Netflix, Inc. (NASDAQ:NFLX) CAO Jeffrey William Karbowski Sells 480 Shares

Netflix, Inc. (NASDAQ:NFLX) CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total transaction of $469,526.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• 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 value 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 stock was sold at an average price of $986.75, for a total transaction of $473,640.00.

Netflix Trading Down 2.7 %

Shares of NFLX opened at $970.65 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The firm has a 50 day moving average price of $967.54 and a 200-day moving average price of $864.18. The firm has a market cap of $415.20 billion, a price-to-earnings ratio of 48.95, a PEG ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm posted $2.11 earnings per share. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analyst Weigh In

NFLX has been the subject of several research reports. Citigroup increased their price objective on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. StockNews.com lowered Netflix from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. KeyCorp upped their price objective on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Finally, Robert W. Baird upped their price target on shares of Netflix from $875.00 to $1,200.00 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-six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus target price of $1,016.78.

Institutional Investors Weigh In On Netflix

Institutional investors have recently bought and sold shares of the stock. Life Line Wealth Management LLC bought a new position in shares of Netflix in the fourth quarter worth approximately $209,000. Fire Capital Management LLC bought a new stake in Netflix in the 4th quarter worth $352,000. Mascagni Wealth Management Inc. bought a new stake in Netflix in the 4th quarter worth $528,000. Prostatis Group LLC increased its position in shares of Netflix by 3.7% in the fourth quarter. Prostatis Group LLC now owns 754 shares of the Internet television network’s stock valued at $672,000 after acquiring an additional 27 shares during the period. Finally, M1 Capital Management LLC bought a new position in shares of Netflix during the fourth quarter valued at about $320,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

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.