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

Netflix, Inc. (NASDAQ:NFLX) Director Reed Hastings sold 42,176 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the sale, the director directly owned 394 shares in the company, valued at $461,736.48. This represents a 99.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 shares were 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 Price Performance

Shares of NFLX stock opened at $1,153.32 on Friday. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The stock has a market cap of $490.08 billion, a PE ratio of 49.14, a PEG ratio of 1.96 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The firm’s 50 day moving average price is $1,207.36 and its two-hundred day moving average price is $1,158.96.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period last year, the business posted $4.88 earnings per share. The business’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, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Netflix in a research note on Saturday, September 27th. Morgan Stanley reiterated an “equal weight” rating on shares of Netflix in a research note on Monday, July 21st. Seaport Res Ptn lowered shares of Netflix from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 6th. Pivotal Research reissued a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Finally, Sanford C. Bernstein lifted their price objective on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average target price of $1,335.00.

Institutional Trading of Netflix

Several hedge funds and other institutional investors have recently modified their holdings of NFLX. Legacy Investment Solutions LLC bought a new stake in Netflix in the 2nd quarter valued at about $31,000. Stephens Consulting LLC boosted its holdings in Netflix by 150.0% in the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after purchasing an additional 15 shares during the period. Halbert Hargrove Global Advisors LLC boosted its holdings in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 13 shares during the period. Rossby Financial LCC bought a new stake in Netflix in the 2nd quarter valued at about $35,000. Finally, Maseco LLP bought a new stake in Netflix in the 2nd quarter valued at about $39,000. Institutional investors own 80.93% of the company’s stock.

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.