Netflix Inc (NFLX) Files Form 4 Insider Selling : Reed Hastings Sells 81,816 Shares

Netflix Inc (NFLX): Reed Hastings , CEO of Netflix Inc sold 81,816 shares on Apr 20, 2016. The Insider selling transaction was reported by the company on Apr 22, 2016 to the Securities and Exchange Commission. The shares were sold at $95.12 per share for a total value of $7,837,615.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 21, 2016, Richard N Barton (director) sold 1,400 shares at $100.00 per share price.On Mar 23, 2016, Reed Hastings (CEO) sold 78,827 shares at $100.99 per share price.Also, On Dec 3, 2015, Jonathan Friedland (Chief Communications Officer) sold 1,309 shares at $127.31 per share price.On Nov 19, 2015, David A Hyman (General Counsel) sold 14,434 shares at $120.00 per share price.

Shares of Netflix (NFLX) ended Wednesday, Apr 20, 2016 session in red amid volatile trading. The shares closed down -1.79 points or -1.85% at $94.98 with 1,99,19,415 shares getting traded. Post opening the session at $97.31, the shares hit an intraday low of $94.78 and an intraday high of $97.38 and the price vacillated in this range throughout the day. The company has a market cap of $40,659 M and the number of outstanding shares has been calculated to be 42,80,81,220 shares. The 52-week high of Netflix is $133.27 and the 52-week low is $78.894285.

Netflix Money Flow Index Chart

Company has been under the radar of several Street Analysts.Netflix is Reiterated by Mizuho to Neutral while Lowering the Price Target of the company shares to $ 109 from a previous price target of $120 . The Rating was issued on Apr 19, 2016.Netflix is Reiterated by Pivotal Research Group to Buy while Lowering the Price Target of the company shares to $ 145 from a previous price target of $155 . The Rating was issued on Apr 19, 2016.Netflix is Reiterated by Topeka Capital Markets to Buy while Lowering the Price Target of the company shares to $ 139 from a previous price target of $142 . The Rating was issued on Apr 19, 2016.Netflix is Reiterated by Needham to Buy while Lowering the Price Target of the company shares to $ 115 from a previous price target of $125 . The Rating was issued on Apr 19, 2016.Netflix is Upgraded by Atlantic Equities to Overweight. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 1, 2016.

Netflix Inc. is a provider of Internet television network. The Company has over 57 million streaming members in over 50 countries. Its members can watch more than two billion hours of television (TV) shows and movies per month including original series documentaries and feature films on Internet-connected screen. The Company has three operating segments: Domestic streaming International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content. The Domestic DVD segment derives revenues from monthly membership fees for services consisting of DVD-by-mail. Its members can play pause and resume watching all without commercials or commitments. Additionally in the United States its members can receive DVDs to their homes. The Company offers streaming service both domestically and internationally.

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Netflix - Is it time to Sell?

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