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 dated Friday, April 25th. The shares were sold at an average price of $1,097.04, for a total transaction of $702,105.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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 transaction of $160,000.00.
• On Tuesday, March 25th, Jeffrey William Karbowski sold 480 shares of Netflix stock. The shares were 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 shares were 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 stock was sold at an average price of $1,000.00, for a total value 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

NFLX traded down $1.51 during trading on Wednesday, hitting $1,124.13. The stock had a trading volume of 2,465,824 shares, compared to its average volume of 3,709,402. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $544.25 and a 12 month high of $1,127.81. The company has a 50 day simple moving average of $959.28 and a 200-day simple moving average of $910.31. The firm has a market cap of $478.40 billion, a PE ratio of 56.69, a P/E/G ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same quarter last year, the company earned $8.28 earnings per share. Analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Hedge Funds Weigh In On Netflix

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Halbert Hargrove Global Advisors LLC grew its stake in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new stake in Netflix in the fourth quarter valued at approximately $27,000. Pathway Financial Advisers LLC raised its position in Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. Transce3nd LLC bought a new stake in Netflix during the 4th quarter worth approximately $32,000. Finally, Newton One Investments LLC acquired a new stake in shares of Netflix in the fourth quarter valued at about $34,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NFLX has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Netflix from $1,025.00 to $1,150.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. KeyCorp raised their price objective on Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Robert W. Baird upped their target price on Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Macquarie raised their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Finally, Wedbush increased their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Monday, April 21st. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.