Netflix Director Leslie Kilgore Unloads 6,336 Shares (NFLX)
Netflix (NASDAQ:NFLX) Director Leslie Kilgore unloaded 6,336 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $305.50, for a total value of $1,935,648.00. Following the completion of the sale, the director now directly owns 14,028 shares in the company. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on NFLX shares. Analysts at Lazard Capital Markets raised their price target on shares of Netflix (NASDAQ:NFLX) from $325.00 to $350.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Morgan Stanley downgraded shares of Netflix (NASDAQ:NFLX) from an “overweight” rating to an “equal weight” rating in a research note to investors on Thursday. They now have a $300.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at BTIG Research downgraded shares of Netflix (NASDAQ:NFLX) from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. They noted that the move was a valuation call.
Six research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $232.42.
Shares of Netflix (NASDAQ:NFLX) traded down 2.24% on Thursday, hitting $301.406. 3,137,316 shares of the company’s stock traded hands. Netflix has a 1-year low of $53.05 and a 1-year high of $314.18. The stock’s 50-day moving average is $267.5 and its 200-day moving average is $223.4. The company has a market cap of $17.759 billion and a P/E ratio of 383.94. Netflix also was the target of some unusual options trading activity on Tuesday. Investors bought 67,643 call options on the company. This is an increase of 105% compared to the typical daily volume of 33,012 call options.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, July 22nd. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.09. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 20.2% on a year-over-year basis. Analysts expect that Netflix will post $1.49 EPS for the current fiscal year.
Netflix, Inc (NASDAQ:NFLX), incorporated on August 29, 1997, is an Internet subscription service streaming television shows and movies.
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