Netflix (NASDAQ:NFLX) Director Reed Hastings Sells 386,700 Shares of Stock

Netflix, Inc. (NASDAQ:NFLX) Director Reed Hastings sold 386,700 shares of Netflix stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $85.97, for a total value of $33,244,599.00. Following the transaction, the director directly owned 3,940 shares in the company, valued at approximately $338,721.80. The trade was a 98.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, May 1st, Reed Hastings sold 407,550 shares of Netflix stock. The stock was sold at an average price of $93.13, for a total value of $37,955,131.50.
• On Wednesday, April 1st, Reed Hastings sold 420,550 shares of Netflix stock. The stock was sold at an average price of $95.49, for a total value of $40,158,319.50.

Netflix Price Performance

NASDAQ:NFLX opened at $83.33 on Wednesday. The business’s 50-day moving average price is $93.00 and its 200 day moving average price is $93.09. The firm has a market cap of $350.89 billion, a P/E ratio of 26.92, a PEG ratio of 1.09 and a beta of 1.50. 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 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.47. The firm had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.Netflix’s revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the company earned $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. As a group, sell-side analysts predict that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Netflix

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position 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 worth $36,567,805,000 after acquiring an additional 351,493,659 shares during the period. State Street Corp boosted its position in Netflix by 927.6% during 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 position in Netflix by 892.0% during the 4th quarter. Geode Capital Management LLC now owns 99,598,678 shares of the Internet television network’s stock worth $9,305,336,000 after acquiring an additional 89,558,684 shares during the period. Capital World Investors boosted its position in Netflix by 859.1% during the 4th quarter. Capital World Investors now owns 89,341,444 shares of the Internet television network’s stock worth $8,376,656,000 after acquiring an additional 80,025,890 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Netflix by 685.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 86,058,878 shares of the Internet television network’s stock worth $8,068,882,000 after acquiring an additional 75,107,069 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

NFLX has been the topic of a number of research analyst reports. Daiwa Securities Group lifted their target price on Netflix from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Guggenheim reaffirmed a “buy” rating and set a $120.00 target price on shares of Netflix in a report on Friday, May 15th. Raymond James Financial reaffirmed a “market perform” rating on shares of Netflix in a report on Thursday, May 14th. Wolfe Research reaffirmed an “outperform” rating and set a $107.00 target price on shares of Netflix in a report on Friday, April 17th. Finally, KeyCorp reiterated an “overweight” rating and issued a $115.00 price target (up from $108.00) on shares of Netflix in a research report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average target price of $114.82.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix continues to expand beyond core streaming, with new live-content initiatives and franchise-based consumer product deals that could create additional revenue streams over time.
• Positive Sentiment: Some analysts view Netflix as attractively priced after the pullback, noting that it is trading closer to its 52-week low while free cash flow guidance has improved and the ad business is scaling.
• Neutral Sentiment: Recent commentary focuses on whether Netflix has shifted from a pure growth story toward a more mature, value-like profile, which could change how investors judge the stock.
• Neutral Sentiment: Media coverage on June streaming lineups may help keep Netflix’s content slate in view, but it is not a clear near-term catalyst on its own.
• Negative Sentiment: Netflix stock has been falling even as the broader market rises, reflecting weaker momentum and investor concerns about its premium valuation relative to recent performance.
• Negative Sentiment: Director Reed Hastings sold 386,700 shares in a pre-arranged 10b5-1 plan, which may add to negative sentiment even though the sale was planned in advance.

About Netflix

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.