Netflix, Inc. (NFLX) Director Leslie J. Kilgore Sells 1,078 Shares
Netflix, Inc. (NASDAQ:NFLX) Director Leslie J. Kilgore sold 1,078 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $162.00, for a total value of $174,636.00. Following the transaction, the director now owns 36,274 shares in the company, valued at approximately $5,876,388. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Netflix, Inc. (NASDAQ:NFLX) traded down 0.38% during trading on Friday, reaching $162.43. The company’s stock had a trading volume of 4,833,457 shares. The firm has a market cap of $70.01 billion, a PE ratio of 210.13 and a beta of 1.27. The company’s 50 day moving average price is $152.39 and its 200 day moving average price is $138.29. Netflix, Inc. has a 12 month low of $84.50 and a 12 month high of $164.10. Netflix also saw some unusual options trading on Thursday. Stock investors acquired 15,669 call options on the stock. This is an increase of approximately 258% compared to the average daily volume of 4,374 call options.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, April 17th. The Internet television network reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.03. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Netflix had a return on equity of 7.51% and a net margin of 2.11%. The business’s quarterly revenue was up 34.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share. On average, equities analysts predict that Netflix, Inc. will post $1.04 earnings per share for the current year.
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Several brokerages have commented on NFLX. Vetr upgraded Netflix from a “sell” rating to a “hold” rating and set a $158.60 price target on the stock in a report on Monday, May 15th. Jefferies Group LLC reiterated a “hold” rating and set a $141.00 price target on shares of Netflix in a report on Monday. Canaccord Genuity reiterated a “buy” rating and set a $165.00 price target on shares of Netflix in a report on Thursday. William Blair reiterated an “outperform” rating on shares of Netflix in a report on Thursday. Finally, MKM Partners reiterated a “buy” rating and set a $175.00 price target on shares of Netflix in a report on Tuesday, March 14th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-six have given a buy rating to the company. Netflix currently has an average rating of “Buy” and a consensus price target of $147.14.
Several large investors have recently modified their holdings of the stock. Clean Yield Group bought a new stake in shares of Netflix during the first quarter valued at $103,000. SRS Capital Advisors Inc. boosted its stake in shares of Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after buying an additional 706 shares during the last quarter. Harfst & Associates Inc. bought a new stake in shares of Netflix during the first quarter valued at $109,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Netflix by 24.2% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the Internet television network’s stock valued at $114,000 after buying an additional 150 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Netflix during the fourth quarter valued at $114,000. 80.42% of the stock is owned by institutional investors.
Netflix Company Profile
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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