Netflix, Inc. (NASDAQ:NFLX) CEO Reed Hastings sold 75,243 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $196.25, for a total transaction of $14,766,438.75. Following the sale, the chief executive officer now owns 75,243 shares in the company, valued at $14,766,438.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Reed Hastings also recently made the following trade(s):
- On Monday, October 23rd, Reed Hastings sold 83,335 shares of Netflix stock. The stock was sold at an average price of $192.79, for a total transaction of $16,066,154.65.
- On Wednesday, September 20th, Reed Hastings sold 75,467 shares of Netflix stock. The stock was sold at an average price of $185.02, for a total transaction of $13,962,904.34.
Shares of Netflix, Inc. (NFLX) traded up $0.09 during mid-day trading on Thursday, reaching $196.32. The company had a trading volume of 5,895,400 shares, compared to its average volume of 6,664,596. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47. The firm has a market cap of $84,914.82, a price-to-earnings ratio of 198.21, a price-to-earnings-growth ratio of 5.83 and a beta of 1.39. Netflix, Inc. has a twelve month low of $113.95 and a twelve month high of $204.38.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. Netflix’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 EPS. research analysts anticipate that Netflix, Inc. will post 1.26 EPS for the current year.
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Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC bought a new stake in Netflix in the second quarter valued at about $1,045,000. Lincoln National Corp increased its holdings in Netflix by 7.0% in the third quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock valued at $742,000 after purchasing an additional 268 shares during the last quarter. Calamos Advisors LLC increased its holdings in Netflix by 198.5% in the second quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock valued at $31,218,000 after purchasing an additional 138,945 shares during the last quarter. Alps Advisors Inc. bought a new stake in Netflix in the second quarter valued at about $262,000. Finally, BB&T Corp increased its holdings in shares of Netflix by 20.0% in the third quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock worth $700,000 after acquiring an additional 642 shares in the last quarter. 80.32% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently commented on NFLX shares. Sanford C. Bernstein set a $203.00 price objective on shares of Netflix and gave the stock a “buy” rating in a research report on Wednesday, August 30th. Citigroup Inc. boosted their price objective on shares of Netflix from $180.00 to $205.00 and gave the stock a “neutral” rating in a research report on Friday, October 13th. Vetr lowered shares of Netflix from a “sell” rating to a “strong sell” rating and set a $162.49 target price on the stock. in a report on Monday, September 18th. Robert W. Baird restated a “hold” rating and issued a $175.00 target price on shares of Netflix in a report on Friday, September 1st. Finally, Wedbush set a $88.00 target price on shares of Netflix and gave the company a “sell” rating in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and thirty-two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $207.20.
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.
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