Netflix (NASDAQ:NFLX) Director Sells $40,712,212.10 in Stock

Key Points

• Reed Hastings sold 375,470 Netflix shares on Dec. 1 at an average price of $108.43 for a total of $40,712,212.10, leaving him with 3,940 shares (a 98.96% reduction) valued at about $427,214.20.
• Hastings also executed two prior large sales this year: 403,740 shares on Oct. 31 for ~$45.28M and 421,760 shares on Oct. 1 for ~$49.43M.
• Netflix reported Q3 EPS of $5.87 (vs. $0.69 est.) and revenue of $11.32B (slightly below estimates), the stock traded near $109, and analysts’ consensus is a “Moderate Buy” with an average price target of $133.90.

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) Director Reed Hastings sold 375,470 shares of the firm's stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $108.43, for a total transaction of $40,712,212.10. Following the sale, the director owned 3,940 shares of the company's stock, valued at approximately $427,214.20. The trade was a 98.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 shares were sold at an average price of $112.15, for a total value 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 value of $49,426,897.92.

Netflix Stock Performance

Shares of NFLX traded up $0.22 during mid-day trading on Tuesday, hitting $109.35. The stock had a trading volume of 25,724,794 shares, compared to its average volume of 39,780,676. The firm has a market cap of $463.35 billion, a P/E ratio of 4.57, a PEG ratio of 1.91 and a beta of 1.71. The business has a fifty day moving average price of $113.95 and a 200-day moving average price of $119.46. 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 52 week low of $82.11 and a 52 week high of $134.12.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, topping the consensus estimate of $0.69 by $5.18. The company had revenue of $11.32 billion during the quarter, compared to analyst estimates of $11.52 billion. Netflix had a return on equity of 41.86% and a net margin of 24.05%.The firm's revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 EPS. Netflix has set its Q4 2025 guidance at 5.450-5.450 EPS. On average, equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. The Goldman Sachs Group cut their price objective on shares of Netflix from $131.00 to $130.00 and set a "neutral" rating for the company in a report on Tuesday, September 30th. Benchmark restated a "hold" rating on shares of Netflix in a research report on Wednesday, October 22nd. Jefferies Financial Group reiterated a "buy" rating and issued a $150.00 price target on shares of Netflix in a research report on Wednesday, October 22nd. Erste Group Bank lowered Netflix from a "buy" rating to a "hold" rating in a research note on Friday, October 31st. Finally, Wall Street Zen cut Netflix from a "buy" rating to a "hold" rating in a report on Saturday, October 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Netflix presently has an average rating of "Moderate Buy" and an average price target of $133.90.

Hedge Funds Weigh In On Netflix

A number of institutional investors have recently added to or reduced their stakes in NFLX. Optima Capital LLC boosted its position in Netflix by 3.5% during the second quarter. Optima Capital LLC now owns 239 shares of the Internet television network's stock valued at $320,000 after buying an additional 8 shares during the period. Unified Investment Management grew its position in Netflix by 1.7% during the 2nd quarter. Unified Investment Management now owns 474 shares of the Internet television network's stock worth $635,000 after acquiring an additional 8 shares during the last quarter. Plancorp LLC increased its stake in Netflix by 0.6% in the 2nd quarter. Plancorp LLC now owns 1,278 shares of the Internet television network's stock worth $1,711,000 after purchasing an additional 8 shares during the period. Five Oceans Advisors lifted its position in Netflix by 1.1% in the second quarter. Five Oceans Advisors now owns 751 shares of the Internet television network's stock valued at $1,006,000 after purchasing an additional 8 shares during the last quarter. Finally, Old Port Advisors boosted its stake in shares of Netflix by 1.3% during the second quarter. Old Port Advisors now owns 624 shares of the Internet television network's stock valued at $836,000 after purchasing an additional 8 shares during the period. 80.93% of the stock is currently owned by institutional investors.

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.

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