Reed Hastings Sells 386,700 Shares of Netflix (NASDAQ:NFLX) Stock - American Market News
Author: ABMN Staff
Description: Read Reed Hastings Sells 386,700 Shares of Netflix (NASDAQ:NFLX) Stock at American Market News
Keywords: Netflix,NASDAQ:NFLX,NFLX,Consumer Discretionary,64110L10,Insider Trading, Insider Trades, Stocks
Date: 2026-06-04T04:26:27+0000

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

Posted by ABMN Staff on Jun 4th, 2026

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Netflix, Inc. (NASDAQ:NFLX – Get Free Report) 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.

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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 – Get Free Report) 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.

Get Our Latest Stock Report on NFLX

## Netflix Company Profile

(Get Free Report)

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.

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