Netflix, Inc. (NASDAQ:NFLX) Director Sells $273,870.00 in Stock

Netflix, Inc. (NASDAQ:NFLX) Director Leslie J. Kilgore sold 358 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the completion of the transaction, the director now directly owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, September 19th, Leslie J. Kilgore sold 428 shares of Netflix stock. The shares were sold at an average price of $715.00, for a total transaction of $306,020.00.
• 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 Trading Down 2.0 %

Netflix stock opened at $749.29 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 12 month low of $395.62 and a 12 month high of $773.00. The company’s fifty day simple moving average is $703.23 and its 200-day simple moving average is $657.75. The stock has a market cap of $322.94 billion, a P/E ratio of 52.00, a P/E/G ratio of 1.49 and a beta of 1.26.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NFLX shares. Piper Sandler reiterated an “overweight” rating and issued a $840.00 price objective (up from $800.00) on shares of Netflix in a report on Friday, October 18th. Citigroup lifted their price target on Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Redburn Atlantic boosted their price objective on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Canaccord Genuity Group lifted their target price on Netflix from $750.00 to $760.00 and gave the stock a “hold” rating in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. upped their price target on shares of Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $747.70.

Institutional Investors Weigh In On Netflix

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Denver PWM LLC bought a new position in shares of Netflix during the 2nd quarter valued at $25,000. Valued Wealth Advisors LLC increased its position in Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after buying an additional 20 shares during the last quarter. Indiana Trust & Investment Management CO raised its holdings in Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after buying an additional 28 shares in the last quarter. Proffitt & Goodson Inc. lifted its position in shares of Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after buying an additional 38 shares during the last quarter. Finally, AlphaMark Advisors LLC boosted its stake in shares of Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after acquiring an additional 45 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Company Profile

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.