Key Points
- Reed Hastings sold 420,550 Netflix shares on April 1 at an average price of $95.49 for about $40.16 million under a pre-arranged Rule 10b5-1 plan, leaving him with 3,940 shares (a 99.07% reduction in his holding).
- This is the latest of several large, pre-planned sales — including blocks in January, February and March — that together amount to roughly $150+ million of stock dispositions.
- Netflix recently beat quarterly EPS and revenue expectations with revenue up 17.6% year-over-year; the stock has a market cap of about $416.6 billion and a consensus analyst target near $114.57 (average rating: "Moderate Buy").
Netflix, Inc. (NASDAQ:NFLX - Get Free Report) Director Reed Hastings sold 420,550 shares of Netflix stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $95.49, for a total transaction of $40,158,319.50. Following the completion of the transaction, the director directly owned 3,940 shares of the company's stock, valued at $376,230.60. This trade represents a 99.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Reed Hastings also recently made the following trade(s):
- On Monday, March 2nd, Reed Hastings sold 410,550 shares of Netflix stock. The shares were sold at an average price of $97.01, for a total transaction of $39,827,455.50.
- On Monday, February 2nd, Reed Hastings sold 390,970 shares of Netflix stock. The stock was sold at an average price of $83.63, for a total transaction of $32,696,821.10.
- On Friday, January 2nd, Reed Hastings sold 426,290 shares of Netflix stock. The stock was sold at an average price of $91.67, for a total transaction of $39,078,004.30.
Netflix Stock Performance
Shares of NFLX stock opened at $98.66 on Friday. The company has a market cap of $416.56 billion, a P/E ratio of 39.04, a PEG ratio of 1.45 and a beta of 1.67. The business has a 50 day moving average of $88.03 and a two-hundred day moving average of $99.87. Netflix, Inc. has a 52 week low of $75.01 and a 52 week high of $134.12. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.51.
Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Tuesday, January 20th. The Internet television network reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. The business had revenue of $12.05 billion for the quarter, compared to analysts' expectations of $11.97 billion. Netflix had a return on equity of 43.26% and a net margin of 24.30%.The business's quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. As a group, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.
Institutional Investors Weigh In On Netflix
Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Netflix by 912.5% during the 4th quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network's stock valued at $36,567,805,000 after buying an additional 351,493,659 shares during the period. State Street Corp lifted its stake in shares of Netflix by 927.6% in the 4th quarter. State Street Corp now owns 176,780,995 shares of the Internet television network's stock worth $16,574,986,000 after acquiring an additional 159,578,053 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Netflix by 892.0% in the fourth quarter. Geode Capital Management LLC now owns 99,598,678 shares of the Internet television network's stock valued at $9,305,336,000 after acquiring an additional 89,558,684 shares in the last quarter. Capital World Investors boosted its holdings in shares of Netflix by 859.1% in the fourth quarter. Capital World Investors now owns 89,341,444 shares of the Internet television network's stock valued at $8,376,656,000 after acquiring an additional 80,025,890 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Netflix by 685.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 86,058,878 shares of the Internet television network's stock valued at $8,068,882,000 after acquiring an additional 75,107,069 shares during the period. 80.93% of the stock is currently owned by institutional investors.
Trending Headlines about Netflix
Here are the key news stories impacting Netflix this week:
- Positive Sentiment: Company-wide price increases should boost ARPU and near-term revenue; analysts and media largely expect limited subscriber fallout, supporting EPS upside. Read More.
- Positive Sentiment: Analyst and institutional support: President Capital raised its price target and several funds (D.E. Shaw, Paul Tudor Jones cited) are adding exposure — demand from big investors is reinforcing the rally. Read More.
- Positive Sentiment: Large funds are accumulating shares, which can provide price support even as headlines swirl about management and strategy. Read More.
- Neutral Sentiment: Strategic focus on building franchises after losing some bidding contests — indicates long-term content investment but no immediate hits to revenue. Read More.
- Neutral Sentiment: Commercial distribution deals (e.g., EverPass for a major fight) expand non-consumer revenue channels but are modest in scale versus subscription business. Read More.
- Negative Sentiment: Director Reed Hastings sold ~420,550 shares under a pre-arranged 10b5-1 plan (large block, though disclosed as pre-planned), which can alarm some investors when insiders reduce holdings. Read More.
- Negative Sentiment: Big-deal speculation: coverage on a potential US$42.2B Warner Bros-style acquisition raises questions about growth vs. financial discipline and could increase leverage/risk if pursued. Read More.
- Negative Sentiment: Macro sensitivity and valuation risk: some analysts caution that repeated price hikes and a slowing economy could pressure subscriber trends and make NFLX vulnerable if macro weakens. Read More.
Analyst Upgrades and Downgrades
NFLX has been the topic of a number of recent research reports. Freedom Capital upgraded Netflix from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 27th. Sanford C. Bernstein reaffirmed a "buy" rating on shares of Netflix in a report on Wednesday, February 18th. BMO Capital Markets cut their price objective on shares of Netflix from $143.00 to $135.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 21st. Needham & Company LLC reduced their target price on shares of Netflix from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, January 21st. Finally, JPMorgan Chase & Co. initiated coverage on shares of Netflix in a research report on Monday, March 2nd. They issued an "overweight" rating and a $120.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and thirteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $114.57.
Get Our Latest Analysis on NFLX
About Netflix
(
Get Free Report)
Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.
The company's primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.
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