Netflix, Inc. (NASDAQ:NFLX) CEO Reed Hastings sold 109,214 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $188.61, for a total transaction of $20,598,852.54. Following the completion of the sale, the chief executive officer now owns 109,214 shares in the company, valued at $20,598,852.54. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • 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.
  • 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 transaction of $15,998,190.95.

Shares of Netflix, Inc. (NFLX) traded down 0.50% during mid-day trading on Tuesday, reaching $186.97. The company had a trading volume of 5,372,126 shares. Netflix, Inc. has a 12-month low of $90.10 and a 12-month high of $188.66. The firm has a market capitalization of $80.72 billion, a PE ratio of 227.46 and a beta of 0.99. The stock has a 50 day moving average price of $159.42 and a 200 day moving average price of $149.39.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business’s quarterly revenue was up 32.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 earnings per share. On average, equities analysts forecast that Netflix, Inc. will post $1.16 earnings per share for the current year.

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A number of institutional investors have recently bought and sold shares of the company. 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 valued at $168,000 after buying an additional 9 shares during 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 valued at $245,000 after buying an additional 11 shares during the last quarter. M Holdings Securities Inc. raised its position in Netflix by 0.5% in the first quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock valued at $365,000 after buying an additional 12 shares during the last quarter. Heritage Investors Management Corp raised its position in Netflix by 0.6% in the second quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock valued at $298,000 after buying an additional 12 shares during the last quarter. Finally, Northwest Wealth Management LLC raised its position in Netflix by 0.8% in the second quarter. Northwest Wealth Management LLC now owns 1,890 shares of the Internet television network’s stock valued at $282,000 after buying an additional 15 shares during the last quarter. Institutional investors and hedge funds own 82.82% of the company’s stock.

A number of analysts recently weighed in on NFLX shares. Loop Capital reiterated a “buy” rating and issued a $167.00 price target on shares of Netflix in a research report on Monday, April 10th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $170.00 price target on shares of Netflix in a research report on Friday, April 14th. Cantor Fitzgerald reiterated a “buy” rating and issued a $160.00 price target (up from $148.64) on shares of Netflix in a research report on Thursday, April 13th. MKM Partners reiterated a “buy” rating and issued a $175.00 price target on shares of Netflix in a research report on Monday, March 27th. Finally, Pivotal Research increased their price target on shares of Netflix from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, April 18th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-nine have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $169.38.

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.

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

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