Netflix (NASDAQ:NFLX) Trading 1.4% Higher

Netflix, Inc. (NASDAQ:NFLX - Get Free Report)'s stock price shot up 1.4% during trading on Thursday . The company traded as high as $561.41 and last traded at $559.37. 613,158 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 4,420,479 shares. The stock had previously closed at $551.71.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of research analyst reports. Guggenheim increased their target price on shares of Netflix from $600.00 to $700.00 and gave the company a "buy" rating in a report on Tuesday, April 16th. Barclays raised their price objective on shares of Netflix from $475.00 to $550.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 9th. Benchmark reissued a "sell" rating and set a $440.00 price objective on shares of Netflix in a research note on Thursday, April 18th. Evercore ISI raised their price objective on shares of Netflix from $640.00 to $650.00 and gave the stock an "outperform" rating in a research note on Friday, April 19th. Finally, Pivotal Research raised their price objective on shares of Netflix from $765.00 to $800.00 and gave the stock a "buy" rating in a research note on Friday, April 19th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $631.15.

Netflix Price Performance

The firm has a market cap of $243.52 billion, a PE ratio of 39.22, a PEG ratio of 1.35 and a beta of 1.23. The firm has a fifty day simple moving average of $602.66 and a two-hundred day simple moving average of $524.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $9.28 billion. During the same quarter in the previous year, the business earned $2.88 EPS. The company's quarterly revenue was up 14.8% on a year-over-year basis. Equities analysts predict that Netflix, Inc. will post 18.13 EPS for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 18,361 shares of the business's stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the sale, the chairman now owns 28 shares in the company, valued at approximately $15,443.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Netflix news, insider David A. Hyman sold 267 shares of the firm's stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value of $148,454.67. Following the sale, the insider now directly owns 31,610 shares of the company's stock, valued at $17,575,476.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 18,361 shares of the firm's stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total value of $10,126,825.94. Following the completion of the sale, the chairman now directly owns 28 shares in the company, valued at $15,443.12. The disclosure for this sale can be found here. Insiders have sold 152,833 shares of company stock valued at $88,270,051 in the last ninety days. Corporate insiders own 1.76% of the company's stock.

Hedge Funds Weigh In On Netflix

Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in Netflix during the fourth quarter worth approximately $2,558,598,000. Wellington Management Group LLP lifted its position in Netflix by 540.9% during the fourth quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network's stock worth $1,888,503,000 after buying an additional 3,273,592 shares in the last quarter. International Assets Investment Management LLC lifted its position in Netflix by 15,039.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network's stock worth $1,010,553,000 after buying an additional 2,061,859 shares in the last quarter. Jennison Associates LLC lifted its position in Netflix by 40.6% during the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network's stock worth $2,654,602,000 after buying an additional 1,573,978 shares in the last quarter. Finally, Global Assets Advisory LLC purchased a new position in Netflix during the first quarter worth approximately $436,514,000. Hedge funds and other 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.