Netflix CAO Jeffrey William Karbowski Sells Shares

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) Chief Accounting Officer Jeffrey William Karbowski sold 480 shares of the company's stock on March 25th. The shares were sold at an average price of $978.18, resulting in a total transaction value of $469,526.40. This sale was reported to the Securities and Exchange Commission and can be accessed through their official website.

Recent Trading Activity

In addition to this recent sale, Jeffrey William Karbowski has also completed several other transactions involving Netflix shares:

• On February 26th, he sold 160 shares for an average price of $1,000.00, totaling $160,000.00.
• On February 4th, he sold another 160 shares at an average price of $1,000.00, again amounting to $160,000.00.
• On January 30th, he sold 480 shares at an average price of $986.75, with a total value of $473,640.00.

Market Performance

Following these transactions, Netflix's stock experienced a decline of 2.7%, dropping $26.63 during mid-day trading on the following Wednesday, to a price of $970.65. Over 3.5 million shares were traded, surpassing the average volume of 3.49 million shares. Currently, Netflix has a market capitalization of $415.20 billion, a price-to-earnings (PE) ratio of 48.95, and has shown a price-to-earnings-growth ratio of 2.12, with a beta of 1.38. The stock has seen a 50-day moving average of $967.54 and a 200-day moving average of $864.18. The company’s stock price has ranged from a twelve-month low of $542.01 to a high of $1,064.50.

Earnings Results

Netflix recently announced its quarterly earnings on January 21st, where the company reported earnings per share (EPS) of $4.27, exceeding analyst expectations of $4.20. The company registered a return on equity of 38.32% and a net profit margin of 22.34%. For that quarter, Netflix generated revenue of $10.25 billion, slightly above the forecast of $10.14 billion. This reflected a year-over-year revenue increase of 16%. Analysts project that Netflix will achieve an EPS of 24.58 in the current fiscal year.

Investor Activity

Recent activity shows that institutional investors and hedge funds have been adjusting their stakes in Netflix. For instance, Life Line Wealth Management LLC purchased a new stake worth about $209,000 during the fourth quarter, while Fire Capital Management LLC acquired a stake valued at $352,000. Other notable transactions include Mascagni Wealth Management Inc.'s new investment worth approximately $528,000. Following these moves, hedge funds and institutional investors now hold 80.93% of Netflix shares.

Analysts' Insights

As for future growth, several equity analysts have expressed their views on Netflix. Macquarie upgraded their price target from $965.00 to $1,150.00 and gave Netflix an 'outperform' rating. Similarly, Canaccord Genuity raised their rating from 'hold' to 'buy,' and increased their price target to $1,150.00. However, StockNews.com changed their rating from 'buy' to 'hold' in a recent update. Currently, Netflix holds a consensus rating of 'Moderate Buy' among analysts, with an average target price of $1,016.78.

About Netflix

Netflix, Inc. offers a range of entertainment services, including TV series, documentaries, feature films, and games across multiple genres and languages. The platform allows members to stream content over various internet-connected devices, such as TVs, gaming consoles, and mobile devices.

Netflix, Stock, Transaction