Netflix, Inc. (NFLX) CEO Reed Hastings Sells 86,037 Shares

Netflix, Inc. (NASDAQ:NFLX) CEO Reed Hastings sold 86,037 shares of the stock in a transaction on Monday, May 21st. The shares were sold at an average price of $329.73, for a total value of $28,368,980.01. Following the sale, the chief executive officer now owns 86,037 shares in the company, valued at $28,368,980.01. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Reed Hastings also recently made the following trade(s):

  • On Monday, April 23rd, Reed Hastings sold 75,558 shares of Netflix stock. The shares were sold at an average price of $324.71, for a total value of $24,534,438.18.
  • On Tuesday, March 20th, Reed Hastings sold 75,271 shares of Netflix stock. The shares were sold at an average price of $316.98, for a total value of $23,859,401.58.

NASDAQ:NFLX opened at $331.62 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.63. The stock has a market cap of $144.24 billion, a price-to-earnings ratio of 265.30, a price-to-earnings-growth ratio of 4.29 and a beta of 0.97. Netflix, Inc. has a 52 week low of $144.25 and a 52 week high of $338.82.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, April 16th. The Internet television network reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.01. Netflix had a return on equity of 19.11% and a net margin of 5.26%. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the previous year, the firm posted $0.40 earnings per share. The business’s revenue was up 40.3% compared to the same quarter last year. analysts predict that Netflix, Inc. will post 2.9 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the company. James Hambro & Partners bought a new stake in shares of Netflix in the fourth quarter worth about $106,000. Duncker Streett & Co. Inc. increased its holdings in shares of Netflix by 47.1% in the fourth quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after purchasing an additional 200 shares during the last quarter. Wagner Wealth Management LLC bought a new stake in shares of Netflix in the fourth quarter worth about $125,000. Braun Bostich & Associates Inc. bought a new stake in shares of Netflix in the first quarter worth about $142,000. Finally, Crewe Advisors LLC bought a new stake in shares of Netflix in the fourth quarter worth about $149,000. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have commented on NFLX shares. BidaskClub upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, January 23rd. Barclays set a $285.00 target price on Netflix and gave the company a “buy” rating in a research note on Tuesday, January 23rd. B. Riley increased their target price on Netflix from $211.00 to $243.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Pivotal Research reiterated a “buy” rating and set a $300.00 target price (up from $270.00) on shares of Netflix in a research note on Tuesday, January 23rd. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $266.00 target price (up from $224.00) on shares of Netflix in a research note on Tuesday, January 23rd. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $296.12.

Netflix Company Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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

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