The Los Gatos, California based Netflix, Inc (NASDAQ:NFLX) doubled the yearly compensation of Chairman and CEO Reed Hastings to $4 million.
Netflix, the world’s biggest video-subscription service, reported in the regulatory filing on Friday that Hastings will get $2 million in salary in 2013, along with $2 million in stock options.
The executive got a $500,000 salary current year and $1.5 million in option allowances, a drop in stock compensation from 2011.
The company reported in the October report that net income in the third-quarter plunged 88% to $7.68 million or 13 cents per share, from $62.5 million or $1.16 per share a year ago.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Coinstar, Inc. (NASDAQ:CSTR) rose +0.18% to settle at $50.43, DISH Network Corp. (NASDAQ:DISH) moved down -1.06% to end at $35.43 while The Walt Disney Company (NYSE:DIS) plunged -0.77% to finish at $49.15 on Friday.
Netflix, Inc. (NASDAQ:NFLX) last session’s volume of 1.59 million shares was lower than its average volume of 3.68 million shares. The stock after opening at $89.80 hit high price of $90.55 and then closed at $89.33 by scoring -1.29%.
NFLX generated revenue of $3.54 billion in the previous twelve months and earned $44.47 million. The Company showed a positive 1.26% in the net profit margin as well as in its operating margin which remained at 2.61%. Company’s annual sales growth for the past five years was 26.31%.
The NFLX’s past twelve months’ price to sales ratio was 1.40 and price to cash ratio remained 6.22. As far as the returns are concerned, NFLX’s return on equity was recorded as 8.05% and return on investment increased 2.78% while its return on asset stayed at 1.54%.
The stock showed weekly downbeat performance of -4.46% which was maintained for the month at 8.63%. Likewise the positive performance for the quarter was recorded as 62.04% and for the year was 26.53% while the YTD performance remained at 28.92%.
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