Reed Hastings sells $31.85 million of Netflix stock by Investing.com

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

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

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

KeyBanc Capital Markets maintained an Overweight rating on Netflix, expressing confidence in the streaming giant’s ability to outperform through 2025. The company’s analyst raised the price target to $1,000 from $785 previously, citing factors such as declining competitive intensity and the introduction of live events. .

In terms of major news, Netflix has acquired exclusive US rights to broadcast the 2027 and 2031 Women’s World Cup Finals. This represents the company’s first full acquisition of the rights to a major sporting event, and is expected to enhance the profile of women’s football and provide comprehensive coverage for fans.

These are the latest developments in the company’s journey.

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