Netflix Insider Gregory K. Peters Sells 4,911 Shares (NFLX)
Netflix (NASDAQ:NFLX) Insider Gregory K. Peters sold 4,911 shares of Netflix stock on the open market in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $400.00, for a total value of $1,964,400.00. Following the completion of the transaction, the insider now directly owns 1,870 shares in the company, valued at approximately $748,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Netflix (NASDAQ:NFLX) traded up 1.06% during mid-day trading on Thursday, hitting $404.67. The stock had a trading volume of 2,628,048 shares. Netflix has a one year low of $159.00 and a one year high of $407.41. The stock has a 50-day moving average of $361. and a 200-day moving average of $318.0. The company has a market cap of $24.121 billion and a P/E ratio of 216.44.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.14. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company posted $0.13 earnings per share. Netflix’s revenue was up 24.3% compared to the same quarter last year. Analysts expect that Netflix will post $4.08 EPS for the current fiscal year.
NFLX has been the subject of a number of recent research reports. Analysts at TheStreet upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research note to investors on Wednesday. Separately, analysts at Needham & Company reiterated a “buy” rating on shares of Netflix in a research note to investors on Thursday, January 23rd. Finally, analysts at UBS AG raised their EPS on shares of Netflix in a research note to investors on Thursday, January 23rd. They now have an “underperform” rating and a $250.00 price target on the stock. Six research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and thirteen have given a buy rating to the company’s stock. Netflix presently has an average rating of “Hold” and an average target price of $336.32.
Netflix, Inc (NASDAQ:NFLX), incorporated on August 29, 1997, is an Internet subscription service streaming television shows and movies.
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