Netflix, Inc. (NASDAQ:NFLX) CEO Reed Hastings sold 115,577 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $152.63, for a total value of $17,640,517.51. Following the completion of the sale, the chief executive officer now directly owns 115,577 shares in the company, valued at $17,640,517.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Monday, May 22nd, Reed Hastings sold 101,815 shares of Netflix stock. The shares were sold at an average price of $157.13, for a total value of $15,998,190.95.
  • On Thursday, April 20th, Reed Hastings sold 91,994 shares of Netflix stock. The shares were sold at an average price of $140.97, for a total value of $12,968,394.18.

Netflix, Inc. (NASDAQ NFLX) traded up 1.96% during mid-day trading on Wednesday, reaching $155.03. The company’s stock had a trading volume of 5,800,164 shares. The stock’s 50-day moving average is $158.38 and its 200-day moving average is $143.59. The firm has a market capitalization of $66.82 billion, a PE ratio of 200.56 and a beta of 0.96. Netflix, Inc. has a 12 month low of $84.50 and a 12 month high of $166.87.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, April 17th. The Internet television network reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.03. Netflix had a return on equity of 12.73% and a net margin of 3.55%. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the previous year, the company posted $0.06 earnings per share. The business’s revenue for the quarter was up 34.7% compared to the same quarter last year. On average, equities analysts anticipate that Netflix, Inc. will post $1.05 EPS for the current year.

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

TRADEMARK VIOLATION WARNING: “Insider Selling: Netflix, Inc. (NFLX) CEO Sells 115,577 Shares of Stock” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/06/21/insider-selling-netflix-inc-nflx-ceo-sells-115577-shares-of-stock.html.

Several hedge funds and other institutional investors have recently bought and sold shares of NFLX. Bronfman E.L. Rothschild L.P. raised its position in Netflix by 0.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock worth $168,000 after buying an additional 9 shares in the last quarter. Guardian Life Insurance Co. of America raised its position 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 worth $245,000 after buying an additional 11 shares in the last quarter. Assetmark Inc. raised its position in Netflix by 3.1% in the first quarter. Assetmark Inc. now owns 1,201 shares of the Internet television network’s stock worth $178,000 after buying an additional 36 shares in the last quarter. Arthur M. Cohen & Associates LLC raised its position in Netflix by 1.7% in the first quarter. Arthur M. Cohen & Associates LLC now owns 2,244 shares of the Internet television network’s stock worth $332,000 after buying an additional 38 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in Netflix by 2.1% in the first quarter. Fifth Third Bancorp now owns 2,359 shares of the Internet television network’s stock worth $349,000 after buying an additional 49 shares in the last quarter. Institutional investors and hedge funds own 82.77% of the company’s stock.

Several equities analysts have recently weighed in on NFLX shares. Zacks Investment Research upgraded Netflix from a “hold” rating to a “buy” rating and set a $159.00 target price on the stock in a research report on Tuesday, February 21st. MKM Partners restated a “buy” rating and issued a $175.00 target price on shares of Netflix in a research report on Tuesday, March 14th. Royal Bank Of Canada restated a “buy” rating and issued a $175.00 target price on shares of Netflix in a research report on Tuesday, March 14th. J P Morgan Chase & Co restated a “buy” rating and issued a $175.00 target price on shares of Netflix in a research report on Tuesday, March 14th. Finally, Loop Capital restated a “buy” rating and issued a $167.00 target price (up previously from $159.00) on shares of Netflix in a research report on Monday, March 20th. Two 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 stock. The company has an average rating of “Buy” and an average price target of $148.79.

Netflix Company Profile

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.

Receive News & Ratings for Netflix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.