Netflix, Inc. (NASDAQ:NFLX) Director Sells $306,020.00 in Stock

Netflix, Inc. (NASDAQ:NFLX) Director Leslie J. Kilgore sold 428 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $715.00, for a total transaction of $306,020.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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 stock was sold at an average price of $704.81, for a total value of $966,999.32.

Netflix Stock Down 0.5 %

Shares of NFLX opened at $701.03 on Monday. The stock has a 50 day moving average price of $663.00 and a 200 day moving average price of $641.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $302.14 billion, a price-to-earnings ratio of 48.65, a PEG ratio of 1.40 and a beta of 1.26. Netflix, Inc. has a one year low of $344.73 and a one year high of $715.66.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The business had revenue of $9.56 billion during the quarter, compared to analyst estimates of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.29 earnings per share. Equities research analysts forecast that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Institutional Trading of Netflix

A number of hedge funds have recently bought and sold shares of NFLX. Wellington Management Group LLP increased its stake in shares of Netflix by 540.9% in the 4th quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock worth $1,888,503,000 after acquiring an additional 3,273,592 shares during the last quarter. GQG Partners LLC purchased a new stake in shares of Netflix during the 1st quarter valued at approximately $1,450,476,000. Jennison Associates LLC lifted its holdings in Netflix by 17.0% in the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after acquiring an additional 929,193 shares during the last quarter. Global Assets Advisory LLC purchased a new position in Netflix in the first quarter worth approximately $436,514,000. Finally, Jericho Capital Asset Management L.P. acquired a new stake in Netflix during the first quarter worth $372,293,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NFLX. KeyCorp increased their price objective on Netflix from $707.00 to $735.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Loop Capital raised their price target on shares of Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Bank of America lifted their price objective on shares of Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a research note on Monday, July 15th. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Netflix from $650.00 to $750.00 and gave the company an “overweight” rating in a research report on Friday, July 12th. 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’s stock. According to MarketBeat, the stock has an average 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.