Reed Hastings Sells 386,700 Shares of Netflix (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) Director Reed Hastings sold 386,700 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $85.97, for a total value of $33,244,599.00. Following the completion of the transaction, the director owned 3,940 shares of the company’s stock, valued at $338,721.80. This represents a 98.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, May 1st, Reed Hastings sold 407,550 shares of Netflix stock. The stock was sold at an average price of $93.13, for a total value of $37,955,131.50.
• On Wednesday, April 1st, Reed Hastings sold 420,550 shares of Netflix stock. The shares were sold at an average price of $95.49, for a total value of $40,158,319.50.

Netflix Stock Performance

Netflix stock opened at $81.52 on Thursday. The business has a 50 day moving average of $92.59 and a 200-day moving average of $92.67. The company has a market capitalization of $343.26 billion, a P/E ratio of 26.33, a P/E/G ratio of 1.06 and a beta of 1.50. Netflix, Inc. has a 1 year low of $75.01 and a 1 year high of $134.12. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, topping the consensus estimate of $0.76 by $0.47. The business had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The firm’s revenue was up 16.2% compared to the same quarter last year. During the same period last year, the company earned $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, equities research analysts predict that Netflix, Inc. will post 3.6 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Financial Corp IN grew its stake in Netflix by 900.0% in the fourth quarter. First Financial Corp IN now owns 270 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 243 shares during the period. DiNuzzo Private Wealth Inc. increased its holdings in shares of Netflix by 885.2% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 239 shares in the last quarter. Turning Point Benefit Group Inc. raised its position in shares of Netflix by 13,400.0% during the fourth quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 268 shares during the period. Imprint Wealth LLC bought a new position in shares of Netflix in the 3rd quarter worth $25,000. Finally, Cornerstone Financial Management LLC bought a new position in shares of Netflix in the 4th quarter worth $26,000. 80.93% of the stock is owned by institutional investors.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is still expanding beyond core streaming, with new live-content initiatives and franchise-based consumer product partnerships that could create additional revenue streams over time. A Look At Netflix (NFLX) Valuation As Live Content And Franchise Deals Broaden Its Business Model
• Positive Sentiment: Some commentary says Netflix may be attractively valued after the recent pullback, pointing to improved free cash flow guidance and a growing advertising business. Has Netflix Become More of a Value Stock Than a Growth Stock?
• Neutral Sentiment: Investors and analysts are debating whether Netflix is evolving from a pure growth stock into a more mature, value-like business, which may influence how the market prices the shares going forward. Amid the Artificial Intelligence (AI) Bonanza, Investors Might be Overlooking a Big Opportunity to Buy Netflix Stock
• Negative Sentiment: Netflix’s stock is falling even as the broader market has been stronger, reflecting weak momentum and concern that the shares may still be vulnerable after their earlier run-up. Netflix (NFLX) Stock Falls Amid Market Uptick: What Investors Need to Know
• Negative Sentiment: Director Reed Hastings sold 386,700 shares in a pre-arranged 10b5-1 plan, adding to negative sentiment even though the sale was not discretionary. Insider Selling: Netflix (NASDAQ:NFLX) Director Sells 386,700 Shares of Stock

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Weiss Ratings raised Netflix from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Citizens Jmp reissued a “market perform” rating on shares of Netflix in a research note on Wednesday, April 15th. Evercore started coverage on Netflix in a research report on Friday, February 27th. They set an “outperform” rating and a $115.00 price objective for the company. Wedbush reaffirmed an “outperform” rating and issued a $118.00 price objective on shares of Netflix in a research note on Thursday, April 16th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Netflix from $98.00 to $100.00 and gave the company a “hold” rating in a report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.82.

Netflix Company Profile

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.