Netflix, Inc. (NASDAQ:NFLX) Director Leslie J. Kilgore Sells 402 Shares

Netflix, Inc. (NASDAQ:NFLX) Director Leslie J. Kilgore sold 402 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total transaction of $291,450.00. Following the transaction, the director now owns 35,262 shares of the company’s stock, valued at $25,564,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Leslie J. Kilgore also recently made the following trade(s):

• On Thursday, September 19th, Leslie J. Kilgore sold 428 shares of Netflix stock. The shares were sold at an average price of $715.00, for a total value of $306,020.00.
• On Tuesday, August 20th, Leslie J. Kilgore sold 1,372 shares of Netflix stock. The stock was sold at an average price of $704.81, for a total transaction of $966,999.32.

Netflix Stock Down 0.6 %

Netflix stock opened at $707.35 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The firm’s fifty day moving average price is $669.62 and its two-hundred day moving average price is $644.43. The firm has a market capitalization of $304.87 billion, a price-to-earnings ratio of 49.09, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. Netflix, Inc. has a 1-year low of $344.73 and a 1-year high of $725.26.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The firm had revenue of $9.56 billion during the quarter, compared to analyst estimates of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.29 EPS. On average, equities research analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NFLX shares. Rosenblatt Securities reissued a “neutral” rating and issued a $635.00 price objective on shares of Netflix in a research note on Friday, September 20th. Sanford C. Bernstein boosted their price objective on Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a research report on Friday, July 19th. China Renaissance started coverage on Netflix in a research report on Thursday, September 5th. They issued a “hold” rating and a $680.00 target price for the company. Jefferies Financial Group boosted their price target on Netflix from $655.00 to $780.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Finally, Pivotal Research upped their price objective on Netflix from $800.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $685.29.

Hedge Funds Weigh In On Netflix

Several large investors have recently bought and sold shares of the stock. Heartland Bank & Trust Co raised its holdings in shares of Netflix by 0.9% in the second quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after purchasing an additional 15 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp lifted its position in shares of Netflix by 2.8% during the 1st quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock worth $378,000 after buying an additional 17 shares in the last quarter. Private Portfolio Partners LLC boosted its stake in shares of Netflix by 1.7% in the 1st quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock worth $633,000 after buying an additional 17 shares during the last quarter. FAS Wealth Partners Inc. grew its holdings in shares of Netflix by 1.5% in the second quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network’s stock valued at $786,000 after acquiring an additional 17 shares in the last quarter. Finally, Clear Point Advisors Inc. increased its position in shares of Netflix by 3.9% during the second quarter. Clear Point Advisors Inc. now owns 449 shares of the Internet television network’s stock valued at $303,000 after acquiring an additional 17 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.