Netflix Inc (NFLX) Files Form 4 Insider Selling : Reed Hastings Sells 85,659 Shares

Netflix Inc (NFLX): Reed Hastings , CEO of Netflix Inc sold 85,659 shares on May 23, 2016. The Insider selling transaction was reported by the company on May 25, 2016 to the Securities and Exchange Commission. The shares were sold at $94.35 per share for a total value of $8,099,280.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 25, 2016, Richard N Barton (director) sold 1,400 shares at $93.95 per share price.On Apr 25, 2016, Timothy M Haley (director) sold 16,172 shares at $96.43 per share price.Also, On Apr 22, 2016, Reed Hastings (CEO) sold 81,816 shares at $95.12 per share price.On Dec 3, 2015, Jonathan Friedland (Chief Communications Officer) sold 1,309 shares at $127.31 per share price.

Netflix: On Friday, May 20, 2016 heightened volatility was witnessed in Netflix which led to swings in the share price. The shares opened for trading at $90.08 and hit $93.28 on the upside , eventually ending the session at $92.49, with a gain of 3.28% or 2.94 points. The heightened volatility saw the trading volume jump to 1,50,63,042 shares. The 52-week high of the share price is $133.27 and the company has a market cap of $39,612 M . The 52-week low of the share price is at $79.95.

Netflix Money Flow Index Chart

Company has been under the radar of several Street Analysts.Netflix is Reiterated by UBS to Buy while Lowering the Price Target of the company shares to $ 141 from a previous price target of $147 . The Rating was issued on Apr 25, 2016.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 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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