Netflix, Inc. (NASDAQ:NFLX) CEO Reed Hastings sold 75,271 shares of the stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $316.98, for a total transaction of $23,859,401.58. Following the completion of the sale, the chief executive officer now owns 75,271 shares in the company, valued at approximately $23,859,401.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

How to Become a New Pot Stock Millionaire
  • On Tuesday, February 20th, Reed Hastings sold 63,889 shares of Netflix stock. The stock was sold at an average price of $282.09, for a total transaction of $18,022,448.01.
  • On Monday, January 22nd, Reed Hastings sold 75,369 shares of Netflix stock. The stock was sold at an average price of $225.52, for a total transaction of $16,997,216.88.
  • On Thursday, December 21st, Reed Hastings sold 91,861 shares of Netflix stock. The stock was sold at an average price of $189.03, for a total transaction of $17,364,484.83.

Shares of Netflix stock traded down $6.72 during mid-day trading on Thursday, reaching $309.76. 6,000,907 shares of the company’s stock were exchanged, compared to its average volume of 10,905,679. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.81. Netflix, Inc. has a one year low of $138.66 and a one year high of $333.98. The stock has a market capitalization of $137,778.63, a P/E ratio of 247.75, a PEG ratio of 4.36 and a beta of 0.96.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the previous year, the firm earned $0.15 earnings per share. Netflix’s quarterly revenue was up 32.6% compared to the same quarter last year. analysts anticipate that Netflix, Inc. will post 2.73 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of NFLX. Balentine LLC raised its stake in Netflix by 1,020.4% during the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after purchasing an additional 500 shares during the period. James Hambro & Partners purchased a new position in Netflix during the fourth quarter worth about $106,000. Duncker Streett & Co. Inc. raised its stake in Netflix by 47.1% during the fourth quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after purchasing an additional 200 shares during the period. Wagner Wealth Management LLC acquired a new stake in shares of Netflix during the fourth quarter valued at about $125,000. Finally, Crewe Advisors LLC acquired a new stake in shares of Netflix during the fourth quarter valued at about $149,000. 81.60% of the stock is currently owned by institutional investors.

NFLX has been the topic of a number of research reports. Goldman Sachs set a $250.00 price objective on shares of Netflix and gave the stock a “buy” rating in a research note on Tuesday, November 28th. Vetr upgraded shares of Netflix from a “buy” rating to a “strong-buy” rating and set a $211.28 price objective on the stock in a research note on Wednesday, November 29th. MKM Partners increased their price objective on shares of Netflix from $230.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, November 30th. Bank of America increased their price objective on shares of Netflix from $225.00 to $199.00 and gave the stock a “buy” rating in a research note on Friday, December 1st. Finally, BidaskClub lowered shares of Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Netflix has a consensus rating of “Buy” and an average price target of $251.28.

WARNING: “Reed Hastings Sells 75,271 Shares of Netflix, Inc. (NFLX) Stock” was published by Watch List News and is owned by of Watch List News. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this news story can be accessed at https://www.watchlistnews.com/reed-hastings-sells-75271-shares-of-netflix-inc-nflx-stock/1957382.html.

About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.