Most recently, in December 2015, Richard N. Barton, a a Director at NFLX sold 385 shares for a total of $46,119. On Dec 22, 2015, Reed Hastings (CEO) sold 86,037 shares at $117.69 per share price.
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The company shares have rallied 76.03% from its 1 Year high price. On Nov 19, 2015, David A Hyman (General Counsel) sold 14,434 shares at $120.00 per share price.
Netflix shares had risen 8% in after-hours trading Tuesday to $116.97 after the company posted adjusted earnings of 7 cents per share that beat expectations by 5 cents per share, based on S&P Capital IQ Consensus Estimates.
One of the S&P 500’s big losers for Thursday January 21 was Netflix Inc.
For its current, fiscal first quarter, Netflix estimates it will earn 3 cents a share on $1.81 billion in revenue. Analyst had a consensus of $0.02. This compared to 57.39 million in the fourth quarter of 2014. “In terms of long-term valuation, the way we think about the stock is we think this is a company that can generate $10 [annual earnings per share] in long-term earnings power”. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. A more bearish analyst sees the stock at $45.00 within the next year, while a more bullish analyst sees the stock at $164.00, within the same time frame. The figures surpassed estimates of a 5.15mn increase in the number of subscribers for the quarter, bringing its global customer base to 74.76mn.
Netflix Inc.is centered in Los Gatos, CA, and has 2,450 employees.
Active investors and traders could look to lean long NFLX stock against Wednesday’s intraday lows. After the session commenced at $108.32, the stock reached the higher end at $108.51 while it hit a low of $102.1. The company’s stock fell 4.4% to $103.00 on volume of 27.1 million shares.
Netflix is the world’s leading Internet television network with over 70 million members in over 190 countries enjoying more than 125 million hours of TV shows and movies per day, including original series, documentaries and feature films.
The subscription show-streaming service also finds itself adjusting to payment styles and traditions in various countries.
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Netflix began operating almost two decades ago, providing customers with home delivered DVD’s but eventually moved to offering online video streaming services.
