Netflix, Inc. (NASDAQ:NFLX) Chairman Sells $31,536,054.06 in Stock

Netflix, Inc. (NASDAQ:NFLX) Chairman Reed Hastings sold 41,601 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $758.06, for a total value of $31,536,054.06. Following the completion of the sale, the chairman now owns 85 shares in the company, valued at $64,435.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, October 1st, Reed Hastings sold 45,290 shares of Netflix stock. The shares were sold at an average price of $706.16, for a total value of $31,981,986.40.
• On Tuesday, September 3rd, Reed Hastings sold 25,074 shares of Netflix stock. The shares were sold at an average price of $680.92, for a total value of $17,073,388.08.

Netflix Trading Up 2.1 %

Shares of NFLX opened at $780.21 on Thursday. The company has a market capitalization of $333.51 billion, a P/E ratio of 44.15, a P/E/G ratio of 1.46 and a beta of 1.25. Netflix, Inc. has a one year low of $431.00 and a one year high of $781.49. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a 50-day moving average price of $717.59 and a 200 day moving average price of $667.98.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Denver PWM LLC bought a new position in Netflix during the 2nd quarter worth approximately $25,000. Proffitt & Goodson Inc. lifted its holdings in Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after buying an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares during the last quarter. AlphaMark Advisors LLC lifted its holdings in Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after buying an additional 45 shares during the last quarter. Finally, Triad Wealth Partners LLC bought a new position in Netflix during the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on NFLX shares. JPMorgan Chase & Co. upped their price objective on Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Redburn Atlantic upped their target price on Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, July 19th. KeyCorp upped their target price on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Morgan Stanley upped their target price on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Rosenblatt Securities upped their target price on Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $748.15.

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.