Netflix, Inc. (NFLX) Director Leslie J. Kilgore Sells 903 Shares
Netflix, Inc. (NASDAQ:NFLX) Director Leslie J. Kilgore sold 903 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $194.00, for a total transaction of $175,182.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Netflix, Inc. (NASDAQ NFLX) traded up 1.87% during mid-day trading on Friday, reaching $198.02. 15,348,356 shares of the company were exchanged. The stock’s 50-day moving average price is $178.79 and its 200-day moving average price is $163.66. Netflix, Inc. has a 1-year low of $97.63 and a 1-year high of $198.92. The stock has a market capitalization of $85.49 billion, a price-to-earnings ratio of 240.90 and a beta of 1.09. Netflix also saw some unusual options trading on Thursday. Stock traders acquired 122,784 call options on the stock. This is an increase of 283% compared to the typical volume of 32,078 call options.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business’s revenue was up 32.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 earnings per share. On average, equities research analysts anticipate that Netflix, Inc. will post $1.17 EPS for the current fiscal year.
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A number of research analysts have weighed in on NFLX shares. Piper Jaffray Companies reiterated a “buy” rating and issued a $215.00 target price on shares of Netflix in a research note on Monday, September 18th. Wedbush restated an “underperform” rating and set a $88.00 price target on shares of Netflix in a research note on Friday. Royal Bank Of Canada restated an “outperform” rating and set a $210.00 price target on shares of Netflix in a research note on Friday. Vetr upgraded shares of Netflix from a “sell” rating to a “hold” rating and set a $165.75 price target on the stock in a research note on Thursday, August 10th. Finally, MKM Partners restated a “buy” rating and set a $195.00 price target on shares of Netflix in a research note on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirty-one have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $185.18.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Netflix by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock valued at $4,176,049,000 after buying an additional 789,190 shares during the period. BlackRock Inc. boosted its stake in shares of Netflix by 1.7% in the 2nd quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network’s stock valued at $3,834,416,000 after buying an additional 423,968 shares during the period. FMR LLC boosted its stake in shares of Netflix by 12.4% in the 2nd quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock valued at $3,531,042,000 after buying an additional 2,605,731 shares during the period. State Street Corp boosted its stake in shares of Netflix by 2.7% in the 1st quarter. State Street Corp now owns 17,535,737 shares of the Internet television network’s stock valued at $2,591,946,000 after buying an additional 463,143 shares during the period. Finally, Jennison Associates LLC boosted its stake in shares of Netflix by 14.0% in the 2nd quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock valued at $2,208,891,000 after buying an additional 1,814,056 shares during the period. 81.03% of the stock is owned by institutional investors.
Netflix Company Profile
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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