Reed Hastings Sells 75,558 Shares of Netflix (NFLX) Stock

Netflix (NASDAQ:NFLX) CEO Reed Hastings sold 75,558 shares of the firm’s stock in a transaction on Monday, April 23rd. The shares were sold at an average price of $324.71, for a total value of $24,534,438.18. Following the transaction, the chief executive officer now owns 75,558 shares in the company, valued at approximately $24,534,438.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • 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.
  • On Tuesday, February 20th, Reed Hastings sold 63,889 shares of Netflix stock. The shares were sold at an average price of $282.09, for a total value of $18,022,448.01.

Netflix stock opened at $305.76 on Thursday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.30 and a quick ratio of 1.30. Netflix has a 52 week low of $144.25 and a 52 week high of $338.82. The stock has a market cap of $138,520.94, a P/E ratio of 244.61, a PEG ratio of 4.15 and a beta of 0.99.



Netflix (NASDAQ:NFLX) last released its earnings results on Monday, April 16th. The Internet television network reported $0.64 EPS for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $3.69 billion. The company’s revenue was up 40.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 earnings per share. equities analysts anticipate that Netflix will post 2.88 EPS for the current fiscal year.

NFLX has been the topic of several research reports. Deutsche Bank upgraded Netflix from a “hold” rating to a “buy” rating and set a $125.00 price target on the stock in a research note on Friday, April 13th. MKM Partners raised their price target on Netflix from $245.00 to $320.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Wedbush set a $93.00 price target on Netflix and gave the company a “sell” rating in a research note on Friday, January 19th. Piper Jaffray raised their price target on Netflix to $360.00 and gave the company an “overweight” rating in a research note on Friday, March 9th. Finally, Goldman Sachs set a $315.00 price target on Netflix and gave the company a “buy” rating in a research note on Friday, January 19th. Four investment 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 currently has an average rating of “Buy” and an average price target of $296.12.

A number of hedge funds have recently made changes to their positions in NFLX. James Hambro & Partners purchased a new position in Netflix during the fourth quarter valued at approximately $106,000. Duncker Streett & Co. Inc. raised its position in Netflix by 47.1% during the fourth quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock valued at $120,000 after acquiring an additional 200 shares in the last quarter. Wagner Wealth Management LLC purchased a new position in Netflix during the fourth quarter valued at approximately $125,000. Crewe Advisors LLC purchased a new position in Netflix during the fourth quarter valued at approximately $149,000. Finally, Goodman Financial Corp purchased a new position in Netflix during the fourth quarter valued at approximately $163,000. Institutional investors own 81.83% of the company’s stock.

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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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