Netflix Insider Gregory K. Peters Sells 2,118 Shares (NFLX)
Netflix (NASDAQ:NFLX) Insider Gregory K. Peters unloaded 2,118 shares of the company’s stock on the open market in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $475.00, for a total value of $1,006,050.00. Following the transaction, the insider now directly owns 1,870 shares of the company’s stock, valued at approximately $888,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Netflix (NASDAQ:NFLX) traded up 1.20% during mid-day trading on Thursday, hitting $472.35. 1,622,785 shares of the company’s stock traded hands. Netflix has a one year low of $219.33 and a one year high of $473.68. The stock has a 50-day moving average of $416.8 and a 200-day moving average of $388.9. The company has a market cap of $28.313 billion and a P/E ratio of 175.40. Netflix also was the target of unusually large options trading on Tuesday. Stock investors bought 93,197 call options on the stock. This is an increase of approximately 221% compared to the typical daily volume of 29,058 call options.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, April 21st. The company reported $0.86 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 24.0% on a year-over-year basis. Analysts expect that Netflix will post $4.11 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs upgraded shares of Netflix from a “neutral” rating to a “buy” rating in a research note on Tuesday. They now have a $590.00 price target on the stock, up previously from $380.00. Separately, analysts at Barclays initiated coverage on shares of Netflix in a research note on Thursday, June 26th. They set an “underweight” rating and a $420.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Morgan Stanley initiated coverage on shares of Netflix in a research note on Tuesday, June 17th. They set an “overweight” rating and a $500.00 price target on the stock. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $403.85.
Netflix, Inc is an Internet television network with more than 44 million members in over 40 countries.
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