Netflix, Inc. (NASDAQ:NFLX) Director Sells $966,999.32 in Stock

Netflix, Inc. (NASDAQ:NFLX) Director Leslie J. Kilgore sold 1,372 shares of Netflix stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $704.81, for a total value of $966,999.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Netflix Stock Down 0.2 %

NASDAQ NFLX traded down $1.42 on Wednesday, hitting $697.12. 2,233,688 shares of the stock were exchanged, compared to its average volume of 3,886,684. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $711.33. The company has a 50-day moving average price of $656.35 and a 200-day moving average price of $623.81. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The company has a market cap of $300.46 billion, a PE ratio of 48.40, a PEG ratio of 1.28 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating the consensus estimate of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The firm had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. During the same quarter in the prior year, the company posted $3.29 earnings per share. Netflix’s revenue for the quarter was up 16.8% compared to the same quarter last year. Sell-side analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Netflix

Several hedge funds have recently modified their holdings of NFLX. Denver PWM LLC acquired a new position in shares of Netflix during the second quarter worth about $25,000. Valued Wealth Advisors LLC boosted its holdings in Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares in the last quarter. Proffitt & Goodson Inc. raised its stake in shares of Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after buying an additional 38 shares in the last quarter. AlphaMark Advisors LLC grew its stake in shares of Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares during the period. Finally, Indiana Trust & Investment Management CO increased its holdings in shares of Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 28 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on NFLX. Bank of America boosted their price objective on Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a research report on Monday, July 15th. TD Cowen lifted their target price on shares of Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Needham & Company LLC restated a “buy” rating and set a $700.00 price target on shares of Netflix in a research report on Friday, July 19th. Oppenheimer reaffirmed an “outperform” rating and issued a $725.00 price target on shares of Netflix in a research note on Tuesday, July 30th. Finally, Citigroup increased their target price on Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $681.21.

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.