Netflix, Inc. (NASDAQ:NFLX) CEO Reed Hastings sold 93,380 shares of Netflix stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $166.07, for a total transaction of $15,507,616.60. Following the sale, the chief executive officer now owns 93,380 shares of the company’s stock, valued at $15,507,616.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • 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 transaction of $20,598,852.54.
  • 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.

Shares of Netflix, Inc. (NASDAQ NFLX) traded up 1.55% during mid-day trading on Tuesday, hitting $169.34. 4,885,388 shares of the stock were exchanged. The company’s 50-day moving average is $171.32 and its 200-day moving average is $155.14. Netflix, Inc. has a 1-year low of $93.26 and a 1-year high of $191.50. The firm has a market cap of $73.11 billion, a price-to-earnings ratio of 206.01 and a beta of 1.02.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.01. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The company’s revenue was up 32.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 EPS. Equities research analysts anticipate that Netflix, Inc. will post $1.19 earnings per share for the current fiscal year.

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A number of research firms have recently issued reports on NFLX. UBS AG reiterated a “buy” rating and set a $175.00 price target on shares of Netflix in a research report on Monday, May 15th. Jefferies Group LLC reiterated a “hold” rating and set a $165.00 price target (down from $171.80) on shares of Netflix in a research report on Wednesday, August 9th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Netflix in a research report on Wednesday, August 9th. Wedbush reiterated a “sell” rating on shares of Netflix in a research report on Wednesday, August 9th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $215.00 price target on shares of Netflix in a research report on Monday, August 14th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-eight have given a buy rating to the stock. Netflix presently has a consensus rating of “Buy” and an average price target of $175.12.

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Netflix by 2.9% in the second quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock valued at $4,176,049,000 after buying an additional 789,190 shares during the last quarter. BlackRock Inc. boosted its stake in Netflix by 1.7% in the second quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network’s stock valued at $3,834,416,000 after buying an additional 423,968 shares during the last quarter. FMR LLC boosted its stake in Netflix by 12.4% in the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock valued at $3,531,042,000 after buying an additional 2,605,731 shares during the last quarter. State Street Corp boosted its stake in Netflix by 2.7% in the first quarter. State Street Corp now owns 17,535,737 shares of the Internet television network’s stock valued at $2,591,946,000 after buying an additional 463,143 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in Netflix by 14.0% in the second quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock valued at $2,208,891,000 after buying an additional 1,814,056 shares during the last quarter. Hedge funds and other institutional investors own 82.94% of the company’s stock.

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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