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Netflix (NASDAQ:NFLX) Director Reed Hastings sold a total of 377,570 shares of common stock on December 1, 2025, for approximately $40.7 million. The sales were executed in multiple trades with prices ranging from $106.8509 to $108.8906. The streaming giant, currently valued at $463.48 billion, has seen its stock gain 22.68% year-to-date despite trading above its InvestingPro Fair Value.
The transactions also involved the exercise of stock options, with 375,470 shares acquired at a price of $10.57, totaling $3,968,717. Additionally, Hastings acquired 576 shares of Non-Qualified Stock Options (right to buy) at a price of $0. This insider activity comes as Netflix maintains a perfect Piotroski Score of 9, indicating exceptional financial strength.
Following these transactions, Hastings directly holds 3,940 shares of Netflix, and indirectly holds 21,401,520 shares through the Hastings-Quillin Family Trust. The company currently trades at a P/E ratio of 45.77 and has received a "GREAT" financial health rating from InvestingPro, which offers comprehensive analysis on Netflix and 1,400+ other stocks through its detailed Pro Research Reports.
In other recent news, Netflix has seen several updates from analysts following its 10-for-1 stock split. Rosenblatt adjusted its price target for Netflix to $152 while maintaining a Buy rating, citing the need to update its financial model post-split. Canaccord Genuity also revised its target to $152.50, keeping a Buy rating on the streaming service’s shares. Meanwhile, MoffettNathanson reaffirmed a Buy rating with a price target of $1,400, despite acknowledging concerns about slowing engagement growth and potential challenges related to intellectual property and third-party content. In related developments, Warner Bros. Discovery is in the process of seeking improved bids from potential buyers, with Paramount, Comcast, and Netflix among the companies preparing offers. The auction process is expected to conclude by the end of 2025, with initial bids due by November 20. These activities follow Warner Bros. Discovery’s recent decision to put itself up for sale, sparking interest from major industry players.
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