Netflix, Inc. (NASDAQ:NFLX) Director Leslie J. Kilgore Sells 428 Shares

Netflix, Inc. (NASDAQ:NFLX) Director Leslie J. Kilgore sold 428 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $715.00, for a total transaction of $306,020.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 0.5 %

NASDAQ:NFLX opened at $701.03 on Friday. The firm has a market capitalization of $302.14 billion, a P/E ratio of 48.65, a PEG ratio of 1.40 and a beta of 1.26. Netflix, Inc. has a 1-year low of $344.73 and a 1-year high of $715.66. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The company’s fifty day moving average price is $663.00 and its 200-day moving average price is $640.55.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on NFLX. The Goldman Sachs Group raised their price objective on Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Bank of America boosted their target price on shares of Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a report on Monday, July 15th. Piper Sandler increased their price target on shares of Netflix from $600.00 to $650.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. UBS Group lifted their target price on shares of Netflix from $685.00 to $750.00 and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Macquarie reissued an “outperform” rating and issued a $685.00 target price on shares of Netflix in a research note on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $685.29.

Hedge Funds Weigh In On Netflix

A number of hedge funds have recently modified their holdings of the business. M&G Plc purchased a new stake in shares of Netflix in the 1st quarter valued at $9,682,000. BSN CAPITAL PARTNERS Ltd grew its holdings in shares of Netflix by 24.4% in the first quarter. BSN CAPITAL PARTNERS Ltd now owns 250,000 shares of the Internet television network’s stock valued at $155,185,000 after purchasing an additional 49,000 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in Netflix during the 4th quarter worth approximately $9,513,000. Scotia Capital Inc. grew its stake in shares of Netflix by 9.1% in the fourth quarter. Scotia Capital Inc. now owns 25,351 shares of the Internet television network’s stock worth $12,343,000 after acquiring an additional 2,110 shares in the last quarter. Finally, Focus Financial Network Inc. ADV purchased a new stake in shares of Netflix during the fourth quarter worth $3,700,000. 80.93% of the stock is currently owned by hedge funds and other 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.