Netflix (NASDAQ:NFLX) Stock Price Up 1.7%

Netflix, Inc. (NASDAQ:NFLX) shares rose 1.7% during trading on Tuesday . The company traded as high as $611.05 and last traded at $608.92. Approximately 1,038,038 shares traded hands during trading, a decline of 74% from the average daily volume of 3,921,697 shares. The stock had previously closed at $598.55.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Sanford C. Bernstein increased their target price on Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft increased their target price on Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. CICC Research initiated coverage on Netflix in a research report on Thursday, May 2nd. They issued an “outperform” rating and a $650.00 target price for the company. Finally, Benchmark increased their target price on Netflix from $450.00 to $545.00 and gave the stock a “sell” rating in a research report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $681.21.

Netflix Stock Up 1.8 %

The company has a market capitalization of $262.72 billion, a PE ratio of 42.26, a P/E/G ratio of 1.28 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The company has a 50-day moving average of $655.13 and a two-hundred day moving average of $615.50.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. The business had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the firm earned $3.29 earnings per share. Sell-side analysts anticipate that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 564 shares of Netflix stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $613.08, for a total value of $345,777.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Gregory K. Peters sold 4,783 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,835,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 564 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $613.08, for a total value of $345,777.12. The disclosure for this sale can be found here. Insiders have sold a total of 73,415 shares of company stock valued at $47,477,222 over the last ninety days. 1.76% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Netflix

Several large investors have recently modified their holdings of the stock. Obermeyer Wood Investment Counsel Lllp increased its position in shares of Netflix by 2.8% during the 1st quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock valued at $378,000 after purchasing an additional 17 shares during the last quarter. Private Portfolio Partners LLC increased its position in shares of Netflix by 1.7% during the 1st quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock valued at $633,000 after purchasing an additional 17 shares during the last quarter. FAS Wealth Partners Inc. increased its position in shares of Netflix by 1.5% during the 2nd quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network’s stock valued at $786,000 after purchasing an additional 17 shares during the last quarter. KFA Private Wealth Group LLC increased its position in shares of Netflix by 1.9% during the 4th quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock valued at $466,000 after purchasing an additional 18 shares during the last quarter. Finally, Legacy Capital Group California Inc. increased its position in shares of Netflix by 0.6% during the 4th quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet television network’s stock valued at $1,379,000 after purchasing an additional 18 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

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.