Netflix, Inc. (NASDAQ:NFLX) CEO Reed Hastings sold 75,243 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $196.25, for a total transaction of $14,766,438.75. Following the completion of the sale, the chief executive officer now owns 75,243 shares in the company, valued at approximately $14,766,438.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Monday, October 23rd, Reed Hastings sold 83,335 shares of Netflix stock. The stock was sold at an average price of $192.79, for a total transaction of $16,066,154.65.
  • On Wednesday, September 20th, Reed Hastings sold 75,467 shares of Netflix stock. The stock was sold at an average price of $185.02, for a total transaction of $13,962,904.34.

Shares of Netflix, Inc. (NFLX) traded up $0.09 during trading on Wednesday, reaching $196.32. 5,893,257 shares of the company’s stock traded hands, compared to its average volume of 6,664,581. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $84,950.00, a PE ratio of 196.06, a PEG ratio of 5.77 and a beta of 1.39. Netflix, Inc. has a twelve month low of $113.95 and a twelve month high of $204.38.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03). The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The firm’s quarterly revenue was up 30.3% on a year-over-year basis. During the same period last year, the firm posted $0.12 earnings per share. research analysts forecast that Netflix, Inc. will post 1.26 earnings per share for the current fiscal year.

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A number of equities research analysts recently weighed in on the stock. Jefferies Group LLC set a $190.00 target price on shares of Netflix and gave the stock a “neutral” rating in a report on Tuesday, October 17th. Wedbush set a $93.00 target price on shares of Netflix and gave the stock a “sell” rating in a report on Tuesday, October 17th. FBR & Co restated a “buy” rating and issued a $207.00 target price (up previously from $172.00) on shares of Netflix in a report on Tuesday, October 17th. Royal Bank Of Canada upped their target price on shares of Netflix from $210.00 to $250.00 and gave the stock an “outperform” rating in a report on Tuesday, October 17th. Finally, Pivotal Research upped their target price on shares of Netflix from $200.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and thirty-two have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $207.20.

Institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC purchased a new position in Netflix in the second quarter worth about $1,045,000. Lincoln National Corp raised its holdings in Netflix by 7.0% in the third quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock worth $742,000 after buying an additional 268 shares during the last quarter. Calamos Advisors LLC raised its holdings in Netflix by 198.5% in the second quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock worth $31,218,000 after buying an additional 138,945 shares during the last quarter. Alps Advisors Inc. purchased a new position in Netflix in the second quarter worth about $262,000. Finally, BB&T Corp raised its holdings in Netflix by 20.0% in the third quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock worth $700,000 after buying an additional 642 shares during the last quarter. 80.32% of the stock is owned by institutional investors and hedge funds.

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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