Netflix Director Sells $957,125 in Stock (NFLX)
Netflix (NASDAQ:NFLX) Director Leslie Kilgore unloaded 2,945 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $325.00, for a total value of $957,125.00. Following the completion of the transaction, the director now directly owns 14,028 shares in the company, valued at approximately $4,559,100. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on NFLX. Analysts at Zacks downgraded shares of Netflix (NASDAQ:NFLX) from an “outperform” rating to a “neutral” rating in a research note to investors on Friday. They now have a $338.00 price target on the stock. Separately, analysts at MKM Partners reiterated a “buy” rating on shares of Netflix (NASDAQ:NFLX) in a research note to investors on Tuesday, October 1st. They now have a $370.00 price target on the stock, up previously from $285.00. Finally, analysts at TheStreet reiterated a “hold” rating on shares of Netflix (NASDAQ:NFLX) in a research note to investors on Friday, September 27th. Six research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $235.01.
Shares of Netflix (NASDAQ:NFLX) traded up 1.72% during mid-day trading on Friday, hitting $327.26. The stock had a trading volume of 2,402,597 shares. Netflix has a 1-year low of $57.40 and a 1-year high of $334.50. The stock’s 50-day moving average is $297.0 and its 200-day moving average is $238.5. The company has a market cap of $19.283 billion and a P/E ratio of 400.65.
Netflix (NASDAQ:NFLX) last released its earnings data 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 previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 20.2% on a year-over-year basis.
Netflix, Inc (NASDAQ:NFLX), incorporated on August 29, 1997, is an Internet subscription service streaming television shows and movies.
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