Advertisement
Australia markets close in 2 hours 18 minutes
  • ALL ORDS

    8,182.20
    -90.50 (-1.09%)
     
  • ASX 200

    7,944.70
    -91.80 (-1.14%)
     
  • AUD/USD

    0.6701
    -0.0010 (-0.15%)
     
  • OIL

    82.37
    -0.45 (-0.54%)
     
  • GOLD

    2,431.70
    -24.70 (-1.01%)
     
  • Bitcoin AUD

    95,906.55
    -933.36 (-0.96%)
     
  • CMC Crypto 200

    1,330.17
    +0.67 (+0.05%)
     
  • AUD/EUR

    0.6152
    +0.0003 (+0.05%)
     
  • AUD/NZD

    1.1116
    +0.0029 (+0.26%)
     
  • NZX 50

    12,254.29
    -75.15 (-0.61%)
     
  • NASDAQ

    19,705.09
    -94.01 (-0.47%)
     
  • FTSE

    8,204.89
    +17.43 (+0.21%)
     
  • Dow Jones

    40,665.02
    -533.08 (-1.29%)
     
  • DAX

    18,354.76
    -82.54 (-0.45%)
     
  • Hang Seng

    17,397.03
    -381.38 (-2.14%)
     
  • NIKKEI 225

    39,908.67
    -217.68 (-0.54%)
     

Insider Sale: Co-CEO Gregory Peters Sells Shares of Netflix Inc (NFLX)

On June 14, 2024, Gregory Peters, Co-Chief Executive Officer of Netflix Inc (NASDAQ:NFLX), executed a sale of 4,783 shares of the company, according to the SEC Filing. Following this transaction, the insider now owns 13,090 shares of Netflix Inc.

Netflix Inc operates as a streaming entertainment service company, offering TV series, documentaries, and feature films across a wide variety of genres and languages. The company provides a subscription-based service with content that can be watched both online and offline.

Over the past year, Gregory Peters has sold a total of 49,776 shares of Netflix Inc and has not made any purchases of the stock. This recent transaction is part of a broader trend seen within the company, where there have been 46 insider sells and no insider buys over the last year.

Insider Sale: Co-CEO Gregory Peters Sells Shares of Netflix Inc (NFLX)
Insider Sale: Co-CEO Gregory Peters Sells Shares of Netflix Inc (NFLX)

On the date of the recent sale, shares of Netflix Inc were priced at $675 each. This pricing gives the company a market cap of approximately $291.22 billion. The price-earnings ratio of the company stands at 46.90, which is above the industry median of 18.39.

ADVERTISEMENT

The stock's valuation, according to the GF Value, is set at $484.91, indicating that at the current price of $675, Netflix Inc is significantly overvalued with a price-to-GF-Value ratio of 1.39.

Insider Sale: Co-CEO Gregory Peters Sells Shares of Netflix Inc (NFLX)
Insider Sale: Co-CEO Gregory Peters Sells Shares of Netflix Inc (NFLX)

The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.

This insider sale event and the current stock valuation metrics provide investors with updated data points regarding the ownership and valuation status of 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.

This article first appeared on GuruFocus.