Netflix (NFLX) CEO Sells $24,534,438.18 in Stock

Netflix (NASDAQ:NFLX) CEO Reed Hastings sold 75,558 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 75,558 shares of the company’s stock, valued at approximately $24,534,438.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.

NFLX opened at $313.98 on Friday. Netflix has a 12 month low of $144.25 and a 12 month high of $338.82. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market capitalization of $133,459.30, a P/E ratio of 251.18, a price-to-earnings-growth ratio of 3.99 and a beta of 0.99.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, April 16th. The Internet television network reported $0.64 EPS for the quarter, beating the 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 for the quarter, compared to analysts’ expectations of $3.69 billion. During the same period last year, the firm earned $0.40 EPS. The firm’s revenue was up 40.3% compared to the same quarter last year. research analysts expect that Netflix will post 2.88 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of NFLX. James Hambro & Partners acquired a new stake in Netflix in the 4th quarter valued at approximately $106,000. Duncker Streett & Co. Inc. increased its position in Netflix by 47.1% in the 4th 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 during the period. Wagner Wealth Management LLC acquired a new stake in Netflix in the 4th quarter valued at approximately $125,000. Crewe Advisors LLC acquired a new stake in Netflix in the 4th quarter valued at approximately $149,000. Finally, Goodman Financial Corp acquired a new stake in Netflix in the 4th quarter valued at approximately $163,000. Hedge funds and other institutional investors own 81.83% of the company’s stock.

Several brokerages have issued reports on NFLX. Vetr cut Netflix from a “hold” rating to a “sell” rating and set a $266.74 price objective on the stock. in a research note on Thursday, February 22nd. Raymond James upped their price objective on Netflix from $290.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, April 10th. Credit Suisse Group restated a “neutral” rating and set a $266.00 price objective (up previously from $224.00) on shares of Netflix in a research note on Tuesday, January 23rd. Buckingham Research restated a “neutral” rating and set a $251.00 price objective (up previously from $235.00) on shares of Netflix in a research note on Thursday, January 18th. Finally, Loop Capital upped their price objective on Netflix from $237.00 to $241.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $296.12.

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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