Netflix (NASDAQ:NFLX) Stock Price Up 1.6%

Netflix, Inc. (NASDAQ:NFLX - Get Free Report)'s share price was up 1.6% on Wednesday . The stock traded as high as $616.25 and last traded at $615.82. Approximately 1,134,430 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 4,380,478 shares. The stock had previously closed at $606.00.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Seaport Res Ptn lowered shares of Netflix from a "buy" rating to a "neutral" rating in a report on Tuesday, January 30th. Rosenblatt Securities lowered their target price on Netflix from $554.00 to $540.00 and set a "neutral" rating for the company in a report on Friday, April 19th. Oppenheimer restated an "outperform" rating and issued a $725.00 price target on shares of Netflix in a report on Friday, April 19th. Canaccord Genuity Group cut Netflix from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $720.00 to $585.00 in a research report on Friday, April 19th. Finally, Loop Capital lifted their target price on Netflix from $585.00 to $700.00 and gave the company a "buy" rating in a research report on Monday, March 18th. 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $631.15.

Netflix Price Performance

The company has a market capitalization of $262.66 billion, a P/E ratio of 42.29, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. The company's 50-day moving average price is $602.85 and its two-hundred day moving average price is $531.62.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly 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 business had revenue of $9.37 billion during the quarter, compared to analysts' expectations of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the firm posted $2.88 EPS. As a group, sell-side analysts expect that Netflix, Inc. will post 18.3 EPS for the current year.

Insider Activity at Netflix

In other Netflix news, Director Anne M. Sweeney sold 3,029 shares of Netflix stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $580.00, for a total value of $1,756,820.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Anne M. Sweeney sold 3,029 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $580.00, for a total transaction of $1,756,820.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jay C. Hoag sold 8,866 shares of the firm's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $562.85, for a total value of $4,990,228.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 155,298 shares of company stock worth $89,753,167. Corporate insiders own 1.76% of the company's stock.

Institutional Investors Weigh In On Netflix

Several institutional investors and hedge funds have recently bought and sold shares of NFLX. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Netflix by 5.4% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 165,959 shares of the Internet television network's stock valued at $100,792,000 after buying an additional 8,446 shares during the period. Barings LLC bought a new position in Netflix in the first quarter valued at approximately $587,000. Cozad Asset Management Inc. increased its stake in Netflix by 6.7% in the first quarter. Cozad Asset Management Inc. now owns 681 shares of the Internet television network's stock valued at $414,000 after acquiring an additional 43 shares during the last quarter. MAI Capital Management raised its position in Netflix by 8.1% during the first quarter. MAI Capital Management now owns 54,728 shares of the Internet television network's stock valued at $33,238,000 after purchasing an additional 4,097 shares in the last quarter. Finally, Motley Fool Asset Management LLC lifted its stake in Netflix by 10.9% during the first quarter. Motley Fool Asset Management LLC now owns 14,440 shares of the Internet television network's stock worth $8,770,000 after purchasing an additional 1,420 shares during the last quarter. 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.