Netflix, Inc. (NASDAQ:NFLX) CEO Reed Hastings sold 93,380 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $166.07, for a total transaction of $15,507,616.60. Following the completion of the sale, the chief executive officer now directly owns 93,380 shares of the company’s stock, valued at approximately $15,507,616.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Monday, July 24th, Reed Hastings sold 109,214 shares of Netflix stock. The shares were sold at an average price of $188.61, for a total transaction of $20,598,852.54.
  • On Tuesday, June 20th, Reed Hastings sold 115,577 shares of Netflix stock. The shares were sold at an average price of $152.63, for a total transaction of $17,640,517.51.

Shares of Netflix, Inc. (NASDAQ NFLX) opened at 169.34 on Wednesday. The company has a 50-day moving average of $171.32 and a 200-day moving average of $155.14. Netflix, Inc. has a 12 month low of $93.26 and a 12 month high of $191.50. The firm has a market cap of $73.11 billion, a P/E ratio of 206.01 and a beta of 1.02.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.01. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The company’s revenue was up 32.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 EPS. Equities analysts forecast that Netflix, Inc. will post $1.19 EPS for the current fiscal year.

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Large investors have recently bought and sold shares of the stock. FMR LLC boosted its stake in shares of Netflix by 12.4% in the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock valued at $3,531,042,000 after buying an additional 2,605,731 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Netflix by 21.4% in the first quarter. Jennison Associates LLC now owns 12,947,211 shares of the Internet television network’s stock valued at $1,913,727,000 after buying an additional 2,279,835 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Netflix by 3,478.1% in the second quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock valued at $305,014,000 after buying an additional 1,984,404 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Netflix by 3.5% in the first quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock valued at $4,014,680,000 after buying an additional 921,283 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Netflix by 22,622.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock valued at $121,708,000 after buying an additional 811,007 shares in the last quarter. Hedge funds and other institutional investors own 82.94% of the company’s stock.

Several equities research analysts recently weighed in on NFLX shares. Vetr raised shares of Netflix from a “sell” rating to a “hold” rating and set a $165.75 price objective for the company in a research report on Thursday, August 10th. MKM Partners reissued a “buy” rating and issued a $195.00 target price on shares of Netflix in a report on Monday, July 10th. J P Morgan Chase & Co reissued a “buy” rating on shares of Netflix in a report on Wednesday, August 9th. Zacks Investment Research raised shares of Netflix from a “hold” rating to a “buy” rating and set a $173.00 target price for the company in a report on Thursday, July 13th. Finally, Piper Jaffray Companies increased their target price on shares of Netflix from $166.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $175.12.

About Netflix

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.

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

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