Netflix (NASDAQ:NFLX) Sets New 12-Month High - Time to Buy?

Netflix, Inc. (NASDAQ:NFLX - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $1,064.97 and last traded at $1,040.34, with a volume of 9319076 shares traded. The stock had previously closed at $987.91.

Analysts Set New Price Targets

A number of research firms recently commented on NFLX. FBN Securities began coverage on Netflix in a research note on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price target for the company. Moffett Nathanson reiterated a "buy" rating and issued a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. StockNews.com downgraded Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Morgan Stanley lifted their target price on Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Finally, Arete Research upgraded Netflix to a "hold" rating in a research note on Thursday, January 23rd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Netflix currently has an average rating of "Moderate Buy" and a consensus price target of $1,072.12.

Netflix Trading Up 0.4 %

The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $468.78 billion, a P/E ratio of 55.55, a PEG ratio of 2.12 and a beta of 1.55. The company has a 50 day moving average of $955.92 and a 200 day moving average of $906.10.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same period in the prior year, the company earned $8.28 EPS. Analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 41,121 shares of the firm's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company's stock, valued at approximately $30,946,506.10. This trade represents a 56.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann Mather sold 2,682 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. Insiders sold a total of 273,855 shares of company stock valued at $267,474,816 in the last ninety days. Company insiders own 1.76% of the company's stock.

Hedge Funds Weigh In On Netflix

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. West Michigan Advisors LLC lifted its holdings in shares of Netflix by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after acquiring an additional 10 shares during the period. Warwick Investment Management Inc. increased its position in shares of Netflix by 3.5% during the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after purchasing an additional 10 shares in the last quarter. MRP Capital Investments LLC increased its position in shares of Netflix by 1.0% during the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after purchasing an additional 10 shares in the last quarter. Bedell Frazier Investment Counselling LLC increased its position in shares of Netflix by 2.2% during the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock worth $412,000 after purchasing an additional 10 shares in the last quarter. Finally, Mission Creek Capital Partners Inc. increased its position in shares of Netflix by 0.3% during the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock worth $3,410,000 after purchasing an additional 10 shares in the last quarter. 80.93% of the stock is 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.