Netflix, Inc. (NASDAQ:NFLX) CEO Reed Hastings sold 75,467 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $185.02, for a total value of $13,962,904.34. Following the sale, the chief executive officer now owns 75,467 shares in the company, valued at $13,962,904.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Monday, August 21st, Reed Hastings sold 93,380 shares of Netflix stock. The shares were sold at an average price of $166.07, for a total value of $15,507,616.60.
  • 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 value of $20,598,852.54.

Shares of Netflix, Inc. (NASDAQ NFLX) traded down 0.65% during trading on Friday, hitting $187.55. The stock had a trading volume of 3,075,769 shares. The company’s 50 day moving average price is $175.28 and its 200 day moving average price is $160.06. Netflix, Inc. has a 52 week low of $93.26 and a 52 week high of $191.50. The company has a market capitalization of $80.97 billion, a price-to-earnings ratio of 228.16 and a beta of 1.05.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). Netflix had a net margin of 3.55% and a return on equity of 12.82%. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the previous year, the company posted $0.09 EPS. Netflix’s revenue for the quarter was up 32.3% on a year-over-year basis. Analysts predict that Netflix, Inc. will post $1.17 earnings per share for the current year.

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Institutional investors have recently bought and sold shares of the stock. Calamos Advisors LLC lifted its stake in Netflix by 198.5% in the second quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock valued at $31,218,000 after purchasing an additional 138,945 shares during the last quarter. Alps Advisors Inc. purchased a new position in Netflix in the second quarter valued at approximately $262,000. Guardian Life Insurance Co. of America lifted its stake in Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after purchasing an additional 11 shares during the last quarter. Teachers Advisors LLC lifted its stake in Netflix by 2.0% in the first quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock valued at $192,231,000 after purchasing an additional 25,266 shares during the last quarter. Finally, Banco Santander S.A. purchased a new position in Netflix in the first quarter valued at approximately $43,264,000. Institutional investors and hedge funds own 81.03% of the company’s stock.

A number of analysts have recently issued reports on NFLX shares. Piper Jaffray Companies restated a “buy” rating and set a $215.00 price objective on shares of Netflix in a research report on Monday. Vetr upgraded Netflix from a “sell” rating to a “hold” rating and set a $165.75 price objective on the stock in a research report on Thursday, August 10th. MKM Partners restated a “buy” rating and set a $195.00 price objective on shares of Netflix in a research report on Monday, July 10th. J P Morgan Chase & Co restated a “buy” rating on shares of Netflix in a research report on Wednesday, August 9th. Finally, KeyCorp restated a “buy” rating and set a $190.00 price objective on shares of Netflix in a research report on Friday, August 25th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Netflix presently has an average rating of “Buy” and a consensus price target of $178.90.

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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