Leslie J. Kilgore Sells 868 Shares of Netflix, Inc. (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) Director Leslie J. Kilgore sold 868 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $202.00, for a total transaction of $175,336.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Netflix, Inc. (NASDAQ:NFLX) opened at 195.21 on Friday. The stock has a market cap of $84.41 billion, a price-to-earnings ratio of 195.01 and a beta of 1.09. Netflix, Inc. has a 12 month low of $110.68 and a 12 month high of $204.38. The stock’s 50 day moving average price is $188.02 and its 200-day moving average price is $168.64.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same period in the prior year, the company earned $0.12 EPS. The company’s revenue was up 30.3% on a year-over-year basis. Equities research analysts predict that Netflix, Inc. will post $1.25 EPS for the current year.

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A number of hedge funds have recently made changes to their positions in NFLX. FMR LLC grew its holdings in Netflix by 12.4% during the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after acquiring an additional 2,605,731 shares during the period. Janus Henderson Group PLC grew its holdings in Netflix by 3,478.1% during the second quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock worth $305,014,000 after acquiring an additional 1,984,404 shares during the period. Jennison Associates LLC grew its holdings in Netflix by 14.0% during the second quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock worth $2,208,891,000 after acquiring an additional 1,814,056 shares during the period. Vanguard Group Inc. grew its holdings in Netflix by 3.5% during the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock worth $4,014,680,000 after acquiring an additional 921,283 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. grew its holdings in Netflix by 22,622.2% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock worth $121,708,000 after acquiring an additional 811,007 shares during the period. 80.97% of the stock is currently owned by hedge funds and other institutional investors.

NFLX has been the topic of several analyst reports. Vetr raised shares of Netflix from a “buy” rating to a “strong-buy” rating and set a $168.95 price target on the stock in a report on Thursday, June 29th. MKM Partners reaffirmed a “buy” rating and set a $195.00 price target on shares of Netflix in a report on Monday, July 10th. Credit Suisse Group set a $154.00 price target on shares of Netflix and gave the company a “neutral” rating in a report on Tuesday, July 11th. Zacks Investment Research downgraded shares of Netflix from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Wedbush reaffirmed an “underperform” rating and set a $73.00 price target on shares of Netflix in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-three have given a buy rating to the stock. Netflix presently has an average rating of “Buy” and a consensus price target of $207.20.

About Netflix

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.

Insider Buying and Selling by Quarter for Netflix (NASDAQ:NFLX)

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