Netflix, Inc. (NASDAQ:NFLX) CAO Jeffrey William Karbowski Sells 620 Shares

Netflix, Inc. (NASDAQ:NFLX) CAO Jeffrey William Karbowski sold 620 shares of the company’s stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $1,286.84, for a total transaction of $797,840.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, May 27th, Jeffrey William Karbowski sold 640 shares of Netflix stock. The stock was sold at an average price of $1,194.77, for a total value of $764,652.80.
• 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 value of $702,105.60.
• 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.

Netflix Stock Up 2.5%

NASDAQ:NFLX opened at $1,306.67 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,310.25. The company has a market cap of $556.08 billion, a PE ratio of 61.75, a P/E/G ratio of 2.47 and a beta of 1.59. The company’s 50 day moving average is $1,176.24 and its two-hundred day moving average is $1,020.75.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period in the previous year, the company earned $8.28 earnings per share. Analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Institutional Trading of Netflix

Several large investors have recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC increased its holdings in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after buying an additional 13 shares during the period. Brown Shipley& Co Ltd purchased a new stake in shares of Netflix in the 4th quarter valued at $27,000. Transce3nd LLC purchased a new stake in shares of Netflix in the 4th quarter valued at $32,000. Copia Wealth Management acquired a new stake in shares of Netflix in the fourth quarter worth $37,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of Netflix during the first quarter worth $37,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of a number of research reports. Rosenblatt Securities upped their price objective on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. Pivotal Research boosted their price target on shares of Netflix from $1,350.00 to $1,600.00 and gave the company a “buy” rating in a report on Friday, June 20th. UBS Group increased their price objective on shares of Netflix from $1,150.00 to $1,450.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Piper Sandler set a $1,150.00 price objective on shares of Netflix and gave the company an “overweight” rating in a report on Monday, April 21st. Finally, Morgan Stanley upped their target price on Netflix from $1,150.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,172.73.

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.