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Reed Hastings sells $31.85 million in Netflix stock

Published 04/01/2025, 09:40 am
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Following these transactions, Hastings holds 11,671 shares directly and an additional 2,154,241 shares indirectly through the Hastings-Quillin Family Trust. The company maintains strong fundamentals with a healthy balance sheet, as evidenced by its current ratio of 1.13 and moderate debt levels. The company maintains strong fundamentals with a healthy balance sheet, as evidenced by its current ratio of 1.13 and moderate debt levels.

Following these transactions, Hastings holds 11,671 shares directly and an additional 2,154,241 shares indirectly through the Hastings-Quillin Family Trust. The company maintains strong fundamentals with a healthy balance sheet, as evidenced by its current ratio of 1.13 and moderate debt levels.

Following these transactions, Hastings holds 11,671 shares directly and an additional 2,154,241 shares indirectly through the Hastings-Quillin Family Trust.

In other recent news, Netflix (NASDAQ:NFLX) has been the focus of several analyst updates. Benchmark has maintained a Sell rating on Netflix shares, despite increasing the price target to $720 from a previous $555. The firm's projections include Netflix reaching 490 million members by 2033 with an approximately 37% operating profit margin.

On the other hand, UBS has reaffirmed a Buy rating on Netflix stock, with a price target of $1,040.00. The analyst suggests that Netflix's expanding reach and ability to secure popular sports content could lead to further price increases and bolster its advertising offerings.

KeyBanc Capital Markets has maintained an Overweight rating on Netflix, expressing confidence in the streaming giant's potential to outperform the S&P 500 into 2025. The firm's analyst raised the price target to $1,000 from the previous $785, citing factors such as a decrease in competitive intensity and the introduction of live events.

In terms of major news, Netflix has secured exclusive US rights to broadcast the 2027 and 2031 FIFA Women's World Cups. This marks the company's first complete rights acquisition for a major sports event, expected to enhance the profile of women's football and provide comprehensive coverage to fans.

These are the recent developments in the company's journey.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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