Netflix, Inc. (NASDAQ:NFLX) Director Leslie J. Kilgore sold 868 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $202.00, for a total transaction of $175,336.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Netflix, Inc. (NASDAQ NFLX) traded down 1.58% during midday trading on Tuesday, reaching $199.48. The company had a trading volume of 23,892,906 shares. The company’s 50-day moving average is $183.35 and its 200-day moving average is $165.87. Netflix, Inc. has a 1-year low of $98.38 and a 1-year high of $204.38. The stock has a market capitalization of $86.13 billion, a PE ratio of 242.68 and a beta of 1.09.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The business’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 EPS. On average, equities research analysts forecast that Netflix, Inc. will post $1.19 EPS for the current year.
NFLX has been the subject of several recent analyst reports. Piper Jaffray Companies reaffirmed a “buy” rating and set a $215.00 price objective on shares of Netflix in a research report on Monday, September 18th. Loop Capital upped their price objective on shares of Netflix from $228.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $210.00 price objective on shares of Netflix in a research report on Friday, October 6th. Vetr raised shares of Netflix from a “sell” rating to a “hold” rating and set a $165.75 price objective for the company in a research report on Thursday, August 10th. Finally, MKM Partners reaffirmed a “buy” rating and set a $195.00 price objective on shares of Netflix in a research report on Monday, July 10th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and thirty-three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $200.29.
Institutional investors and hedge funds have recently modified their holdings of the business. Almanack Investment Partners LLC. purchased a new stake in Netflix in the second quarter worth about $101,000. TD Capital Management LLC purchased a new stake in Netflix in the second quarter worth about $105,000. Appropriate Balance Financial Services Inc. increased its position in Netflix by 5.6% in the second quarter. Appropriate Balance Financial Services Inc. now owns 702 shares of the Internet television network’s stock worth $4,701,000 after buying an additional 37 shares in the last quarter. SRS Capital Advisors Inc. increased its position in Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after buying an additional 706 shares in the last quarter. Finally, Harfst & Associates Inc. purchased a new stake in Netflix in the first quarter worth about $109,000. Institutional investors and hedge funds own 81.02% of the company’s stock.
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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