Netflix Inc (NFLX) CEO Reed Hastings Sold $9.7 million of Shares

- By insider

CEO of Netflix Inc (NFLX) Reed Hastings sold 79,149 shares of NFLX on 10/20/2016 at an average price of $122.52 a share. The total sale was $9.7 million.

Netflix Inc operates as an internet television network providing TV shows & movies which include original series, documentaries & feature films. The Company's business segments are Domestic streaming, International streaming and Domestic DVD. Netflix Inc has a market cap of $54.66 billion; its shares were traded at around $127.50 with a P/E ratio of 344.61 and P/S ratio of 7.29. Netflix Inc had an annual average EBITDA growth of 12.00% over the past 10 years.


CEO Recent Trades:

  • CEO Reed Hastings sold 79,149 shares of NFLX stock on 10/20/2016 at the average price of $122.52. The price of the stock has increased by 4.06% since.

CFO Recent Trades:

  • CFO David B Wells sold 500 shares of NFLX stock on 10/19/2016 at the average price of $120. The price of the stock has increased by 6.25% since.

Directors and Officers Recent Trades:

  • Director A George Battle sold 20,000 shares of NFLX stock on 10/19/2016 at the average price of $120. The price of the stock has increased by 6.25% since.

  • Chief Content Officer Theodore A Sarandos sold 91,966 shares of NFLX stock on 10/18/2016 at the average price of $116.63. The price of the stock has increased by 9.32% since.

  • Director Richard N Barton sold 2,800 shares of NFLX stock on 10/06/2016 at the average price of $104.27. The price of the stock has increased by 22.28% since.

  • Director Richard N Barton sold 1,400 shares of NFLX stock on 10/03/2016 at the average price of $100. The price of the stock has increased by 27.5% since.

For the complete insider trading history of NFLX, click here

.This article first appeared on GuruFocus.