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Leslie J. Kilgore, a director of NETFLIX INC (NASDAQ:NFLX), sold 431 shares of common stock on June 24, 2025, according to a recent Form 4 filing. The transaction comes as Netflix trades near its 52-week high of $1,282.57, with the stock showing remarkable strength, up 90% over the past year. According to InvestingPro analysis, the stock is currently trading above its Fair Value. The sales were executed in two transactions at prices ranging from $1265.0 to $1270.0, totaling $546,290.
On the same day, Kilgore also exercised options to acquire 431 shares of Netflix common stock. These transactions involved the exercise of stock options at prices of $290.39 and $290.30, amounting to a total value of $125138.
Following these transactions, Kilgore directly owns 35,396 shares of Netflix.
In other recent news, Netflix has announced plans to invest over $1.14 billion in content production in Spain over the next four years. This investment is part of Netflix’s strategy to expand its global content library and strengthen its international presence. Additionally, Netflix is set to open its first two Netflix House locations in Philadelphia and Dallas by late 2025, with a third location planned for Las Vegas in 2027. These venues will feature immersive experiences based on popular Netflix shows, aiming to diversify the company’s revenue streams.
In terms of financial projections, Oppenheimer has raised its price target for Netflix to $1,425, maintaining an Outperform rating. The firm cites Netflix’s strong global streaming position and predicts significant revenue and operating income growth by 2030. Meanwhile, JPMorgan has reiterated its Neutral rating on Netflix, noting a balanced risk/reward profile following recent stock price appreciation. The firm projects double-digit revenue growth for Netflix through 2026, despite maintaining a cautious stance on current valuation metrics. These developments reflect Netflix’s ongoing efforts to innovate and expand its business model beyond traditional streaming services.
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