Netflix (NASDAQ:NFLX) Shares Up 0.9% Following Analyst Upgrade

Shares of Netflix, Inc. (NASDAQ:NFLX - Get Free Report) traded up 0.9% on Friday after Robert W. Baird raised their price target on the stock from $1,200.00 to $1,300.00. Robert W. Baird currently has an outperform rating on the stock. Netflix traded as high as $1,196.50 and last traded at $1,188.43. 1,666,210 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 3,751,566 shares. The stock had previously closed at $1,177.98.

A number of other analysts have also recently weighed in on the company. Rosenblatt Securities upped their price target on Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research report on Monday, April 21st. BMO Capital Markets restated an "outperform" rating and issued a $1,200.00 price target (up from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Citigroup reiterated a "neutral" rating on shares of Netflix in a report on Monday, May 5th. Pivotal Research raised their price target on Netflix from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. raised their price objective on Netflix from $1,025.00 to $1,150.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Netflix has an average rating of "Moderate Buy" and an average price target of $1,093.39.

Insider Buying and Selling

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ann Mather sold 1,358 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total value of $1,561,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 132,868 shares of company stock valued at $138,483,256 over the last ninety days. Company insiders own 1.76% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fullcircle Wealth LLC lifted its holdings in shares of Netflix by 2.5% during the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock valued at $344,000 after purchasing an additional 9 shares in the last quarter. Capital Analysts LLC lifted its stake in shares of Netflix by 0.3% in the 1st quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network's stock valued at $2,443,000 after purchasing an additional 9 shares during the last quarter. Enterprise Financial Services Corp lifted its stake in shares of Netflix by 1.8% during the 1st quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network's stock worth $471,000 after acquiring an additional 9 shares during the last quarter. West Michigan Advisors LLC increased its holdings in 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 purchasing an additional 10 shares during the period. Finally, Warwick Investment Management Inc. increased its holdings in 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 during the period. 80.93% of the stock is owned by institutional investors.

Netflix Price Performance

The firm has a fifty day simple moving average of $1,003.42 and a 200 day simple moving average of $942.62. The company has a market capitalization of $506.02 billion, a PE ratio of 59.98, a P/E/G ratio of 2.12 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion for 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 period in the previous year, the business earned $8.28 EPS. Equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

About Netflix

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.

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