Netflix, Inc. (NASDAQ:NFLX) Director Sells $273,870.00 in Stock

Netflix, Inc. (NASDAQ:NFLX) Director Leslie J. Kilgore sold 358 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total value of $273,870.00. Following the transaction, the director now directly owns 35,262 shares in the company, valued at approximately $26,975,430. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, September 19th, Leslie J. Kilgore sold 428 shares of Netflix stock. The shares were 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 value of $966,999.32.

Netflix Trading Up 1.1 %

Shares of NASDAQ NFLX traded up $8.18 during midday trading on Monday, hitting $772.07. The stock had a trading volume of 6,029,580 shares, compared to its average volume of 3,734,855. The company’s 50-day simple moving average is $696.38 and its 200 day simple moving average is $655.12. The firm has a market cap of $332.76 billion, a P/E ratio of 52.74, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. Netflix, Inc. has a fifty-two week low of $395.62 and a fifty-two week high of $773.00. 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 released its earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating the consensus estimate of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. During the same period last year, the firm earned $3.29 EPS. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. Research analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. KeyCorp raised their target price on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a report on Friday. BMO Capital Markets reaffirmed an “outperform” rating and issued a $825.00 target price (up previously from $770.00) on shares of Netflix in a report on Friday. Morgan Stanley raised their target price on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a report on Friday. Wolfe Research reiterated an “outperform” rating on shares of Netflix in a research report on Friday. Finally, Rosenblatt Securities raised their price objective on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $747.70.

Institutional Investors Weigh In On Netflix

A number of institutional investors have recently made changes to their positions in NFLX. Denver PWM LLC acquired a new stake in shares of Netflix during the second quarter worth $25,000. Valued Wealth Advisors LLC lifted its holdings in Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 20 shares in the last quarter. Indiana Trust & Investment Management CO lifted its holdings in Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 28 shares in the last quarter. Proffitt & Goodson Inc. lifted its holdings in Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 38 shares in the last quarter. Finally, AlphaMark Advisors LLC lifted its holdings in shares of Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after purchasing an additional 45 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

About Netflix

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.