Netflix Inc. (NASDAQ:NFLX) CEO Reed Hastings sold 74,564 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $118.02, for a total value of $8,800,043.28. Following the completion of the sale, the chief executive officer now directly owns 74,564 shares of the company’s stock, valued at $8,800,043.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Thursday, October 20th, Reed Hastings sold 79,149 shares of Netflix stock. The shares were sold at an average price of $122.52, for a total value of $9,697,335.48.
  • On Tuesday, September 20th, Reed Hastings sold 84,665 shares of Netflix stock. The shares were sold at an average price of $98.47, for a total value of $8,336,962.55.

Shares of Netflix Inc. (NASDAQ:NFLX) remained flat at $117.69 during midday trading on Thursday. 4,521,314 shares of the stock traded hands. Netflix Inc. has a 12-month low of $79.95 and a 12-month high of $133.27. The firm’s 50 day moving average is $116.35 and its 200 day moving average is $100.56. The company has a market capitalization of $50.51 billion, a P/E ratio of 318.08 and a beta of 1.81.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, October 17th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.06. The company earned $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. Netflix had a return on equity of 6.31% and a net margin of 1.99%. The firm’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the company earned $0.07 earnings per share. On average, equities research analysts expect that Netflix Inc. will post $0.40 EPS for the current fiscal year.

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

Large investors have recently modified their holdings of the company. Baillie Gifford & Co. raised its stake in shares of Netflix by 4.5% in the second quarter. Baillie Gifford & Co. now owns 7,316,440 shares of the Internet television network’s stock valued at $669,307,000 after buying an additional 314,275 shares during the period. Private Capital Management Inc. purchased a new stake in shares of Netflix during the second quarter valued at about $631,000. State Board of Administration of Florida Retirement System raised its stake in shares of Netflix by 17.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 615,420 shares of the Internet television network’s stock valued at $56,299,000 after buying an additional 93,313 shares during the period. Advisory Services Network LLC raised its stake in shares of Netflix by 15.0% in the second quarter. Advisory Services Network LLC now owns 5,415 shares of the Internet television network’s stock valued at $495,000 after buying an additional 706 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of Netflix by 0.4% in the second quarter. Nordea Investment Management AB now owns 17,105 shares of the Internet television network’s stock valued at $1,565,000 after buying an additional 74 shares during the period. 77.71% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently commented on the company. Vetr cut Netflix from a “strong-buy” rating to a “buy” rating and set a $100.98 target price for the company. in a research report on Tuesday, August 2nd. Raymond James Financial Inc. set a $120.00 target price on Netflix and gave the stock a “buy” rating in a research report on Sunday, October 16th. Wedbush reaffirmed an “underperform” rating and issued a $60.00 target price (up from $50.00) on shares of Netflix in a research report on Tuesday, October 18th. RBC Capital Markets reaffirmed a “buy” rating on shares of Netflix in a research report on Thursday, September 15th. Finally, Royal Bank Of Canada raised their target price on Netflix from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 18th. Eight research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirty have given a buy rating to the company. Netflix currently has a consensus rating of “Hold” and an average target price of $118.48.

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About Netflix

Netflix, Inc (Netflix) is a provider of Internet television network. The Company’s members can watch original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.

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