Netflix (NASDAQ:NFLX) Stock Price Up 1.4%

Netflix, Inc. (NASDAQ:NFLX)’s share price rose 1.4% on Thursday . The company traded as high as $694.00 and last traded at $693.30. Approximately 546,254 shares traded hands during trading, a decline of 86% from the average daily volume of 3,822,384 shares. The stock had previously closed at $683.84.

Analyst Ratings Changes

NFLX has been the subject of several research reports. Guggenheim increased their price objective on shares of Netflix from $700.00 to $735.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Needham & Company LLC restated a “buy” rating and issued a $700.00 price target on shares of Netflix in a research report on Friday, July 19th. JPMorgan Chase & Co. upped their price target on shares of Netflix from $650.00 to $750.00 and gave the company an “overweight” rating in a research report on Friday, July 12th. Morgan Stanley upped their price target on shares of Netflix from $700.00 to $780.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Finally, Jefferies Financial Group upped their price target on shares of Netflix from $655.00 to $780.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $682.42.

Netflix Price Performance

The stock has a market capitalization of $297.94 billion, a P/E ratio of 48.47, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. The business’s 50 day simple moving average is $658.81 and its two-hundred day simple moving average is $628.45. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55.

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

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Jay C. Hoag sold 37,675 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $629.73, for a total transaction of $23,725,077.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $19,128,159.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,700 shares of company stock valued at $98,283,982. Corporate insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NFLX. Precision Wealth Strategies LLC increased its holdings in Netflix by 3.5% during the fourth quarter. Precision Wealth Strategies LLC now owns 2,444 shares of the Internet television network’s stock worth $1,190,000 after buying an additional 83 shares during the last quarter. Gilbert & Cook Inc. increased its holdings in Netflix by 5.9% during the fourth quarter. Gilbert & Cook Inc. now owns 2,177 shares of the Internet television network’s stock worth $1,060,000 after buying an additional 121 shares during the last quarter. Cozad Asset Management Inc. purchased a new stake in Netflix during the fourth quarter worth about $311,000. Savant Capital LLC increased its holdings in Netflix by 13.1% during the fourth quarter. Savant Capital LLC now owns 7,873 shares of the Internet television network’s stock worth $3,833,000 after buying an additional 909 shares during the last quarter. Finally, Hartford Funds Management Co LLC purchased a new position in shares of Netflix in the fourth quarter worth about $276,000. 80.93% of the stock is owned by institutional investors.

About Netflix

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.