Key Points
- Reed Hastings sold 407,550 shares of Netflix on May 1 at an average price of $93.13 for about $37.96 million, leaving him with 3,940 shares (a 99.04% decrease) under a pre-arranged Rule 10b5‑1 plan.
- Netflix reported strong quarterly results with EPS of $1.23 (beat) and revenue of $12.25 billion, set Q2 guidance at $0.78 EPS, and showed a 16.2% year‑over‑year revenue increase with a 28.5% net margin.
- The stock opened at $91.05 and was down ~1.1%; analysts have a consensus rating of “Moderate Buy” with a $114.82 average price target, and institutions own about 80.9% of the shares.
Netflix, Inc. (NASDAQ:NFLX - Get Free Report) Director Reed Hastings sold 407,550 shares of the company's stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $93.13, for a total transaction of $37,955,131.50. Following the sale, the director owned 3,940 shares in the company, valued at $366,932.20. The trade was a 99.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 Wednesday, April 1st, Reed Hastings sold 420,550 shares of Netflix stock. The shares were sold at an average price of $95.49, for a total transaction of $40,158,319.50.
- On Monday, March 2nd, Reed Hastings sold 410,550 shares of Netflix stock. The stock was sold at an average price of $97.01, for a total transaction of $39,827,455.50.
Netflix Trading Down 1.1%
NASDAQ NFLX opened at $91.05 on Tuesday. Netflix, Inc. has a 52 week low of $75.01 and a 52 week high of $134.12. The firm has a 50 day moving average of $94.81 and a two-hundred day moving average of $96.77. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $383.38 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 1.18 and a beta of 1.55.
Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.47. The business had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The company's revenue was up 16.2% on a year-over-year basis. During the same period last year, the business earned $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, research analysts expect that Netflix, Inc. will post 3.56 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on NFLX. Rosenblatt Securities decreased their price target on Netflix from $96.00 to $95.00 and set a "neutral" rating for the company in a report on Friday, April 17th. TD Cowen dropped their price objective on Netflix from $115.00 to $112.00 and set a "buy" rating on the stock in a report on Wednesday, January 21st. New Street Research raised their target price on Netflix from $96.00 to $102.00 in a research report on Friday, April 17th. Royal Bank Of Canada reaffirmed a "hold" rating on shares of Netflix in a report on Wednesday, January 21st. Finally, Arete Research upgraded shares of Netflix from a "neutral" rating to a "buy" rating in a research note on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.82.
Read Our Latest Report on NFLX
Institutional Trading of Netflix
A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Netflix by 912.5% in the fourth quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network's stock valued at $36,567,805,000 after acquiring an additional 351,493,659 shares during the period. State Street Corp grew its position in shares of Netflix by 927.6% during the fourth 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 last quarter. Geode Capital Management LLC increased its holdings in shares of Netflix by 892.0% in the 4th 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 during the period. Capital World Investors raised its position in Netflix by 859.1% in the 4th quarter. Capital World Investors now owns 89,341,444 shares of the Internet television network's stock valued at $8,376,656,000 after purchasing an additional 80,025,890 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Netflix by 685.8% in the 4th 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 purchasing an additional 75,107,069 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.
Netflix Company Profile
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
