Netflix (NASDAQ:NFLX) Director Sells $49,426,897.92 in Stock

Netflix, Inc. (NASDAQ:NFLX) Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the completion of the transaction, the director owned 394 shares in the company, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, September 2nd, Reed Hastings sold 25,959 shares of Netflix stock. The stock was sold at an average price of $1,207.71, for a total transaction of $31,350,943.89.
• On Friday, August 1st, Reed Hastings sold 22,765 shares of Netflix stock. The shares were sold at an average price of $1,162.46, for a total transaction of $26,463,401.90.

Netflix Trading Down 0.8%

Shares of Netflix stock opened at $1,153.32 on Friday. The firm has a market cap of $490.08 billion, a price-to-earnings ratio of 49.14, a price-to-earnings-growth ratio of 1.94 and a beta of 1.59. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The company’s 50-day simple moving average is $1,207.36 and its 200-day simple moving average is $1,160.35. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the previous year, the company earned $4.88 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Optima Capital LLC raised its stake in Netflix by 3.5% during the second quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock worth $320,000 after purchasing an additional 8 shares during the period. Unified Investment Management increased its holdings in shares of Netflix by 1.7% during the 2nd quarter. Unified Investment Management now owns 474 shares of the Internet television network’s stock worth $635,000 after buying an additional 8 shares during the last quarter. Plancorp LLC raised its position in shares of Netflix by 0.6% in the 2nd quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock worth $1,711,000 after buying an additional 8 shares during the period. Five Oceans Advisors raised its position in shares of Netflix by 1.1% in the 2nd quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock worth $1,006,000 after buying an additional 8 shares during the period. Finally, Old Port Advisors boosted its holdings in Netflix by 1.3% in the second quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock valued at $836,000 after acquiring an additional 8 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NFLX shares. Seaport Res Ptn cut Netflix from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 6th. Phillip Securities downgraded shares of Netflix from a “hold” rating to a “strong sell” rating in a report on Monday, July 21st. KeyCorp raised their price objective on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Pivotal Research restated a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Finally, Piper Sandler lifted their price target on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $1,335.00.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.