Insider Selling: Leslie J. Kilgore Unloads 1,000 Shares of Netflix Stock (NFLX)
Netflix (NASDAQ:NFLX) Director Leslie J. Kilgore unloaded 1,000 shares of the stock on the open market in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $425.00, for a total transaction of $425,000.00. Following the transaction, the director now directly owns 12,028 shares in the company, valued at approximately $5,111,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on NFLX shares. Analysts at UBS AG initiated coverage on shares of Netflix in a research note to investors on Friday. They set a “buy” rating and a $475.00 price target on the stock. Separately, analysts at Stifel Nicolaus upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a $475.00 price target on the stock. Finally, analysts at Morgan Stanley upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating in a research note to investors on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-three have given a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $349.77.
Shares of Netflix (NASDAQ:NFLX) traded up 0.11% on Monday, hitting $430.44. 1,978,365 shares of the company’s stock traded hands. Netflix has a 1-year low of $159.00 and a 1-year high of $430.50. The stock has a 50-day moving average of $369.9 and a 200-day moving average of $325.0. The company has a market cap of $25.743 billion and a price-to-earnings ratio of 232.30. Netflix also saw unusually large options trading activity on Friday. Stock traders acquired 82,609 call options on the stock. This is an increase of approximately 131% compared to the average volume of 35,761 call options.
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 in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 24.3% on a year-over-year basis. On average, analysts predict that Netflix will post $4.06 earnings per share for the current fiscal year.
Netflix, Inc is an Internet television network with more than 33 million members in over 40 countries.
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