Netflix (NASDAQ:NFLX) Trading Up 0.9% on Analyst Upgrade

Shares of Netflix, Inc. (NASDAQ:NFLX - Get Free Report) were up 0.9% during trading 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. Approximately 1,666,210 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 3,751,566 shares. The stock had previously closed at $1,177.98.

A number of other equities research analysts have also commented on NFLX. Wells Fargo & Company increased their price target on Netflix from $1,210.00 to $1,222.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Moffett Nathanson restated a "buy" rating and set a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Piper Sandler set a $1,150.00 price target on Netflix and gave the company an "overweight" rating in a report on Monday, April 21st. BMO Capital Markets reiterated an "outperform" rating and set a $1,200.00 price target (up previously from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. Finally, FBN Securities began coverage on shares of Netflix in a research report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Netflix has a consensus rating of "Moderate Buy" and a consensus target price of $1,102.79.

Insider Buying and Selling

In other Netflix news, insider Cletus R. Willems sold 298 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total value of $339,124.00. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company's stock, valued at approximately $35,972,180. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 132,868 shares of company stock valued at $138,483,256 in the last 90 days. 1.76% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Integrity Alliance LLC. increased its position in shares of Netflix by 981.5% during the first quarter. Integrity Alliance LLC. now owns 2,866 shares of the Internet television network's stock worth $2,673,000 after acquiring an additional 2,601 shares in the last quarter. Glenview Trust co boosted its stake in Netflix by 5.3% in the 1st quarter. Glenview Trust co now owns 1,624 shares of the Internet television network's stock worth $1,514,000 after purchasing an additional 82 shares during the period. Ilmarinen Mutual Pension Insurance Co increased its holdings in Netflix by 5.2% during the 1st quarter. Ilmarinen Mutual Pension Insurance Co now owns 67,300 shares of the Internet television network's stock worth $62,759,000 after purchasing an additional 3,300 shares in the last quarter. SageView Advisory Group LLC raised its stake in shares of Netflix by 1.5% in the 1st quarter. SageView Advisory Group LLC now owns 3,730 shares of the Internet television network's stock valued at $3,479,000 after purchasing an additional 56 shares during the period. Finally, Advisory Alpha LLC raised its stake in shares of Netflix by 12.5% in the 1st quarter. Advisory Alpha LLC now owns 2,308 shares of the Internet television network's stock valued at $2,152,000 after purchasing an additional 257 shares during the period. Institutional investors own 80.93% of the company's stock.

Netflix Trading Down 0.5%

The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $504.82 billion, a P/E ratio of 59.81, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The business has a fifty day moving average price of $1,014.78 and a 200 day moving average price of $951.31.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period last year, the company earned $8.28 earnings per share. On average, analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.