Netflix (NASDAQ:NFLX) Director Reed Hastings Sells 410,550 Shares of Stock

Netflix, Inc. (NASDAQ:NFLX) Director Reed Hastings sold 410,550 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $97.01, for a total value of $39,827,455.50. Following the sale, the director owned 3,940 shares in the company, valued at approximately $382,219.40. The trade was a 99.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Monday, February 2nd, Reed Hastings sold 390,970 shares of Netflix stock. The shares were sold at an average price of $83.63, for a total value of $32,696,821.10.
• On Friday, January 2nd, Reed Hastings sold 426,290 shares of Netflix stock. The stock was sold at an average price of $91.67, for a total transaction of $39,078,004.30.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $97.70 on Wednesday. The stock has a market cap of $412.51 billion, a price-to-earnings ratio of 38.66, a PEG ratio of 1.72 and a beta of 1.68. Netflix, Inc. has a 52 week low of $75.01 and a 52 week high of $134.12. The company’s 50-day moving average price is $85.99 and its 200 day moving average price is $104.07. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.51.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 20th. The Internet television network reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $11.97 billion. Netflix had a net margin of 24.30% and a return on equity of 43.26%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 earnings per share. Netflix has set its Q1 2026 guidance at 0.760-0.760 EPS. As a group, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Netflix

Institutional investors and hedge funds have recently bought and sold shares of the stock. Able Wealth Management LLC grew its position in Netflix by 1.2% during the second quarter. Able Wealth Management LLC now owns 763 shares of the Internet television network’s stock valued at $1,022,000 after acquiring an additional 9 shares during the period. One Wealth Capital Management LLC lifted its stake in shares of Netflix by 0.5% in the 2nd quarter. One Wealth Capital Management LLC now owns 1,767 shares of the Internet television network’s stock valued at $2,366,000 after purchasing an additional 9 shares in the last quarter. Bell Investment Advisors Inc grew its holdings in shares of Netflix by 3.1% during the 2nd quarter. Bell Investment Advisors Inc now owns 298 shares of the Internet television network’s stock worth $399,000 after purchasing an additional 9 shares during the period. Weaver Consulting Group grew its holdings in shares of Netflix by 4.1% during the 2nd quarter. Weaver Consulting Group now owns 231 shares of the Internet television network’s stock worth $309,000 after purchasing an additional 9 shares during the period. Finally, Natural Investments LLC increased its position in Netflix by 0.5% during the 3rd quarter. Natural Investments LLC now owns 1,668 shares of the Internet television network’s stock worth $1,999,000 after purchasing an additional 9 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Management walked away from the Warner Bros. Discovery bid, signaling balance-sheet discipline and a renewed focus on organic growth — a key driver of the rally. Read More.
• Positive Sentiment: Netflix said it will redeploy capital into content and buybacks (a reported $20B content push), which investors interpret as shareholder-friendly and growth-focused. Read More.
• Positive Sentiment: Wall Street is upgrading coverage and raising targets — JPMorgan initiated/overweight with a $120 target and President Capital raised its target to $133 — providing near-term upside signals. Read More.
• Neutral Sentiment: Management frames the exit as preplanned (financial discipline, not political), which clarifies intent but shifts scrutiny to execution of content and monetization plans. Read More.
• Neutral Sentiment: Market action has been volatile — a sharp rebound from lows followed by profit-taking; higher-than-average volume shows conviction but also short-term repositioning by investors. Read More.
• Negative Sentiment: Large insider sales: Director Reed Hastings sold ~410,550 shares and CFO Spencer Neumann sold tens of thousands of shares recently — a potential investor concern about insider sentiment or diversification. Read More. / Read More.
• Negative Sentiment: Paramount’s acquisition of Warner and planned combination of HBO Max/Paramount+ creates a scaled competitor; FCC comments that that deal is “cleaner” could speed approvals and increase competitive pressure on content and pricing. Read More. / Read More.

Analysts Set New Price Targets

NFLX has been the subject of a number of analyst reports. HSBC cut their price target on Netflix from $107.00 to $106.00 and set a “buy” rating for the company in a report on Wednesday, January 21st. President Capital lifted their price objective on Netflix from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday. Sanford C. Bernstein restated a “buy” rating on shares of Netflix in a report on Wednesday, February 18th. New Street Research decreased their price target on shares of Netflix from $100.00 to $96.00 and set a “neutral” rating on the stock in a research note on Thursday, January 22nd. Finally, Huber Research raised shares of Netflix from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $116.01.

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.