Netflix, Inc. (NFLX) CEO Sells $14,766,438.75 in Stock

Netflix, Inc. (NASDAQ:NFLX) CEO Reed Hastings sold 75,243 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $196.25, for a total transaction of $14,766,438.75. Following the sale, the chief executive officer now owns 75,243 shares in the company, valued at approximately $14,766,438.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Monday, October 23rd, Reed Hastings sold 83,335 shares of Netflix stock. The stock was sold at an average price of $192.79, for a total transaction of $16,066,154.65.
  • On Wednesday, September 20th, Reed Hastings sold 75,467 shares of Netflix stock. The stock was sold at an average price of $185.02, for a total transaction of $13,962,904.34.

Netflix, Inc. (NFLX) opened at $195.75 on Friday. Netflix, Inc. has a fifty-two week low of $113.95 and a fifty-two week high of $204.38. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $84,953.77, a price-to-earnings ratio of 198.30, a P/E/G ratio of 5.83 and a beta of 1.39.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same period last year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was up 30.3% compared to the same quarter last year. research analysts predict that Netflix, Inc. will post 1.26 EPS for the current year.

NFLX has been the topic of a number of recent analyst reports. Piper Jaffray Companies restated an “overweight” rating and set a $215.00 target price (up previously from $198.00) on shares of Netflix in a research note on Tuesday, August 8th. Jefferies Group LLC restated a “hold” rating and set a $165.00 target price (down previously from $171.80) on shares of Netflix in a research note on Wednesday, August 9th. J P Morgan Chase & Co restated a “buy” rating on shares of Netflix in a research note on Wednesday, August 9th. Wedbush restated a “sell” rating on shares of Netflix in a research note on Wednesday, August 9th. Finally, Vetr upgraded shares of Netflix from a “sell” rating to a “hold” rating and set a $165.75 target price on the stock in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and thirty-two have assigned a buy rating to the company’s stock. Netflix has an average rating of “Buy” and a consensus price target of $207.20.

Hedge funds have recently bought and sold shares of the stock. Balentine LLC lifted its position in 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 buying an additional 500 shares during the last quarter. Almanack Investment Partners LLC. bought a new stake in Netflix in the second quarter worth $101,000. Appropriate Balance Financial Services Inc. lifted its position in Netflix by 5.6% in the second quarter. Appropriate Balance Financial Services Inc. now owns 702 shares of the Internet television network’s stock worth $4,701,000 after buying an additional 37 shares during the last quarter. Aviance Capital Management LLC bought a new stake in Netflix in the second quarter worth $137,000. Finally, Captrust Financial Advisors bought a new stake in Netflix in the second quarter worth $139,000. 80.32% of the stock is owned by hedge funds and other institutional investors.

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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.

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