Netflix Director Leslie Kilgore Sells 4,483 Shares (NFLX)
Netflix (NASDAQ:NFLX) Director Leslie Kilgore sold 4,483 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $342.92, for a total transaction of $1,537,310.36. Following the completion of the sale, the director now directly owns 14,028 shares in the company, valued at approximately $4,810,482. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Netflix (NASDAQ:NFLX) traded up 2.39% on Wednesday, hitting $330.24. The stock had a trading volume of 8,343,367 shares. Netflix has a 52-week low of $53.05 and a 52-week high of $314.18. The stock’s 50-day moving average is $270.9 and its 200-day moving average is $224.9. The company has a market cap of $19.458 billion and a P/E ratio of 401.65. Netflix also was the target of some unusual options trading on Monday. Traders acquired 101,638 call options on the stock. This is an increase of 195% compared to the typical volume of 34,456 call options.
Netflix (NASDAQ:NFLX) last released its earnings data on Monday, October 21st. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $905.00 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, analysts predict that Netflix will post $1.52 earnings per share for the current fiscal year.
A number of research firms have recently commented on NFLX. Analysts at Albert Fried & Company reiterated an “underweight” rating on shares of Netflix in a research note to investors on Wednesday. They now have a $122.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Netflix from $160.00 to $215.00 in a research note to investors on Tuesday. They now have an “underperform” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Netflix from $315.00 to $360.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and seven have given a buy rating to the company. Netflix has a consensus rating of “Hold” and a consensus price target of $293.41.
Netflix, Inc (NASDAQ:NFLX), incorporated on August 29, 1997, is an Internet subscription service streaming television shows and movies.
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