Jay C. Hoag, a director at Netflix Inc. (NASDAQ:NFLX), recently executed a significant stock transaction, according to a recent filing with the Securities and Exchange Commission. On January 23, Hoag sold 617 shares of Netflix common stock at a price of $979.

Red-hot Netflix (NFLX) stock is flashing a historically-reliable bullish signal, even the company's outstanding fourth-quarter earnings report

Netflix stock (NFLX) surged, after the streaming service reported the highest-ever level of quarterly subscriber gains and said it plans to [raise U.S. prices](

Netflix stock opened for trading at a split-adjusted $111.02 on July 16, 2015, after the seven-for-one split. A $1,000 investment at the time could have bought 9.01 Netflix shares. Today, that $1,000 investment would be worth $8,834.49, up 783.4%.

Netflix's blockbuster Q4 earnings and subscriber adds exceeded expectations. Click here to find out the factors that justify a buy rating on NFLX stock.

Netflix shares have roughly doubled in the past year, setting a high bar for future growth as its market capitalization overtakes the valuations of rivals Disney, Comcast, Warner Bros. Discovery, and Paramount Global combined.