Netflix, Inc. (NASDAQ:NFLX) CAO Sells $473,640.00 in Stock

Netflix, Inc. (NASDAQ:NFLX) CAO Jeffrey William Karbowski sold 480 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Netflix Trading Up 1.6 %

Shares of Netflix stock opened at $994.87 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a fifty day simple moving average of $906.93 and a 200 day simple moving average of $781.90. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,008.00. The company has a market capitalization of $425.57 billion, a P/E ratio of 50.17, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its 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 company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the company posted $2.11 earnings per share. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several recent research reports. Wedbush reiterated an “outperform” rating and set a $1,150.00 target price (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Robert W. Baird raised their target price on Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Piper Sandler reiterated an “overweight” rating and issued a $1,100.00 price target (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Finally, Morgan Stanley raised their price objective on Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Hedge Funds Weigh In On Netflix

Several hedge funds have recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in Netflix during the third quarter worth $25,000. Pathway Financial Advisers LLC increased its position in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the period. Newton One Investments LLC purchased a new position in shares of Netflix in the 4th quarter worth about $34,000. Finally, MidAtlantic Capital Management Inc. bought a new position in Netflix during the third quarter valued at about $37,000. Institutional investors own 80.93% of the company’s stock.

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.