Reed Hastings Sells 57,197 Shares of Netflix, Inc. (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) CEO Reed Hastings sold 57,197 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $355.77, for a total transaction of $20,348,976.69. Following the completion of the sale, the chief executive officer now owns 57,197 shares in the company, valued at approximately $20,348,976.69. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Wednesday, February 19th, Reed Hastings sold 77,777 shares of Netflix stock. The shares were sold at an average price of $388.26, for a total transaction of $30,197,698.02.
  • On Tuesday, January 21st, Reed Hastings sold 83,692 shares of Netflix stock. The shares were sold at an average price of $336.61, for a total transaction of $28,171,564.12.

NASDAQ NFLX traded down $2.95 on Tuesday, hitting $357.32. The stock had a trading volume of 11,620,710 shares, compared to its average volume of 7,788,461. Netflix, Inc. has a one year low of $252.28 and a one year high of $393.52. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.95. The stock has a market cap of $156.80 billion, a price-to-earnings ratio of 86.52, a P/E/G ratio of 1.83 and a beta of 1.26. The company’s 50-day moving average is $362.03 and its two-hundred day moving average is $318.17.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $1.30 EPS for the quarter, topping the consensus estimate of $0.52 by $0.78. Netflix had a net margin of 9.26% and a return on equity of 28.45%. The firm had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.45 billion. During the same quarter in the prior year, the firm earned $0.30 EPS. Netflix’s quarterly revenue was up 30.6% on a year-over-year basis. On average, sell-side analysts anticipate that Netflix, Inc. will post 6.06 earnings per share for the current year.

NFLX has been the topic of a number of recent analyst reports. Citigroup upped their target price on shares of Netflix from $325.00 to $350.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. UBS Group set a $400.00 target price on shares of Netflix and gave the company a “buy” rating in a research note on Thursday, January 23rd. Imperial Capital dropped their price objective on shares of Netflix from $446.00 to $438.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. Goldman Sachs Group set a $430.00 price objective on shares of Netflix and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Guggenheim increased their price objective on shares of Netflix from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. Netflix currently has a consensus rating of “Buy” and a consensus target price of $381.58.

A number of hedge funds and other institutional investors have recently bought and sold shares of NFLX. Norges Bank bought a new position in Netflix in the 4th quarter worth about $1,195,984,000. Private Advisor Group LLC grew its position in Netflix by 100.9% in the 4th quarter. Private Advisor Group LLC now owns 30,154 shares of the Internet television network’s stock worth $9,757,000 after purchasing an additional 3,558,154 shares during the last quarter. Capital International Investors grew its position in Netflix by 36.5% in the 4th quarter. Capital International Investors now owns 10,758,982 shares of the Internet television network’s stock worth $3,481,284,000 after purchasing an additional 2,874,435 shares during the last quarter. Capital Research Global Investors grew its position in Netflix by 7.7% in the 4th quarter. Capital Research Global Investors now owns 38,002,047 shares of the Internet television network’s stock worth $12,296,322,000 after purchasing an additional 2,713,207 shares during the last quarter. Finally, Capital World Investors boosted its holdings in shares of Netflix by 13.1% in the fourth quarter. Capital World Investors now owns 14,480,179 shares of the Internet television network’s stock valued at $4,685,351,000 after acquiring an additional 1,682,813 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Netflix Company Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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

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