Netflix (NASDAQ:NFLX) Trading Up 0.9%

Netflix, Inc. (NASDAQ:NFLX)’s stock price traded up 0.9% during trading on Thursday . The stock traded as high as $619.80 and last traded at $618.92. 1,160,580 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 4,198,756 shares. The stock had previously closed at $613.69.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Benchmark reiterated a “sell” rating and issued a $440.00 price target on shares of Netflix in a research note on Thursday. Barclays increased their price target on Netflix from $475.00 to $550.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Guggenheim increased their price target on Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday. Bank of America increased their price target on Netflix from $585.00 to $650.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Finally, Wells Fargo & Company increased their price target on Netflix from $460.00 to $650.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $614.75.

Netflix Stock Down 1.0 %

The company’s fifty day simple moving average is $604.73 and its 200-day simple moving average is $511.17. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $263.05 billion, a PE ratio of 51.53, a price-to-earnings-growth ratio of 1.67 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 23rd. The Internet television network reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). Netflix had a return on equity of 24.76% and a net margin of 16.04%. The company had revenue of $8.83 billion for the quarter, compared to analyst estimates of $8.72 billion. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. On average, analysts forecast that Netflix, Inc. will post 17.05 EPS for the current year.

Insider Transactions at Netflix

In other news, CEO Theodore A. Sarandos sold 68,957 shares of Netflix stock in a transaction on Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the sale, the chief executive officer now directly owns 1,278 shares in the company, valued at $717,379.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Jay C. Hoag sold 47,000 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $550.50, for a total transaction of $25,873,500.00. Following the completion of the transaction, the director now directly owns 431,034 shares in the company, valued at $237,284,217. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Theodore A. Sarandos sold 68,957 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the transaction, the chief executive officer now owns 1,278 shares of the company’s stock, valued at $717,379.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 268,335 shares of company stock worth $151,619,811. Company insiders own 2.45% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NFLX. Norges Bank acquired a new position in Netflix during the fourth quarter valued at $2,558,598,000. Wellington Management Group LLP lifted its position in Netflix by 540.9% during the fourth quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock valued at $1,888,503,000 after purchasing an additional 3,273,592 shares during the period. Moneta Group Investment Advisors LLC lifted its position in Netflix by 117,939.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,742,048 shares of the Internet television network’s stock valued at $808,575,000 after purchasing an additional 2,739,725 shares during the period. International Assets Investment Management LLC lifted its position in Netflix by 15,039.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock valued at $1,010,553,000 after purchasing an additional 2,061,859 shares during the period. Finally, Jennison Associates LLC raised its position in shares of Netflix by 40.6% in the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after acquiring an additional 1,573,978 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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.