Netflix, Inc. (NASDAQ:NFLX) Director Leslie J. Kilgore sold 847 shares of the stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $207.00, for a total transaction of $175,329.00. Following the transaction, the director now directly owns 36,043 shares of the company’s stock, valued at approximately $7,460,901. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Netflix, Inc. (NFLX) opened at $209.99 on Monday. Netflix, Inc. has a fifty-two week low of $128.50 and a fifty-two week high of $210.02. The firm has a market cap of $90,870.00, a price-to-earnings ratio of 212.11, a PEG ratio of 3.41 and a beta of 1.34. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the prior year, the business earned $0.12 earnings per share. Netflix’s revenue was up 30.3% compared to the same quarter last year. sell-side analysts anticipate that Netflix, Inc. will post 1.26 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its stake in Netflix by 0.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock worth $229,000 after acquiring an additional 10 shares in the last quarter. Kalos Management Inc. raised its stake in Netflix by 0.7% during the 2nd quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock worth $242,000 after acquiring an additional 12 shares in the last quarter. Laurel Wealth Advisors Inc. raised its stake in Netflix by 1.6% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 3,452 shares of the Internet television network’s stock worth $515,000 after acquiring an additional 53 shares in the last quarter. Sii Investments Inc. WI raised its stake in Netflix by 2.1% during the 2nd quarter. Sii Investments Inc. WI now owns 3,075 shares of the Internet television network’s stock worth $460,000 after acquiring an additional 64 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its stake in Netflix by 2.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 3,103 shares of the Internet television network’s stock worth $464,000 after acquiring an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 83.27% of the company’s stock.
NFLX has been the subject of a number of research analyst reports. Bank of America increased their price objective on shares of Netflix from $225.00 to $199.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. Goldman Sachs Group set a $250.00 price objective on shares of Netflix and gave the stock a “buy” rating in a research report on Tuesday, November 28th. Zacks Investment Research raised shares of Netflix from a “hold” rating to a “buy” rating and set a $219.00 price target for the company in a research report on Monday, November 20th. Jefferies Group set a $165.00 price target on shares of Netflix and gave the company a “neutral” rating in a research report on Monday, September 18th. Finally, Wedbush set a $93.00 price target on shares of Netflix and gave the company a “sell” rating in a research report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-five have given a buy rating to the stock. Netflix currently has an average rating of “Buy” and an average price target of $210.08.
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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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