Netflix Insider Unloads $1,771,825 in Stock (NFLX)
Netflix (NASDAQ:NFLX) Insider Gregory K. Peters sold 4,169 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $425.00, for a total value of $1,771,825.00. Following the completion of the transaction, the insider now directly owns 1,870 shares in the company, valued at approximately $794,750. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Netflix (NASDAQ:NFLX) traded up 0.11% on Monday, hitting $430.44. The stock had a trading volume of 1,978,365 shares. Netflix has a 52 week low of $159.00 and a 52 week high of $432.37. The stock’s 50-day moving average is $371.6 and its 200-day moving average is $327.5. The company has a market cap of $25.743 billion and a price-to-earnings ratio of 232.30. Netflix also was the target of unusually large options trading activity on Friday. Investors purchased 82,609 call options on the company. This represents an increase of approximately 131% compared to the average daily volume of 35,761 call options.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters 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.
Several analysts have recently commented on the stock. 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. Netflix currently has a consensus rating of “Hold” and an average target price of $349.77.
Netflix, Inc is an Internet television network with more than 33 million members in over 40 countries.
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