Netflix Insider Neil D. Hunt Sells 5,000 Shares (NFLX)
Netflix (NASDAQ:NFLX) Insider Neil D. Hunt unloaded 5,000 shares of Netflix stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $421.76, for a total transaction of $2,108,800.00. Following the completion of the transaction, the insider now directly owns 80,786 shares in the company, valued at approximately $34,072,303. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Netflix (NASDAQ:NFLX) traded up 0.04% during mid-day trading on Tuesday, hitting $422.85. 1,523,586 shares of the company’s stock traded hands. Netflix has a 52-week low of $248.45 and a 52-week high of $475.87. The stock’s 50-day moving average is $440.7 and its 200-day moving average is $402.3. The company has a market cap of $25.409 billion and a P/E ratio of 126.75.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, July 21st. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.01. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. On average, analysts predict that Netflix will post $3.86 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on NFLX shares. Analysts at Zacks reiterated a “neutral” rating on shares of Netflix in a research note on Thursday, July 24th. They now have a $449.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Netflix in a research note on Tuesday, July 22nd. They now have a $453.00 price target on the stock, up previously from $410.00. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Netflix in a research note on Tuesday, July 22nd. They now have a $430.00 price target on the stock, up previously from $369.00. Six analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $425.13.
Netflix, Inc is an Internet television network with more than 44 million members in over 40 countries.
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