Netflix, Inc. (NASDAQ:NFLX) CAO Sells $702,105.60 in Stock

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) CAO Jeffrey William Karbowski sold 640 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $1,097.04, for a total value of $702,105.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, April 21st, Jeffrey William Karbowski sold 160 shares of Netflix stock. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00.
• On Tuesday, March 25th, Jeffrey William Karbowski sold 480 shares of Netflix stock. The stock was sold at an average price of $978.18, for a total transaction of $469,526.40.
• 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 transaction 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 value of $473,640.00.

Netflix Stock Performance

Netflix stock traded up $8.85 during midday trading on Monday, reaching $1,110.38. 3,826,879 shares of the company traded hands, compared to its average volume of 3,708,751. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 12 month low of $544.25 and a 12 month high of $1,113.82. The firm has a market capitalization of $472.55 billion, a price-to-earnings ratio of 55.99, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. The business has a 50 day moving average of $955.92 and a two-hundred day moving average of $906.10.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the previous year, the company posted $8.28 earnings per share. As a group, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Nordea Investment Management AB increased its holdings in Netflix by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network's stock worth $760,918,000 after acquiring an additional 156,958 shares in the last quarter. First National Trust Co raised its position in shares of Netflix by 1.0% during the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after purchasing an additional 12 shares during the period. Haven Private LLC purchased a new position in shares of Netflix during the 4th quarter valued at $733,000. Sigma Planning Corp increased its stake in Netflix by 7.4% in the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock worth $4,966,000 after buying an additional 386 shares in the last quarter. Finally, Quilter Plc raised its holdings in Netflix by 8.2% during the fourth quarter. Quilter Plc now owns 143,757 shares of the Internet television network's stock valued at $128,133,000 after acquiring an additional 10,946 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NFLX shares. FBN Securities began coverage on shares of Netflix in a research note on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 target price on the stock. Loop Capital restated a "hold" rating on shares of Netflix in a research report on Monday, March 24th. Robert W. Baird raised their price target on Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. Wolfe Research raised Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price objective for the company in a report on Thursday, January 23rd. Finally, Barclays raised their price target on Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research report on Monday, April 21st. Ten investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,072.12.

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.

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