Netflix (NASDAQ:NFLX) Sets New 12-Month High - Still a Buy?

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $1,114.00 and last traded at $1,110.38, with a volume of 3826879 shares changing hands. The stock had previously closed at $1,101.53.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NFLX. UBS Group dropped their target price on Netflix from $1,150.00 to $1,140.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Robert W. Baird lifted their price target on shares of Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Moffett Nathanson reiterated a "buy" rating and set a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. StockNews.com cut Netflix from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $1,126.00 price objective on shares of Netflix in a research report on Thursday, April 17th. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,072.12.

Netflix Trading Up 0.5 %

The stock has a 50 day moving average of $959.28 and a 200 day moving average of $910.31. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $481.63 billion, a P/E ratio of 57.07, a PEG ratio of 2.12 and a beta of 1.55.

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, topping analysts' consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter in the previous year, the company posted $8.28 EPS. As a group, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In related news, Director Strive Masiyiwa sold 2,813 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David A. Hyman sold 41,121 shares of the business's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $30,946,506.10. The trade was a 56.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 274,495 shares of company stock worth $268,176,922 over the last three months. Company insiders own 1.76% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NFLX. Vanguard Group Inc. increased its holdings in shares of Netflix by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock worth $33,413,809,000 after purchasing an additional 171,712 shares in the last quarter. FMR LLC boosted its position in shares of Netflix by 1.8% during the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock valued at $18,617,081,000 after buying an additional 375,234 shares during the last quarter. Geode Capital Management LLC increased its holdings in Netflix by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock worth $8,287,823,000 after buying an additional 175,596 shares in the last quarter. GAMMA Investing LLC lifted its stake in Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after acquiring an additional 8,827,662 shares during the period. Finally, Norges Bank bought a new stake in shares of Netflix in the fourth quarter worth approximately $5,019,087,000. 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.