Netflix Inc (NFLX) Co-CEO Reed Hastings Sold $16.6 million of Shares

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GuruFocus News
09/22/2020 19:15
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Co-CEO of Netflix Inc (30-Year Financial, Insider Trades) Reed Hastings (insider trades) sold 34,853 shares of NFLX on 09/21/2020 at an average price of $476.68 a share. The total sale was $16.6 million.

Netflix Inc provides multimedia content through the internet. It provides a subscription based platform for television shows, movies and original series. Netflix Inc has a market cap of $216.61 billion; its shares were traded at around $491.17 with a P/E ratio of 82.82 and P/S ratio of 9.81. Netflix Inc had annual average EBITDA growth of 39.40% over the past ten years. GuruFocus rated Netflix Inc the business predictability rank of 4.5-star. GuruFocus has detected 1 severe warning sign with Netflix Inc. .

CEO Recent Trades:

  • Co-CEO Reed Hastings sold 34,853 shares of NFLX stock on 09/21/2020 at the average price of $476.68. The price of the stock has increased by 3.04% since.

Directors and Officers Recent Trades:

  • Director Richard N Barton sold 4,907 shares of NFLX stock on 09/01/2020 at the average price of $550. The price of the stock has decreased by 10.7% since.
  • Director Leslie J Kilgore sold 905 shares of NFLX stock on 08/26/2020 at the average price of $537.96. The price of the stock has decreased by 8.7% since.
  • Director Richard N Barton sold 5,584 shares of NFLX stock on 08/24/2020 at the average price of $500. The price of the stock has decreased by 1.77% since.

For the complete insider trading history of NFLX, click here

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This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].