Insider Selling: Netflix, Inc. (NASDAQ:NFLX) Director Sells $719,129.17 in Stock

Netflix, Inc. (NASDAQ:NFLX) Director Leslie J. Kilgore sold 1,481 shares of Netflix stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $485.57, for a total transaction of $719,129.17. Following the completion of the sale, the director now owns 35,643 shares of the company’s stock, valued at $17,307,171.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ:NFLX opened at $485.80 on Friday. The firm has a market cap of $214.25 billion, a PE ratio of 81.92, a price-to-earnings-growth ratio of 2.59 and a beta of 0.96. The firm’s fifty day moving average is $475.04 and its 200-day moving average is $406.37. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.12 and a current ratio of 1.12. Netflix, Inc. has a 52 week low of $252.28 and a 52 week high of $575.37.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 16th. The Internet television network reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.22). The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.08 billion. Netflix had a net margin of 11.85% and a return on equity of 33.32%. During the same quarter in the previous year, the firm earned $0.60 EPS. Sell-side analysts forecast that Netflix, Inc. will post 6.28 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Capital International Investors lifted its holdings in Netflix by 27.3% in the first quarter. Capital International Investors now owns 13,695,433 shares of the Internet television network’s stock valued at $5,142,631,000 after buying an additional 2,936,451 shares during the period. Jennison Associates LLC lifted its holdings in Netflix by 15.1% in the first quarter. Jennison Associates LLC now owns 8,950,493 shares of the Internet television network’s stock valued at $3,360,910,000 after buying an additional 1,174,164 shares during the period. Geode Capital Management LLC lifted its holdings in Netflix by 6.5% in the first quarter. Geode Capital Management LLC now owns 6,527,589 shares of the Internet television network’s stock valued at $2,446,123,000 after buying an additional 399,048 shares during the period. Sands Capital Management LLC lifted its holdings in Netflix by 30.7% in the first quarter. Sands Capital Management LLC now owns 5,536,697 shares of the Internet television network’s stock valued at $2,079,030,000 after buying an additional 1,299,967 shares during the period. Finally, Norges Bank acquired a new position in shares of Netflix during the fourth quarter valued at about $1,195,984,000. Institutional investors and hedge funds own 82.30% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. Citigroup lifted their price target on shares of Netflix from $350.00 to $450.00 and gave the company a “neutral” rating in a research report on Thursday, May 21st. SunTrust Banks lifted their price target on shares of Netflix from $475.00 to $530.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Benchmark lifted their price objective on shares of Netflix from $340.00 to $397.00 and gave the company a “sell” rating in a research note on Monday, July 13th. Deutsche Bank lifted their price objective on shares of Netflix from $500.00 to $525.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Finally, Nomura lifted their price objective on shares of Netflix from $330.00 to $390.00 and gave the company a “neutral” rating in a research note on Wednesday, April 22nd. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $483.56.

About Netflix

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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