Leslie J. Kilgore Sells 428 Shares of Netflix, Inc. (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) Director Leslie J. Kilgore sold 428 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $715.00, for a total transaction of $306,020.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Leslie J. Kilgore also recently made the following trade(s):

• On Tuesday, August 20th, Leslie J. Kilgore sold 1,372 shares of Netflix stock. The shares were sold at an average price of $704.81, for a total value of $966,999.32.

Netflix Price Performance

Shares of NFLX opened at $701.03 on Friday. The firm has a fifty day moving average price of $663.00 and a 200 day moving average price of $640.85. The stock has a market cap of $302.14 billion, a PE ratio of 48.65, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26. Netflix, Inc. has a 1-year low of $344.73 and a 1-year high of $715.66. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The firm had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. During the same period in the prior year, the firm earned $3.29 EPS. The business’s revenue was up 16.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current year.

Hedge Funds Weigh In On Netflix

A number of institutional investors have recently modified their holdings of NFLX. Precision Wealth Strategies LLC increased its stake in Netflix by 3.5% in the fourth quarter. Precision Wealth Strategies LLC now owns 2,444 shares of the Internet television network’s stock valued at $1,190,000 after purchasing an additional 83 shares during the period. Gilbert & Cook Inc. grew its holdings in shares of Netflix by 5.9% during the fourth quarter. Gilbert & Cook Inc. now owns 2,177 shares of the Internet television network’s stock worth $1,060,000 after buying an additional 121 shares during the last quarter. Aveo Capital Partners LLC grew its holdings in shares of Netflix by 6.9% during the fourth quarter. Aveo Capital Partners LLC now owns 667 shares of the Internet television network’s stock worth $325,000 after buying an additional 43 shares during the last quarter. Gryphon Financial Partners LLC increased its position in Netflix by 20.4% in the 4th quarter. Gryphon Financial Partners LLC now owns 3,971 shares of the Internet television network’s stock valued at $1,933,000 after acquiring an additional 674 shares during the period. Finally, Quest Partners LLC purchased a new stake in Netflix during the 4th quarter valued at approximately $370,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Rosenblatt Securities restated a “neutral” rating and issued a $635.00 target price on shares of Netflix in a research report on Friday. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Morgan Stanley increased their target price on shares of Netflix from $700.00 to $780.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Citigroup boosted their price target on shares of Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Finally, TD Cowen increased their price objective on shares of Netflix from $725.00 to $775.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $685.29.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.