In a recent filing with the Securities and Exchange Commission, Netflix Inc. (NASDAQ:NFLX) director Strive Masiyiwa disclosed the sale of 2,813 shares of common stock, amounting to approximately $2.8 million. The shares were sold at a price of $1,007.87 each on February 6, 2025. The transaction comes as Netflix, now valued at $434 billion, trades near its 52-week high of $1,027.76, with technical indicators suggesting overbought conditions according to InvestingPro analysis.
Additionally, on the same day, Masiyiwa exercised several stock options, acquiring a total of 2,813 shares at prices ranging from $179.95 to $324.12. The total value of these acquisitions was approximately $687,368. These transactions were conducted under a Rule 10b5-1 trading plan, which was adopted by Masiyiwa in November 2024. The stock has shown remarkable strength, delivering an 81% return over the past year. InvestingPro subscribers can access comprehensive insider trading analysis and 22 additional investment tips for Netflix, along with detailed Fair Value assessments.
In other recent news, Netflix has been the focus of various financial and entertainment developments. The company recently announced the release date for the third and final season of its hit series 'Squid Game,' scheduled to premiere on June 27. This follows the massive success of the show's second season, which garnered a record-breaking 68 million views in its premiere week.
In the UK, changes to the BBC license fee are being considered, potentially impacting households using streaming services such as Netflix. These discussions aim to modernize the funding model for public-service broadcasters in light of the growing popularity of streaming platforms.
In financial news, Phillip Securities downgraded Netflix's stock rating to 'Reduce' from 'Neutral,' despite raising the price target to $870 from $695. This decision reflects strong membership growth and the success of Netflix's advertising business. Meanwhile, Loop Capital Markets increased its price target for Netflix shares to $1,000, maintaining a 'Hold' rating, following the company's impressive fourth-quarter performance.
Guggenheim analysts also raised their price target on Netflix shares to $1,100, reiterating a 'Buy' rating. This adjustment came after Netflix's fourth-quarter results exceeded expectations, with a record 19 million net member additions. These are the recent developments related to Netflix, reflecting both its entertainment and financial aspects.
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