio of 1.45, based on a GF Value of $515.98. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider sale might interest investors as they evaluate the stock's current valuation and consider the broader insider selling trend at Netflix Inc.
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.
