Netflix Inc (NFLX) Files Form 4 Insider Selling : Reed Hastings Sells 84,665 Shares

Netflix Inc (NFLX): Reed Hastings , CEO of Netflix Inc sold 84,665 shares on Sep 20, 2016. The Insider selling transaction was reported by the company on Sep 21, 2016 to the Securities and Exchange Commission. The shares were sold at $98.62 per share for a total value of $8,337,310.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 21, 2016, Richard N Barton (director) sold 1,400 shares at $97.84 per share price.On Aug 23, 2016, Reed Hastings (CEO) sold 102,340 shares at $95.21 per share price.Also, On Aug 10, 2016, Jay C Hoag (director) purchased 300,000 shares at $94.29 per share price.On Apr 25, 2016, Timothy M Haley (director) sold 16,172 shares at $96.43 per share price.

Netflix: On Tuesday, Sep 21, 2016 heightened volatility was witnessed in Netflix which led to swings in the share price. The shares opened for trading at $98.78 and hit $99.16 on the upside , eventually ending the session at $98.25, with a gain of 0.19% or 0.19 points. The heightened volatility saw the trading volume jump to 47,36,762 shares. The 52-week high of the share price is $133.27 and the company has a market cap of $42,122 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 Downgraded by Macquarie to Underperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Sep 13, 2016.Netflix is Initiated by Axiom Capital to Sell and the brokerage firm has set the Price Target at $80. The Rating was issued on Aug 29, 2016.Netflix is Upgraded by William Blair to Outperform. Earlier the firm had a rating of Mkt Perform on the company shares. The Rating was issued on Aug 25, 2016.Netflix is Reiterated by MKM Partners to Buy while Lowering the Price Target of the company shares to $ 130 from a previous price target of $145 . The Rating was issued on Jul 20, 2016.Netflix is Reiterated by Mizuho to Neutral while Lowering the Price Target of the company shares to $ 90 from a previous price target of $109 . The Rating was issued on Jul 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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