Netflix (NASDAQ:NFLX) Sets New 52-Week High - What's Next?

Netflix, Inc. (NASDAQ:NFLX - Get Free Report)'s share price hit a new 52-week high on Monday . The stock traded as high as $1,335.30 and last traded at $1,333.58, with a volume of 470139 shares changing hands. The stock had previously closed at $1,323.12.

Analyst Ratings Changes

A number of research firms have commented on NFLX. Macquarie increased their target price on Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $1,220.00 target price (up previously from $1,150.00) on shares of Netflix in a research note on Monday, May 19th. Jefferies Financial Group upped their price objective on Netflix from $1,200.00 to $1,400.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Phillip Securities raised Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Finally, Guggenheim reissued a "buy" rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,172.73.

Netflix Price Performance

The business's fifty day moving average price is $1,183.25 and its 200-day moving average price is $1,024.87. The company has a market capitalization of $569.89 billion, a P/E ratio of 63.29, a P/E/G ratio of 2.56 and a beta of 1.59. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the previous year, the company posted $8.28 EPS. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, Director Ann Mather sold 1,090 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total value of $1,362,500.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jay C. Hoag sold 31,750 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the transaction, the director owned 63,040 shares of the company's stock, valued at approximately $78,948,144. This trade represents a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,280 shares of company stock worth $210,599,866. Insiders own 1.37% of the company's stock.

Institutional Investors Weigh In On Netflix

Several institutional investors and hedge funds have recently modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC grew its stake in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after buying an additional 13 shares in the last quarter. Brown Shipley& Co Ltd purchased a new position in Netflix in the fourth quarter worth about $27,000. Transce3nd LLC bought a new stake in Netflix during the fourth quarter worth approximately $32,000. Flaharty Asset Management LLC purchased a new stake in Netflix during the first quarter valued at approximately $37,000. Finally, Copia Wealth Management bought a new stake in shares of Netflix in the 4th quarter valued at approximately $37,000. 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.