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

Netflix, Inc. (NASDAQ:NFLX) CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, February 4th, Jeffrey William Karbowski sold 160 shares of Netflix stock. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00.
• On Thursday, January 30th, Jeffrey William Karbowski sold 480 shares of Netflix stock. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00.

Netflix Stock Down 2.7 %

Shares of NASDAQ NFLX opened at $963.07 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $946.29 and a 200 day moving average price of $828.40. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The stock has a market capitalization of $411.96 billion, a price-to-earnings ratio of 48.57, a price-to-earnings-growth ratio of 2.12 and a beta of 1.27.

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

Hedge Funds Weigh In On Netflix

Large investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Netflix during the fourth quarter valued at approximately $5,019,087,000. Proficio Capital Partners LLC raised its stake in shares of Netflix by 123,836.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network’s stock valued at $1,716,662,000 after acquiring an additional 1,924,423 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Netflix by 59.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network’s stock valued at $2,051,016,000 after acquiring an additional 856,307 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Netflix by 318.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network’s stock worth $870,752,000 after purchasing an additional 743,724 shares during the period. Finally, Northern Trust Corp boosted its position in Netflix by 14.3% during the 4th quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network’s stock worth $4,076,903,000 after purchasing an additional 570,674 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NFLX. Arete Research upgraded Netflix to a “hold” rating in a report on Thursday, January 23rd. Guggenheim increased their price target on Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. BMO Capital Markets restated an “outperform” rating and set a $1,175.00 price target (up from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Finally, Evercore ISI raised their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.