Netflix (NASDAQ:NFLX) Shares Up 0.3% – Still a Buy?

Netflix, Inc. (NASDAQ:NFLX)’s stock price traded up 0.3% during mid-day trading on Thursday . The stock traded as high as $753.67 and last traded at $751.80. 571,431 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 3,715,996 shares. The stock had previously closed at $749.29.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of recent research reports. The Goldman Sachs Group set a $750.00 target price on shares of Netflix in a research report on Friday, October 18th. China Renaissance began coverage on shares of Netflix in a research note on Thursday, September 5th. They set a “hold” rating and a $680.00 price target on the stock. TD Cowen upped their price objective on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Wells Fargo & Company lifted their target price on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, Barclays reissued an “underweight” rating and issued a $550.00 price target on shares of Netflix in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $747.70.

Netflix Trading Up 0.0 %

The firm has a market capitalization of $322.60 billion, a P/E ratio of 42.71, a PEG ratio of 1.48 and a beta of 1.26. The business’s 50 day moving average is $706.67 and its two-hundred day moving average is $659.30. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Insiders Place Their Bets

In related news, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $626.19, for a total transaction of $271,140.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory K. Peters sold 4,186 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,817,500. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 229,711 shares of company stock worth $153,905,830. 1.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NFLX. Wealthcare Advisory Partners LLC lifted its holdings in shares of Netflix by 10.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 2,017 shares of the Internet television network’s stock valued at $1,225,000 after purchasing an additional 187 shares during the last quarter. Capital Asset Advisory Services LLC purchased a new stake in Netflix during the first quarter valued at about $232,000. Independence Bank of Kentucky boosted its holdings in shares of Netflix by 3.3% in the first quarter. Independence Bank of Kentucky now owns 1,095 shares of the Internet television network’s stock worth $665,000 after buying an additional 35 shares during the period. Occidental Asset Management LLC increased its position in shares of Netflix by 10.4% in the first quarter. Occidental Asset Management LLC now owns 586 shares of the Internet television network’s stock worth $356,000 after acquiring an additional 55 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Netflix during the first quarter valued at approximately $230,000. Institutional investors and hedge funds 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.