Theodore Sarandos, Co-CEO of Netflix Inc (NFLX, Financial), executed a sale of 68,957 shares in the company on February 9, 2024, according to a recent SEC Filing.
Netflix Inc, the world's leading streaming entertainment service, offers a wide variety of award-winning TV shows, movies, anime, documentaries, and more on thousands of internet-connected devices. The company also produces its own original content.
Over the past year, the insider has sold a total of 124,343 shares and has not made any purchases. The recent transaction is part of a series of sales by the insider, contributing to the total of 39 insider sells over the past year, with no insider buys recorded in the same period.
On the date of the sale, shares of Netflix Inc were trading at $561.33, giving the company a market capitalization of $241.384 billion. The price-earnings ratio stood at 46.45, above the industry median of 18.07 but below the historical median for the company.
The stock's price-to-GF-Value ratio was 1.23, indicating that Netflix Inc was considered Modestly Overvalued according to the GF Value, which was $458.06 at the time. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.
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.
