Netflix (NASDAQ:NFLX) Shares Up 0.7%

Netflix, Inc. (NASDAQ:NFLX - Get Free Report)'s stock price was up 0.7% on Tuesday . The stock traded as high as $646.63 and last traded at $645.23. Approximately 863,415 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 4,272,630 shares. The stock had previously closed at $640.82.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of Netflix from $650.00 to $726.00 and gave the stock an "overweight" rating in a report on Friday, April 19th. Macquarie raised their target price on Netflix from $595.00 to $685.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 16th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $585.00 price target (down previously from $720.00) on shares of Netflix in a research note on Friday, April 19th. Loop Capital raised their price objective on Netflix from $585.00 to $700.00 and gave the stock a "buy" rating in a research report on Monday, March 18th. Finally, BMO Capital Markets restated an "outperform" rating and issued a $713.00 price objective (up from $638.00) on shares of Netflix in a report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $630.53.

Netflix Stock Performance

The firm has a 50 day moving average of $605.71 and a two-hundred day moving average of $546.17. 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 stock has a market cap of $280.41 billion, a PE ratio of 45.15, a PEG ratio of 1.50 and a beta of 1.23.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company's revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.88 EPS. Research analysts predict that Netflix, Inc. will post 18.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 5,821 shares of the business's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $3,492,600.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company's stock, valued at approximately $7,854,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Gregory K. Peters sold 5,821 shares of Netflix stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total value of $3,492,600.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company's stock, valued at approximately $7,854,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann Mather sold 3,673 shares of the company's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $2,203,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,039 shares of company stock valued at $46,401,083. 1.76% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Netflix

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Columbia Trust Co 01012016 lifted its holdings in shares of Netflix by 15.3% during the fourth quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network's stock worth $762,000 after purchasing an additional 208 shares during the period. Crumly & Associates Inc. boosted its holdings in shares of Netflix by 4.1% in the fourth quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network's stock valued at $1,025,000 after acquiring an additional 83 shares in the last quarter. Venture Visionary Partners LLC increased its stake in shares of Netflix by 15.4% during the fourth quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network's stock worth $4,795,000 after acquiring an additional 1,318 shares during the period. Assenagon Asset Management S.A. raised its holdings in Netflix by 142.6% during the third quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network's stock worth $252,085,000 after purchasing an additional 392,427 shares in the last quarter. Finally, Sandy Cove Advisors LLC lifted its position in Netflix by 10.6% in the fourth quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network's stock valued at $578,000 after purchasing an additional 114 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

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.