Netflix (NASDAQ:NFLX) Stock Price Up 0.9%

Netflix, Inc. (NASDAQ:NFLX - Get Free Report)'s stock price rose 0.9% on Thursday . The stock traded as high as $619.80 and last traded at $618.92. Approximately 1,160,580 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 4,198,756 shares. The stock had previously closed at $613.69.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NFLX. KeyCorp raised their price objective on shares of Netflix from $580.00 to $705.00 and gave the company an "overweight" rating in a research report on Wednesday, March 20th. Redburn Atlantic lifted their price target on Netflix from $550.00 to $610.00 and gave the stock a "buy" rating in a research note on Wednesday, January 24th. TD Cowen increased their price objective on Netflix from $600.00 to $725.00 and gave the company a "buy" rating in a research note on Monday, April 8th. Morgan Stanley lifted their target price on shares of Netflix from $600.00 to $700.00 and gave the stock an "overweight" rating in a research note on Friday, April 12th. Finally, The Goldman Sachs Group raised their price target on shares of Netflix from $500.00 to $565.00 and gave the stock a "neutral" rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-three have given a buy rating to the company's stock. According to MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and a consensus target price of $614.75.

Netflix Trading Down 0.5 %

The firm has a market capitalization of $264.23 billion, a P/E ratio of 50.84, a price-to-earnings-growth ratio of 1.67 and a beta of 1.22. The stock's 50-day simple moving average is $605.77 and its two-hundred day simple moving average is $511.86. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.12.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a net margin of 16.04% and a return on equity of 24.76%. Netflix's quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.88 EPS. Equities research analysts expect that Netflix, Inc. will post 17.05 EPS for the current year.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 20,566 shares of the company's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the transaction, the chairman now directly owns 28 shares in the company, valued at approximately $17,091.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Ann Mather sold 3,673 shares of Netflix stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Reed Hastings sold 20,566 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the transaction, the chairman now directly owns 28 shares of the company's stock, valued at $17,091.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 268,335 shares of company stock worth $151,619,811. 2.45% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NFLX. Vanguard Group Inc. increased its stake in Netflix by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 36,438,570 shares of the Internet television network's stock worth $17,741,211,000 after purchasing an additional 178,286 shares during the period. State Street Corp grew its stake in Netflix by 0.4% in the 1st quarter. State Street Corp now owns 16,195,490 shares of the Internet television network's stock worth $5,595,196,000 after acquiring an additional 62,507 shares in the last quarter. Capital World Investors increased its position in shares of Netflix by 0.7% during the fourth quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network's stock worth $5,718,265,000 after acquiring an additional 78,320 shares during the period. Morgan Stanley increased its position in shares of Netflix by 11.1% during the fourth quarter. Morgan Stanley now owns 6,463,661 shares of the Internet television network's stock worth $1,906,005,000 after acquiring an additional 644,162 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of Netflix by 40.6% during the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network's stock valued at $2,654,602,000 after acquiring an additional 1,573,978 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

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.