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 business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 Trading Up 1.6 %

Shares of NASDAQ NFLX opened at $1,011.11 on Thursday. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,011.83. The stock has a market capitalization of $432.51 billion, a PE ratio of 50.99, a PEG ratio of 2.02 and a beta of 1.27. 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 $909.38 and a 200-day simple moving average of $784.44.

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

Institutional Trading of Netflix

A number of institutional investors have recently bought and sold shares of the business. Plato Investment Management Ltd lifted its holdings in Netflix by 4.3% during the 4th quarter. Plato Investment Management Ltd now owns 11,351 shares of the Internet television network’s stock worth $10,154,000 after buying an additional 473 shares during the last quarter. Bellecapital International Ltd. lifted its holdings in shares of Netflix by 7.7% in the 4th quarter. Bellecapital International Ltd. now owns 5,791 shares of the Internet television network’s stock valued at $5,162,000 after purchasing an additional 414 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Netflix in the 4th quarter valued at about $9,105,000. Jones Financial Companies Lllp lifted its holdings in shares of Netflix by 45.4% in the 4th quarter. Jones Financial Companies Lllp now owns 23,044 shares of the Internet television network’s stock valued at $20,540,000 after purchasing an additional 7,190 shares during the last quarter. Finally, Modera Wealth Management LLC lifted its holdings in shares of Netflix by 17.7% in the 4th quarter. Modera Wealth Management LLC now owns 2,070 shares of the Internet television network’s stock valued at $1,845,000 after purchasing an additional 312 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several recent analyst reports. 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. Oppenheimer raised their price target on Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Citigroup raised their price target on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. TD Cowen raised their price target on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, Benchmark raised Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Ten research 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 company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.