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

Netflix, Inc. (NASDAQ:NFLX) CAO Jeffrey William Karbowski sold 480 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Netflix Price Performance

Shares of NFLX traded up $2.18 during mid-day trading on Monday, hitting $978.94. 3,712,937 shares of the company were exchanged, compared to its average volume of 4,478,944. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company has a 50 day moving average of $904.67 and a 200-day moving average of $779.53. The stock has a market cap of $418.75 billion, a price-to-earnings ratio of 49.37, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $999.00.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the business posted $2.11 earnings per share. The firm’s revenue was up 16.0% compared to the same quarter last year. Analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Macquarie upped their price objective on Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Jefferies Financial Group lifted their price target on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Arete Research raised Netflix to a “hold” rating in a research report on Thursday, January 23rd. Barclays raised Netflix from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Finally, Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and lifted their price objective for the company from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Hedge Funds Weigh In On Netflix

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Pinnacle Financial Partners Inc lifted its stake in Netflix by 17.8% in the fourth quarter. Pinnacle Financial Partners Inc now owns 7,427 shares of the Internet television network’s stock worth $6,620,000 after acquiring an additional 1,123 shares during the last quarter. Sigma Planning Corp lifted its position in shares of Netflix by 7.4% during the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock worth $4,966,000 after purchasing an additional 386 shares during the last quarter. Callan Capital LLC grew its stake in shares of Netflix by 7.2% during the fourth quarter. Callan Capital LLC now owns 3,336 shares of the Internet television network’s stock worth $2,973,000 after purchasing an additional 224 shares in the last quarter. Oxbow Advisors LLC increased its holdings in Netflix by 2.4% in the fourth quarter. Oxbow Advisors LLC now owns 679 shares of the Internet television network’s stock valued at $605,000 after buying an additional 16 shares during the last quarter. Finally, Carl P. Sherr & Co. LLC acquired a new stake in Netflix in the fourth quarter valued at $688,000. 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.