Netflix CEO Reed Hastings Unloads 15,238 Shares (NFLX)
Netflix (NASDAQ:NFLX) CEO Reed Hastings unloaded 15,238 shares of the company’s stock on the open market in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $401.52, for a total transaction of $6,118,361.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Netflix (NASDAQ:NFLX) traded up 3.48% on Thursday, hitting $415.20. The stock had a trading volume of 3,265,363 shares. Netflix has a 52-week low of $205.75 and a 52-week high of $458.00. The stock has a 50-day moving average of $347.7 and a 200-day moving average of $374.6. The company has a market cap of $24.887 billion and a price-to-earnings ratio of 150.79.
Netflix (NASDAQ:NFLX) last released its earnings data on Monday, April 21st. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 24.0% on a year-over-year basis. Analysts expect that Netflix will post $4.15 EPS for the current fiscal year.
NFLX has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Netflix from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 22nd. They now have a $410.00 price target on the stock. Separately, analysts at Topeka Capital Markets initiated coverage on shares of Netflix in a research note on Tuesday, May 20th. They set a “buy” rating and a $421.00 price target on the stock. Finally, analysts at Cantor Fitzgerald upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research note on Friday, May 16th. They now have a $425.00 price target on the stock, up previously from $405.00. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $380.31.
Netflix, Inc is an Internet television network with more than 33 million members in over 40 countries.
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