Published: Fri, October 13, 2017
Finance | By Loren Pratt

Netflix, Inc. (NFLX) Director Sells $326940.00 in Stock

Netflix, Inc. (NFLX) Director Sells $326940.00 in Stock

Netflix, Inc. shares rose $1.59 (+0.81%) in premarket trading Friday. Netflix, Inc. (NASDAQ:NFLX) has risen 75.34% since October 13, 2016 and is uptrending. Earnings per share is generally reported in annualized form from the most recent fiscal year.

A number of other analysts have also recently commented on the stock. FMR LLC grew its stake in shares of Netflix by 12.4% in the second quarter.

In other news, Director Richard N. Barton sold 2,000 shares of the firm's stock in a transaction on Thursday, October 12th. Guardian Life Insurance Co. of America increased its stake in shares of Netflix by 0.7% during the 1st quarter.

Institutional investors have recently bought and sold shares of the business.

JPMorgan analyst Doug Anmuth lowered his estimate for net subscriber additions for the fourth quarter by 255,000 to 6.7 million due to a modest uptick in churn, but said the fee increase was clearly a positive for Netflix. Glaxis Management Ltd has invested 0.58% in Netflix, Inc. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network's stock valued at $298,000 after buying an additional 12 shares during the period.

Netflix shares hit an all-time high Friday, briefly passing through $200 for the first time ever, an incredible milestone for a video streaming company upending the traditional media industry. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network's stock worth $229,000 after purchasing an additional 10 shares during the last quarter. Netflix, Inc. has a one year low of $84.50 and a one year high of $165.36. According to today's trading volume Time Warner ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. The stock is now moving below its 20-Day Simple Moving Average of -1.29% with a 50-Day Simple Moving Average of -0.6 percent. The firm has a market cap of $85.38 billion, a PE ratio of 240.57 and a beta of 1.09. Netflix Inc (Call) now has $86.15B valuation. Sales are seen rising 30% year-over-year to $2.97 billion in the September quarter. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period in the prior year, the firm posted $0.09 EPS.

COPYRIGHT VIOLATION WARNING: This article was originally posted by StockNewsTimes and is owned by of StockNewsTimes. This has made the streaming service lose its previous appeal where subscribers could access content from numerous producers at a small monthly fee. The stock jumped 37.04 percent over the past six months. Also, insider Jonathan Friedland sold 2,496 shares of Netflix stock in a transaction that occurred on Wednesday, July 19th.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 2.26%, and has a solid year to date (YTD) performance of 5.1% which means that the stock is constantly adding to its value from the previous fiscal year end price. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. KILGORE LESLIE J sold $175,560 worth of Netflix, Inc. The stock was sold at an average price of $182.17, for a total transaction of $454,696.32. (NASDAQ:NFLX) was sold by Peters Gregory K. The insider HASTINGS REED sold 101,815 shares worth $16.00M. (NASDAQ:NFLX) to report earnings on October, 16. (The) in a research report issued on Friday. FBR Capital maintained it with "Mkt Perform" rating and $100 target in Tuesday, October 18 report. Royal Bank of Canada restated an "outperform" rating and set a $175.00 price objective on shares of Netflix in a report on Monday, April 17th. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirty have assigned a buy rating to the stock. On Tuesday, September 1 the stock rating was maintained by Raymond James with "Buy".

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