Insider Selling: Netflix (NASDAQ:NFLX) Director Sells 375,470 Shares of Stock

Netflix, Inc. (NASDAQ:NFLX) Director Reed Hastings sold 375,470 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $108.43, for a total transaction of $40,712,212.10. Following the completion of the transaction, the director owned 3,940 shares in the company, valued at $427,214.20. The trade was a 98.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 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 value of $49,426,897.92.

Netflix Trading Up 0.2%

NASDAQ:NFLX traded up $0.22 during mid-day trading on Tuesday, reaching $109.35. 25,724,794 shares of the company’s stock traded hands, compared to its average volume of 39,780,676. The company has a 50 day moving average price of $113.95 and a 200-day moving average price of $119.46. The firm has a market capitalization of $463.35 billion, a price-to-earnings ratio of 4.57, a PEG ratio of 1.91 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 12-month low of $82.11 and a 12-month high of $134.12.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $5.18. Netflix had a return on equity of 41.86% and a net margin of 24.05%.The firm had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.52 billion. During the same period last year, the company earned $0.54 EPS. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. Netflix has set its Q4 2025 guidance at 5.450-5.450 EPS. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its stake in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after purchasing an additional 257 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after buying an additional 144 shares during the last quarter. Intrust Bank NA increased its position in shares of Netflix by 4.2% during the first quarter. Intrust Bank NA now owns 3,361 shares of the Internet television network’s stock valued at $3,134,000 after acquiring an additional 136 shares in the last quarter. Liberty Wealth Management LLC raised its holdings in Netflix by 8,332.6% in the 1st quarter. Liberty Wealth Management LLC now owns 44,271 shares of the Internet television network’s stock worth $418,000 after acquiring an additional 43,746 shares during the last quarter. Finally, Cheviot Value Management LLC bought a new position in Netflix in the 1st quarter valued at approximately $145,000. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

NFLX has been the subject of several research reports. Canaccord Genuity Group restated a “buy” rating and issued a $152.50 price objective on shares of Netflix in a report on Wednesday, October 22nd. Guggenheim reiterated a “buy” rating and set a $145.00 price target on shares of Netflix in a research report on Wednesday, October 22nd. Barclays decreased their price target on shares of Netflix to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 18th. Argus set a $141.00 price objective on shares of Netflix in a report on Thursday, October 23rd. Finally, Morgan Stanley set a $150.00 price objective on Netflix in a research report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $133.90.

About Netflix

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.