Netflix, Inc. (NASDAQ:NFLX) Director Leslie J. Kilgore sold 2,373 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $220.99, for a total transaction of $524,409.27. Following the sale, the director now owns 35,994 shares in the company, valued at approximately $7,954,314.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Netflix, Inc. (NFLX) traded up $10.36 during trading hours on Thursday, reaching $271.66. The company’s stock had a trading volume of 8,237,939 shares, compared to its average volume of 10,643,919. The company has a quick ratio of 1.20, a current ratio of 1.40 and a debt-to-equity ratio of 1.81. Netflix, Inc. has a one year low of $138.26 and a one year high of $261.71. The firm has a market capitalization of $117,360.00, a PE ratio of 217.33, a price-to-earnings-growth ratio of 4.00 and a beta of 1.34.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. The company had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The firm’s revenue was up 32.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. equities analysts predict that Netflix, Inc. will post 2.35 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. Balentine LLC boosted its stake in shares of Netflix by 1,020.4% during the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after buying an additional 500 shares during the period. Duncker Streett & Co. Inc. increased its holdings in Netflix by 47.1% in the fourth quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock valued at $120,000 after buying an additional 200 shares in the last quarter. Aviance Capital Management LLC purchased a new position in shares of Netflix during the 2nd quarter worth approximately $137,000. Harfst & Associates Inc. increased its stake in shares of Netflix by 36.8% during the 2nd quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock worth $151,000 after purchasing an additional 273 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Netflix during the 3rd quarter worth approximately $171,000. Institutional investors own 83.27% of the company’s stock.
Several research analysts recently weighed in on NFLX shares. UBS Group set a $290.00 price objective on shares of Netflix and gave the stock a “buy” rating in a research note on Thursday. Robert W. Baird set a $240.00 price objective on shares of Netflix and gave the stock a “neutral” rating in a research report on Wednesday. BTIG Research increased their price target on Netflix from $225.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday. BMO Capital Markets lifted their price objective on Netflix to $250.00 and gave the stock a “market perform” rating in a report on Tuesday. Finally, Cowen restated a “buy” rating and issued a $275.00 target price on shares of Netflix in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirty-five have given a buy rating to the stock. Netflix presently has an average rating of “Buy” and a consensus price target of $235.36.
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.