Netflix, Inc. (NASDAQ:NFLX) CAO Jeffrey William Karbowski Sells 640 Shares of Stock

Netflix, Inc. (NASDAQ:NFLX) CAO Jeffrey William Karbowski sold 640 shares of the firm’s stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $1,097.04, for a total value of $702,105.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, April 21st, Jeffrey William Karbowski sold 160 shares of Netflix stock. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00.
• On Tuesday, March 25th, Jeffrey William Karbowski sold 480 shares of Netflix stock. The shares were sold at an average price of $978.18, for a total value of $469,526.40.
• On Wednesday, February 26th, Jeffrey William Karbowski sold 160 shares of Netflix stock. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00.
• 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 transaction of $160,000.00.
• On Thursday, January 30th, Jeffrey William Karbowski sold 480 shares of Netflix stock. The shares were sold at an average price of $986.75, for a total value of $473,640.00.

Netflix Trading Up 0.8 %

NFLX opened at $1,110.38 on Tuesday. Netflix, Inc. has a twelve month low of $544.25 and a twelve month high of $1,114.00. The company has a fifty day moving average of $957.26 and a 200-day moving average of $908.81. The stock has a market cap of $472.55 billion, a PE ratio of 55.99, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period in the previous year, the business earned $8.28 EPS. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Institutional Trading of Netflix

Several large investors have recently modified their holdings of the stock. West Michigan Advisors LLC grew its stake in shares of Netflix by 1.3% in the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock valued at $692,000 after buying an additional 10 shares during the period. Warwick Investment Management Inc. boosted its holdings in Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock worth $266,000 after acquiring an additional 10 shares in the last quarter. MRP Capital Investments LLC grew its stake in Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network’s stock valued at $938,000 after acquiring an additional 10 shares during the period. Bedell Frazier Investment Counselling LLC increased its holdings in shares of Netflix by 2.2% during the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network’s stock valued at $412,000 after acquiring an additional 10 shares in the last quarter. Finally, Mission Creek Capital Partners Inc. raised its position in shares of Netflix by 0.3% during the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network’s stock worth $3,410,000 after purchasing an additional 10 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of a number of research reports. FBN Securities began coverage on Netflix in a report on Thursday, March 27th. They set an “outperform” rating and a $1,165.00 target price for the company. Benchmark reissued a “hold” rating on shares of Netflix in a report on Monday, April 21st. Evercore ISI increased their target price on shares of Netflix from $1,100.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Monday, April 21st. Robert W. Baird lifted their price objective on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Finally, Piper Sandler set a $1,150.00 target price on Netflix and gave the stock an “overweight” rating in a report on Monday, April 21st. Ten research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $1,072.12.

About Netflix

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.