Insider Selling: Netflix, Inc. (NFLX) CEO Sells 52,458 Shares of Stock

Netflix, Inc. (NASDAQ:NFLX) CEO Reed Hastings sold 52,458 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $367.25, for a total transaction of $19,265,200.50. Following the completion of the transaction, the chief executive officer now owns 52,458 shares of the company’s stock, valued at $19,265,200.50. The sale was disclosed in a filing with the SEC, which is available at this link.

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

  • On Tuesday, February 19th, Reed Hastings sold 54,418 shares of Netflix stock. The stock was sold at an average price of $362.00, for a total transaction of $19,699,316.00.
  • On Tuesday, January 22nd, Reed Hastings sold 67,907 shares of Netflix stock. The stock was sold at an average price of $328.17, for a total transaction of $22,285,040.19.
  • On Monday, December 24th, Reed Hastings sold 63,147 shares of Netflix stock. The shares were sold at an average price of $241.12, for a total transaction of $15,226,004.64.

Shares of Netflix stock traded down $2.27 on Monday, hitting $348.87. 8,666,697 shares of the company traded hands, compared to its average volume of 9,325,109. The stock has a market cap of $160.52 billion, a P/E ratio of 130.18, a PEG ratio of 3.08 and a beta of 1.36. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.49 and a quick ratio of 1.49. Netflix, Inc. has a 52 week low of $231.23 and a 52 week high of $423.21.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, January 17th. The Internet television network reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.06. Netflix had a net margin of 7.67% and a return on equity of 25.82%. The firm had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter last year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was up 27.4% compared to the same quarter last year. As a group, equities analysts expect that Netflix, Inc. will post 3.98 EPS for the current year.

Several brokerages recently commented on NFLX. BidaskClub downgraded shares of Netflix from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Rosenblatt Securities started coverage on shares of Netflix in a research report on Tuesday, April 2nd. They set a “neutral” rating and a $350.00 price objective on the stock. ValuEngine downgraded shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. set a $435.00 price target on shares of Netflix and gave the company a “buy” rating in a report on Tuesday, April 2nd. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $440.00 price target on shares of Netflix in a report on Wednesday, April 3rd. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. Netflix currently has a consensus rating of “Hold” and an average price target of $375.71.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Flagship Harbor Advisors LLC boosted its stake in Netflix by 2.8% during the first quarter. Flagship Harbor Advisors LLC now owns 8,864 shares of the Internet television network’s stock worth $3,160,000 after buying an additional 245 shares during the period. Jag Capital Management LLC boosted its stake in shares of Netflix by 33.6% during the first quarter. Jag Capital Management LLC now owns 39,907 shares of the Internet television network’s stock valued at $14,229,000 after purchasing an additional 10,026 shares during the period. BT Wealth Management LLC purchased a new stake in shares of Netflix during the first quarter valued at $357,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Netflix during the first quarter valued at $689,000. Finally, Raymond James Trust N.A. boosted its stake in shares of Netflix by 34.7% during the first quarter. Raymond James Trust N.A. now owns 3,837 shares of the Internet television network’s stock valued at $1,368,000 after purchasing an additional 988 shares during the period. Institutional investors own 76.10% of the company’s stock.

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Netflix Company Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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

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