Netflix (NASDAQ:NFLX) Shares Up 1.4%

Netflix, Inc. (NASDAQ:NFLX)’s share price rose 1.4% during trading on Thursday . The company traded as high as $561.41 and last traded at $559.37. Approximately 613,158 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 4,420,479 shares. The stock had previously closed at $551.71.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NFLX shares. Jefferies Financial Group increased their target price on Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, March 12th. Barclays raised their price objective on shares of Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Piper Sandler boosted their target price on shares of Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Oppenheimer reaffirmed an “outperform” rating and issued a $725.00 price target on shares of Netflix in a research report on Friday, April 19th. Finally, CICC Research began coverage on Netflix in a report on Thursday. They set an “outperform” rating and a $650.00 price objective for the company. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average target price of $631.15.

Netflix Stock Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $243.37 billion, a PE ratio of 38.82, a price-to-earnings-growth ratio of 1.35 and a beta of 1.23. The business has a 50 day moving average price of $603.12 and a two-hundred day moving average price of $524.53.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same period last year, the company earned $2.88 earnings per share. The company’s revenue was up 14.8% on a year-over-year basis. As a group, equities research analysts forecast that Netflix, Inc. will post 18.13 EPS for the current fiscal year.

Insider Activity

In other news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction, the chief executive officer now owns 1,278 shares in the company, valued at approximately $717,379.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $17,575,476.10. The disclosure for this sale can be found here. Insiders have sold a total of 133,839 shares of company stock valued at $77,788,745 over the last ninety days. 1.76% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NFLX. Columbia Trust Co 01012016 grew its position in shares of Netflix by 15.3% during the fourth quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock worth $762,000 after purchasing an additional 208 shares in the last quarter. Crumly & Associates Inc. grew its holdings in Netflix by 4.1% during the 4th quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock valued at $1,025,000 after buying an additional 83 shares in the last quarter. Venture Visionary Partners LLC lifted its holdings in shares of Netflix by 15.4% in the fourth quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock worth $4,795,000 after buying an additional 1,318 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Netflix by 142.6% during the third quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock worth $252,085,000 after acquiring an additional 392,427 shares during the last quarter. Finally, Sandy Cove Advisors LLC grew its stake in Netflix by 10.6% during the fourth quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after acquiring an additional 114 shares in 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.