Netflix, Inc. (NASDAQ:NFLX) CAO Jeffrey William Karbowski Sells 640 Shares

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) CAO Jeffrey William Karbowski sold 640 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $1,194.77, for a total transaction of $764,652.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, April 25th, Jeffrey William Karbowski sold 640 shares of Netflix stock. The stock was sold at an average price of $1,097.04, for a total transaction of $702,105.60.
• On Monday, April 21st, 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, 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.

Netflix Stock Performance

Shares of NFLX stock traded down $23.69 during trading hours on Thursday, reaching $1,184.86. The stock had a trading volume of 3,298,873 shares, compared to its average volume of 3,749,226. The firm has a market capitalization of $504.24 billion, a PE ratio of 59.75, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a 50-day simple moving average of $1,050.92 and a 200-day simple moving average of $969.04. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,215.91.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results 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. The company had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period last year, the company posted $8.28 earnings per share. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Hedge Funds Weigh In On Netflix

Institutional investors have recently modified their holdings of the company. Fullcircle Wealth LLC boosted its stake in Netflix by 2.5% during the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock worth $344,000 after buying an additional 9 shares in the last quarter. Capital Analysts LLC lifted its position in Netflix by 0.3% during the 1st quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network's stock worth $2,443,000 after buying an additional 9 shares in the last quarter. Enterprise Financial Services Corp lifted its position in Netflix by 1.8% during the 1st quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network's stock worth $471,000 after buying an additional 9 shares in the last quarter. West Michigan Advisors LLC lifted its position in Netflix by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after purchasing an additional 10 shares during the period. Finally, Warwick Investment Management Inc. lifted its position in Netflix by 3.5% during the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after purchasing an additional 10 shares during the period. Institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

NFLX has been the topic of a number of analyst reports. Pivotal Research lifted their price objective on shares of Netflix from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Loop Capital reissued a "hold" rating on shares of Netflix in a report on Monday, March 24th. Wedbush reaffirmed an "outperform" rating and set a $1,200.00 price target on shares of Netflix in a research note on Monday, May 5th. Macquarie boosted their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Finally, Wall Street Zen downgraded shares of Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and an average target price of $1,112.79.

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.