Netflix, Inc. (NASDAQ:NFLX) CAO Sells $160,000.00 in Stock

Netflix, Inc. (NASDAQ:NFLX) CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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 shares were sold at an average price of $986.75, for a total transaction of $473,640.00.

Netflix Trading Up 1.8 %

Shares of NASDAQ NFLX opened at $980.56 on Friday. The stock has a market cap of $419.44 billion, a price-to-earnings ratio of 49.45, a PEG ratio of 2.12 and a beta of 1.27. The business has a 50 day simple moving average of $947.72 and a 200 day simple moving average of $832.09. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. 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 (NASDAQ:NFLX) last announced its quarterly 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. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.11 EPS. On average, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NFLX shares. Rosenblatt Securities upgraded shares of Netflix from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Morgan Stanley lifted their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Piper Sandler reiterated an “overweight” rating and issued a $1,100.00 price target (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. KeyCorp boosted their price target on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group boosted their price target on shares of Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Ten 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. According to data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Institutional Investors Weigh In On Netflix

Several large investors have recently made changes to their positions in NFLX. AMF Tjanstepension AB boosted its position in Netflix by 7.4% during the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock worth $48,557,000 after purchasing an additional 4,701 shares during the period. Swedbank AB boosted its position in Netflix by 1.8% during the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after purchasing an additional 8,024 shares during the period. Pallas Capital Advisors LLC boosted its position in Netflix by 10.3% during the third quarter. Pallas Capital Advisors LLC now owns 3,866 shares of the Internet television network’s stock worth $2,917,000 after purchasing an additional 361 shares during the period. Boston Financial Mangement LLC boosted its position in Netflix by 1.1% during the third quarter. Boston Financial Mangement LLC now owns 1,891 shares of the Internet television network’s stock worth $1,341,000 after purchasing an additional 20 shares during the period. Finally, Better Money Decisions LLC boosted its position in Netflix by 14.4% during the third quarter. Better Money Decisions LLC now owns 793 shares of the Internet television network’s stock worth $562,000 after purchasing an additional 100 shares during the period. Institutional investors own 80.93% of the company’s stock.

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.