Netflix, Inc. (NASDAQ:NFLX) Director Sells $291,450.00 in Stock

Netflix, Inc. (NASDAQ:NFLX) Director Leslie J. Kilgore sold 402 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total value of $291,450.00. Following the completion of the transaction, the director now directly owns 35,262 shares of the company’s stock, valued at $25,564,950. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Thursday, September 19th, Leslie J. Kilgore sold 428 shares of Netflix stock. The stock was sold at an average price of $715.00, for a total value of $306,020.00.
• 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 transaction of $966,999.32.

Netflix Trading Down 0.6 %

NASDAQ:NFLX opened at $707.35 on Friday. The stock’s 50 day moving average price is $669.62 and its 200 day moving average price is $644.66. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $725.26. The company has a market capitalization of $304.87 billion, a P/E ratio of 49.09, a P/E/G ratio of 1.44 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 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 business had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. During the same quarter in the prior year, the firm posted $3.29 EPS. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, research analysts forecast that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Netflix

A number of hedge funds have recently bought and sold shares of NFLX. Heartland Bank & Trust Co lifted its holdings in shares of Netflix by 0.9% during the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after buying an additional 15 shares during the period. Obermeyer Wood Investment Counsel Lllp raised its position in shares of Netflix by 2.8% during the first quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock valued at $378,000 after buying an additional 17 shares during the last quarter. Private Portfolio Partners LLC lifted its stake in Netflix by 1.7% in the 1st quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock worth $633,000 after purchasing an additional 17 shares in the last quarter. FAS Wealth Partners Inc. increased its stake in Netflix by 1.5% in the 2nd quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network’s stock worth $786,000 after acquiring an additional 17 shares during the last quarter. Finally, Clear Point Advisors Inc. raised its stake in Netflix by 3.9% during the second quarter. Clear Point Advisors Inc. now owns 449 shares of the Internet television network’s stock valued at $303,000 after purchasing an additional 17 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NFLX shares. Macquarie reissued an “outperform” rating and issued a $685.00 price objective on shares of Netflix in a research note on Tuesday, July 16th. Sanford C. Bernstein upped their price target on shares of Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a report on Friday, July 19th. Citigroup lifted their price objective on shares of Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. TD Cowen increased their target price on shares of Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Finally, Benchmark lifted their price target on shares of Netflix from $450.00 to $545.00 and gave the stock a “sell” rating in a research report on Tuesday, July 16th. One investment 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.