Netflix (NASDAQ:NFLX) CEO Reed Hastings unloaded 15,238 shares of Netflix stock on the open market in a transaction dated Monday, November 25th. The stock was sold at an average price of $346.90, for a total value of $5,286,062.20. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Netflix (NASDAQ:NFLX) traded up 1.86% on Wednesday, hitting $361.811. The stock had a trading volume of 1,738,566 shares. Netflix has a 1-year low of $74.50 and a 1-year high of $389.16. The stock has a 50-day moving average of $330.6 and a 200-day moving average of $276.4. The company has a market cap of $21.440 billion and a P/E ratio of 297.24.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 21st. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.04. The company had revenue of $905.00 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, analysts predict that Netflix will post $1.76 earnings per share for the current fiscal year.
NFLX has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “hold” rating on shares of Netflix in a research note to investors on Tuesday. Six equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $308.20.
Netflix, Inc (NASDAQ:NFLX), incorporated on August 29, 1997, is an Internet subscription service streaming television shows and movies.
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