Reed Hastings Sells 375,470 Shares of Netflix (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) Director Reed Hastings sold 375,470 shares of Netflix stock in a transaction 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 transaction, the director owned 3,940 shares in the company, valued at approximately $427,214.20. This represents a 98.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, October 31st, Reed Hastings sold 403,740 shares of Netflix stock. The stock was 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 stock was sold at an average price of $117.19, for a total transaction of $49,426,897.92.

Netflix Stock Performance

Netflix stock opened at $103.96 on Thursday. The firm has a 50 day simple moving average of $113.63 and a 200-day simple moving average of $119.36. The stock has a market cap of $440.51 billion, a price-to-earnings ratio of 43.43, a price-to-earnings-growth ratio of 1.62 and a beta of 1.71. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. Netflix, Inc. has a 1-year low of $82.11 and a 1-year high of $134.12.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results 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 firm had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.52 billion. Netflix had a net margin of 24.05% and a return on equity of 41.86%. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 EPS. Netflix has set its Q4 2025 guidance at 5.450-5.450 EPS. On average, analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NFLX shares. Zacks Research cut Netflix from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Wall Street Zen cut shares of Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Netflix in a research note on Wednesday, November 19th. JPMorgan Chase & Co. reduced their price target on shares of Netflix from $127.50 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 18th. Finally, Arete upped their price objective on shares of Netflix from $83.30 to $108.40 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell 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 $133.90.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. BG Investment Services Inc. purchased a new stake in Netflix in the second quarter valued at approximately $338,000. MRA Advisory Group grew its position in shares of Netflix by 28.4% during the second quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock worth $1,231,000 after acquiring an additional 203 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings 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 acquiring an additional 130,946 shares during the period. Sava Infond d.o.o. raised its position in Netflix by 25.1% in the 2nd quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network’s stock valued at $2,002,000 after purchasing an additional 300 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. raised its position in Netflix by 1.4% in the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network’s stock valued at $1,324,000 after purchasing an additional 14 shares during the last quarter. Institutional investors and hedge funds 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.