Insider Selling: Netflix Insider Unloads 5,000 Shares of Stock (NFLX)
Netflix (NASDAQ:NFLX) Insider Neil D. Hunt unloaded 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $324.05, for a total transaction of $1,620,250.00. Following the transaction, the insider now directly owns 80,786 shares of the company’s stock, valued at approximately $26,178,703. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Netflix (NASDAQ:NFLX) traded up 1.09% during mid-day trading on Monday, hitting $344.38. The stock had a trading volume of 2,904,445 shares. Netflix has a 52 week low of $204.02 and a 52 week high of $458.00. The stock’s 50-day moving average is $356.4 and its 200-day moving average is $371.1. The company has a market cap of $20.642 billion and a P/E ratio of 128.02.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, April 21st. The company reported $0.86 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.83 by $0.03. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the company posted $0.31 earnings per share. Netflix’s revenue was up 24.0% compared to the same quarter last year. On average, analysts predict that Netflix will post $4.20 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on NFLX shares. Analysts at Cantor Fitzgerald upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research note on Wednesday, April 30th. They now have a $425.00 price target on the stock, up previously from $405.00. Separately, analysts at Raymond James upgraded shares of Netflix from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 30th. They now have a $450.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Netflix from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 29th. They now have a $377.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seventeen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $381.13.
Netflix, Inc is an Internet television network with more than 33 million members in over 40 countries.
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