Netflix (NASDAQ:NFLX) Trading 0.2% Higher – Here’s What Happened

Netflix, Inc. (NASDAQ:NFLX)’s share price rose 0.2% during trading on Monday . The company traded as high as $760.62 and last traded at $757.90. Approximately 469,906 shares were traded during trading, a decline of 87% from the average daily volume of 3,686,175 shares. The stock had previously closed at $756.10.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research reports. Pivotal Research raised their price objective on shares of Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Sanford C. Bernstein raised their price objective on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Jefferies Financial Group raised their price objective on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. BMO Capital Markets restated an “outperform” rating and set a $825.00 price objective (up from $770.00) on shares of Netflix in a research report on Friday, October 18th. Finally, Wedbush raised their price objective on shares of Netflix from $725.00 to $775.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average target price of $748.15.

Netflix Stock Up 0.4 %

The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock’s 50-day simple moving average is $712.96 and its 200-day simple moving average is $664.70. The firm has a market capitalization of $324.54 billion, a P/E ratio of 42.99, a P/E/G ratio of 1.46 and a beta of 1.25.

Insiders Place Their Bets

In other Netflix news, Director Leslie J. Kilgore sold 358 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total value of $273,870.00. Following the transaction, the director now directly owns 35,262 shares in the company, valued at $26,975,430. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Netflix news, Director Leslie J. Kilgore sold 358 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total value of $273,870.00. Following the transaction, the director now directly owns 35,262 shares in the company, valued at $26,975,430. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard N. Barton sold 5,698 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the sale, the director now owns 246 shares in the company, valued at $185,976. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 209,810 shares of company stock valued at $142,049,542. Corporate insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Netflix

A number of institutional investors have recently made changes to their positions in the stock. Whittier Trust Co. grew its holdings in shares of Netflix by 3.2% during the 1st quarter. Whittier Trust Co. now owns 4,158 shares of the Internet television network’s stock valued at $2,525,000 after purchasing an additional 129 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Netflix by 53.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 722 shares of the Internet television network’s stock valued at $438,000 after buying an additional 251 shares during the period. Smith Salley Wealth Management boosted its position in Netflix by 3.5% during the 1st quarter. Smith Salley Wealth Management now owns 1,491 shares of the Internet television network’s stock valued at $906,000 after buying an additional 51 shares during the period. Proficio Capital Partners LLC boosted its position in Netflix by 29.6% during the 1st quarter. Proficio Capital Partners LLC now owns 2,002 shares of the Internet television network’s stock valued at $1,216,000 after buying an additional 457 shares during the period. Finally, GSA Capital Partners LLP boosted its position in Netflix by 491.0% during the 1st quarter. GSA Capital Partners LLP now owns 5,059 shares of the Internet television network’s stock valued at $3,072,000 after buying an additional 4,203 shares during the period. Institutional investors own 80.93% of the company’s stock.

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.