Jeffrey William Karbowski Sells 160 Shares of Netflix, Inc. (NASDAQ:NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 transaction of $473,640.00.

Netflix Trading Up 0.5 %

NFLX stock opened at $1,015.68 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company’s 50-day simple moving average is $912.05 and its 200 day simple moving average is $786.03. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,016.35. The company has a market capitalization of $434.47 billion, a PE ratio of 51.22, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27.

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

Institutional Investors Weigh In On Netflix

Several institutional investors and hedge funds have recently bought and sold shares of the company. West Michigan Advisors LLC lifted its position in Netflix by 1.3% during the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock worth $692,000 after purchasing an additional 10 shares during the period. Enzi Wealth lifted its position in Netflix by 3.4% during the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock worth $316,000 after purchasing an additional 11 shares during the period. TCI Wealth Advisors Inc. lifted its position in Netflix by 1.6% during the fourth quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock worth $624,000 after purchasing an additional 11 shares during the period. Blossom Wealth Management lifted its position in Netflix by 0.9% during the fourth quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network’s stock worth $1,112,000 after purchasing an additional 11 shares during the period. Finally, Everett Harris & Co. CA lifted its position in Netflix by 1.3% during the fourth quarter. Everett Harris & Co. CA now owns 870 shares of the Internet television network’s stock worth $775,000 after purchasing an additional 11 shares during the period. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Pivotal Research increased 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. Phillip Securities downgraded shares of Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. Evercore ISI raised their target price on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. raised their target price on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Finally, TD Cowen raised their target price on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,021.70.

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.