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.
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.
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.
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