Key Points
- Reed Hastings sold 375,470 Netflix shares on Dec. 1 at an average price of $108.43 for a total of about $40.71 million, leaving him with 3,940 shares — a 98.96% drop in his ownership.
- Hastings also sold large blocks on Oct. 31 (403,740 shares at $112.15) and Oct. 1 (421,760 shares at $117.19), signaling substantial insider selling over recent months.
- Netflix posted a huge EPS beat of $5.87 (vs. $0.69 est.) with $11.32B revenue, has a market cap of about $463.35 billion, and carries a consensus analyst rating of "Moderate Buy" with a $133.90 price target.
Netflix, Inc. (NASDAQ:NFLX - Get Free Report) Director Reed Hastings sold 375,470 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $108.43, for a total value of $40,712,212.10. Following the sale, the director directly owned 3,940 shares of the company's stock, valued at approximately $427,214.20. The trade was a 98.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Reed Hastings also recently made the following trade(s):
- On Friday, October 31st, Reed Hastings sold 403,740 shares of Netflix stock. The shares were sold at an average price of $112.15, for a total transaction of $45,279,844.74.
- On Wednesday, October 1st, Reed Hastings sold 421,760 shares of Netflix stock. The shares were sold at an average price of $117.19, for a total transaction of $49,426,897.92.
Netflix Stock Up 0.2%
Shares of NFLX stock opened at $109.35 on Wednesday. Netflix, Inc. has a 12-month low of $82.11 and a 12-month high of $134.12. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The firm has a fifty day moving average of $113.95 and a 200-day moving average of $119.46. The company has a market capitalization of $463.35 billion, a price-to-earnings ratio of 4.57, a P/E/G ratio of 1.91 and a beta of 1.71.
Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, beating the consensus estimate of $0.69 by $5.18. The business had revenue of $11.32 billion for the quarter, compared to analysts' expectations of $11.52 billion. Netflix had a net margin of 24.05% and a return on equity of 41.86%. The firm's revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS. Netflix has set its Q4 2025 guidance at 5.450-5.450 EPS. As a group, equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of NFLX. BG Investment Services Inc. bought a new position in Netflix in the second quarter valued at approximately $338,000. MRA Advisory Group boosted its holdings in shares of Netflix by 28.4% in the 2nd quarter. MRA Advisory Group now owns 919 shares of the Internet television network's stock valued at $1,231,000 after purchasing an additional 203 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Netflix by 42.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock valued at $412,059,000 after purchasing an additional 130,946 shares during the last quarter. Sava Infond d.o.o. raised its holdings in shares of Netflix by 25.1% during the 2nd quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network's stock worth $2,002,000 after buying an additional 300 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. raised its holdings in shares of Netflix by 1.4% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network's stock worth $1,324,000 after buying an additional 14 shares in the last quarter. Institutional investors own 80.93% of the company's stock.
Wall Street Analyst Weigh In
NFLX has been the subject of a number of research reports. Wedbush decreased their price objective on Netflix from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, October 22nd. Citic Securities reduced their price target on Netflix from $128.00 to $125.00 and set a "hold" rating for the company in a research report on Wednesday, October 29th. Arete raised their price target on shares of Netflix from $83.30 to $108.40 and gave the stock a "neutral" rating in a research note on Tuesday, October 28th. Erste Group Bank downgraded shares of Netflix from a "buy" rating to a "hold" rating in a report on Friday, October 31st. Finally, Zacks Research lowered shares of Netflix from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $133.90.
Read Our Latest Analysis on Netflix
Netflix Company Profile
(
Get Free Report)
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.
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