Netflix (NASDAQ:NFLX) Shares Up 0.4%

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) rose 0.4% during mid-day trading on Thursday . The stock traded as high as $618.29 and last traded at $616.05. Approximately 699,439 shares traded hands during trading, a decline of 84% from the average daily volume of 4,293,355 shares. The stock had previously closed at $613.52.

Wall Street Analyst Weigh In

NFLX has been the subject of several research reports. Pivotal Research upped their price objective on shares of Netflix from $765.00 to $800.00 and gave the company a "buy" rating in a research note on Friday, April 19th. BMO Capital Markets reaffirmed an "outperform" rating and set a $713.00 price objective (up previously from $638.00) on shares of Netflix in a research note on Wednesday, April 17th. Seaport Res Ptn cut shares of Netflix from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 30th. TD Cowen upped their price objective on shares of Netflix from $600.00 to $725.00 and gave the company a "buy" rating in a research note on Monday, April 8th. Finally, UBS Group upped their price objective on shares of Netflix from $570.00 to $685.00 and gave the company a "buy" rating in a research note on Tuesday, February 27th. One equities 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. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $629.82.

Netflix Stock Performance

The company has a market capitalization of $263.13 billion, a price-to-earnings ratio of 42.37, a price-to-earnings-growth ratio of 1.49 and a beta of 1.23. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. The stock's fifty day simple moving average is $603.80 and its 200-day simple moving average is $539.88.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm's quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.88 EPS. Analysts predict that Netflix, Inc. will post 18.3 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Spencer Adam Neumann sold 564 shares of the firm's stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $613.08, for a total value of $345,777.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Anne M. Sweeney sold 3,029 shares of the firm's stock in a transaction on 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 document filed with the SEC, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 564 shares of the firm's stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $613.08, for a total transaction of $345,777.12. The disclosure for this sale can be found here. Insiders have sold a total of 78,039 shares of company stock worth $46,401,083 in the last ninety days. 1.76% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Netflix

Hedge funds and other institutional investors have recently modified their holdings of the company. Columbia Trust Co 01012016 grew its position in shares of Netflix by 15.3% in the 4th quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network's stock valued at $762,000 after buying an additional 208 shares during the last quarter. Crumly & Associates Inc. grew its position in shares of Netflix by 4.1% in the 4th quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network's stock valued at $1,025,000 after buying an additional 83 shares during the last quarter. Venture Visionary Partners LLC grew its position in shares of Netflix by 15.4% in the 4th quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network's stock valued at $4,795,000 after buying an additional 1,318 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Netflix by 142.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network's stock valued at $252,085,000 after buying an additional 392,427 shares during the last quarter. Finally, Sandy Cove Advisors LLC grew its position in shares of Netflix by 10.6% in the 4th quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network's stock valued at $578,000 after buying an additional 114 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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.