Netflix CEO Sells $4,591,209 in Stock (NFLX)
Netflix (NASDAQ:NFLX) CEO Reed Hastings unloaded 15,238 shares of Netflix stock on the open market in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $301.30, for a total value of $4,591,209.40. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Albert Fried & Company raised their price target on shares of Netflix (NASDAQ:NFLX) from $80.00 to $122.00 in a research note to investors on Sunday. They now have an “underweight” rating on the stock. Separately, analysts at CRT Capital initiated coverage on shares of Netflix (NASDAQ:NFLX) in a research note to investors on Thursday, September 19th. They set a “fair value” rating on the stock. Finally, analysts at TheStreet reiterated a “hold” rating on shares of Netflix (NASDAQ:NFLX) in a research note to investors on Tuesday, September 17th.
Six analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $228.48.
Netflix (NASDAQ:NFLX) traded up 0.21% during mid-day trading on Wednesday, hitting $307.14. 2,093,183 shares of the company’s stock traded hands. Netflix has a 1-year low of $54.16 and a 1-year high of $320.39. The stock’s 50-day moving average is $284.0 and its 200-day moving average is $232.2. The company has a market cap of $18.097 billion and a price-to-earnings ratio of 381.68.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, July 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.09. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. Analysts expect that Netflix will post $1.49 EPS for the current fiscal year.
Netflix, Inc (NASDAQ:NFLX), incorporated on August 29, 1997, is an Internet subscription service streaming television shows and movies.
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