Netflix, Inc. (NASDAQ:NFLX) CEO Reed Hastings sold 99,883 shares of the firm’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $368.25, for a total value of $36,781,914.75. Following the completion of the transaction, the chief executive officer now owns 99,883 shares in the company, valued at $36,781,914.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Monday, August 20th, Reed Hastings sold 77,672 shares of Netflix stock. The stock was sold at an average price of $323.01, for a total value of $25,088,832.72.
  • On Monday, July 23rd, Reed Hastings sold 75,656 shares of Netflix stock. The stock was sold at an average price of $359.64, for a total value of $27,208,923.84.

NFLX stock traded up $8.45 during midday trading on Wednesday, hitting $377.88. 13,549,100 shares of the company’s stock were exchanged, compared to its average volume of 10,802,814. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.86. Netflix, Inc. has a 12-month low of $176.58 and a 12-month high of $423.21. The company has a market capitalization of $160.95 billion, a PE ratio of 299.44, a P/E/G ratio of 4.62 and a beta of 0.90.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, July 16th. The Internet television network reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.05. The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.94 billion. Netflix had a return on equity of 25.66% and a net margin of 7.13%. Netflix’s revenue for the quarter was up 40.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 EPS. sell-side analysts anticipate that Netflix, Inc. will post 2.67 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Berkeley Capital Partners LLC grew its position in shares of Netflix by 17.3% in the 2nd quarter. Berkeley Capital Partners LLC now owns 1,008 shares of the Internet television network’s stock worth $273,000 after acquiring an additional 149 shares in the last quarter. Capstone Financial Advisors Inc. boosted its position in Netflix by 17.8% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 1,006 shares of the Internet television network’s stock valued at $394,000 after purchasing an additional 152 shares during the period. Cornerstone Advisors Inc. boosted its position in Netflix by 9.6% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,740 shares of the Internet television network’s stock valued at $681,000 after purchasing an additional 153 shares during the period. Cobblestone Capital Advisors LLC NY boosted its position in Netflix by 22.1% during the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 855 shares of the Internet television network’s stock valued at $335,000 after purchasing an additional 155 shares during the period. Finally, SignalPoint Asset Management LLC boosted its position in Netflix by 8.4% during the 2nd quarter. SignalPoint Asset Management LLC now owns 2,060 shares of the Internet television network’s stock valued at $806,000 after purchasing an additional 160 shares during the period. Institutional investors own 73.72% of the company’s stock.

Several brokerages recently commented on NFLX. Royal Bank of Canada reiterated a “buy” rating and set a $360.00 target price on shares of Netflix in a report on Friday, June 1st. UBS Group downgraded Netflix from a “buy” rating to a “neutral” rating and dropped their target price for the company from $425.00 to $237.00 in a report on Wednesday, July 11th. Goldman Sachs Group reiterated a “$375.13” rating and set a $470.00 target price on shares of Netflix in a report on Wednesday, July 18th. Atlantic Securities reiterated a “buy” rating and set a $413.00 target price on shares of Netflix in a report on Monday, September 3rd. Finally, SunTrust Banks raised their target price on Netflix from $270.00 to $415.00 and gave the company a “hold” rating in a report on Friday, July 13th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirty-two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $355.69.

Netflix Company Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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