Netflix, Inc. (NFLX) CEO Reed Hastings Sells 63,889 Shares

Netflix, Inc. (NASDAQ:NFLX) CEO Reed Hastings sold 63,889 shares of Netflix stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $282.09, for a total value of $18,022,448.01. Following the transaction, the chief executive officer now owns 63,889 shares of the company’s stock, valued at approximately $18,022,448.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Monday, January 22nd, Reed Hastings sold 75,369 shares of Netflix stock. The stock was sold at an average price of $225.52, for a total value of $16,997,216.88.
  • On Thursday, December 21st, Reed Hastings sold 91,861 shares of Netflix stock. The stock was sold at an average price of $189.03, for a total transaction of $17,364,484.83.

Netflix, Inc. (NFLX) traded up $2.49 during midday trading on Thursday, hitting $281.04. 9,367,900 shares of the company’s stock were exchanged, compared to its average volume of 10,556,565. The company has a market capitalization of $122,440.00, a PE ratio of 197.27, a PEG ratio of 3.82 and a beta of 1.04. Netflix, Inc. has a 12-month low of $138.26 and a 12-month high of $286.81. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.81.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The company’s revenue was up 32.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share. analysts expect that Netflix, Inc. will post 2.73 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Balentine LLC grew its stake in shares of Netflix by 1,020.4% in the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after purchasing an additional 500 shares during the last quarter. James Hambro & Partners bought a new stake in shares of Netflix in the fourth quarter worth $106,000. Duncker Streett & Co. Inc. grew its stake 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. Crewe Advisors LLC bought a new stake in shares of Netflix in the fourth quarter worth $149,000. Finally, Goodman Financial Corp bought a new stake in shares of Netflix in the fourth quarter worth $163,000. 82.23% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on the stock. BidaskClub downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Vetr upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $269.10 price objective for the company in a research report on Monday, February 5th. Credit Suisse Group restated a “neutral” rating and set a $266.00 price objective (up from $224.00) on shares of Netflix in a research report on Tuesday, January 23rd. Loop Capital raised their price objective on shares of Netflix from $237.00 to $241.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Finally, Buckingham Research restated a “neutral” rating and set a $251.00 price objective (up from $235.00) on shares of Netflix in a research report on Thursday, January 18th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the stock. Netflix currently has a consensus rating of “Buy” and an average target price of $240.15.

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Netflix Company Profile

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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