Netflix, Inc. (NASDAQ:NFLX) CAO Jeffrey William Karbowski Sells 480 Shares

Netflix, Inc. (NASDAQ:NFLX) CAO Jeffrey William Karbowski sold 480 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Jeffrey William Karbowski also recently made the following trade(s):

• On Tuesday, February 4th, Jeffrey William Karbowski sold 160 shares of Netflix stock. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00.

Netflix Stock Up 1.6 %

Netflix stock opened at $1,011.11 on Thursday. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,011.83. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $432.51 billion, a price-to-earnings ratio of 50.99, a PEG ratio of 2.02 and a beta of 1.27. The company’s 50 day simple moving average is $909.38 and its 200 day simple moving average is $784.44.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.11 EPS. As a group, sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Hedge Funds Weigh In On Netflix

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NFLX. Nordea Investment Management AB grew its position in shares of Netflix by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock valued at $760,918,000 after acquiring an additional 156,958 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Netflix by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock valued at $1,829,494,000 after purchasing an additional 29,726 shares during the last quarter. Natixis Advisors LLC grew its holdings in Netflix by 2.0% during the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after purchasing an additional 11,921 shares during the period. M&T Bank Corp increased its position in Netflix by 4.2% during the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after buying an additional 1,684 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new stake in Netflix in the third quarter valued at approximately $1,517,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on NFLX shares. Argus boosted their price target on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Benchmark upgraded shares of Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Needham & Company LLC increased their target price on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Pivotal Research boosted their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, Arete Research raised shares of Netflix to a “hold” rating in a report on Thursday, January 23rd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.