LOS GATOS, CA—Jeffrey William Karbowski, the Chief Accounting Officer of Netflix Inc. (NASDAQ:NFLX), a streaming giant with a market capitalization of $420 billion and a perfect Piotroski Score of 9, executed a significant stock sale on April 21, 2025, according to a recent SEC filing.
Karbowski sold 160 shares of Netflix common stock at a price of $1,000 per share, totaling $160,000. This transaction was part of a pre-arranged trading plan under Rule 10b5-1, which he adopted on October 29, 2024.
On the same day, Karbowski also exercised stock options to acquire 160 shares at prices ranging from $380.33 to $403.13, amounting to a total value of $62,220. Following these transactions, he holds no shares directly.
These transactions were executed under a trading plan, providing a structured way for insiders to sell stock while avoiding potential conflicts of interest.
In other recent news, Netflix’s financial performance and strategic developments have attracted significant attention from analysts. Netflix’s first-quarter 2025 earnings report exceeded Piper Sandler’s expectations, with revenues and operating income surpassing forecasts by 1% and 13%, respectively. The company has maintained robust guidance for the second quarter, leading Piper Sandler to raise its revenue estimates and increase the stock price target to $1,150, emphasizing Netflix’s strong market position. Similarly, Macquarie has raised its price target to $1,200, following a 12.5% increase in revenue to $10.5 billion, aligning with expectations. The company has also seen a notable rise in operating margins, reaching 31.7%.
BMO Capital Markets and KeyBanc Capital Markets have also adjusted their price targets for Netflix, citing positive developments in the company’s advertising and content strategies. BMO raised its target to $1,200, highlighting Netflix’s introduction of an Ad Suite in the U.S., with plans for international expansion. KeyBanc increased its target to $1,070, noting the potential for a multi-year product cycle in the advertising business and upcoming content releases. Benchmark, however, maintained a Hold rating, estimating Netflix’s fair value around $1,070, while acknowledging its strong execution and potential resilience against economic downturns. These recent developments underscore Netflix’s strategic efforts to diversify revenue streams and strengthen its market position amidst evolving industry dynamics.
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