Netflix (NASDAQ:NFLX) Trading Up 0.8% - Still a Buy?

Netflix, Inc. (NASDAQ:NFLX - Get Free Report)'s stock price was up 0.8% during trading on Tuesday . The stock traded as high as $1,147.66 and last traded at $1,142.86. Approximately 1,261,419 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 3,720,255 shares. The stock had previously closed at $1,134.06.

Analyst Ratings Changes

NFLX has been the subject of a number of research analyst reports. Benchmark restated a "hold" rating on shares of Netflix in a report on Monday, April 21st. Bank of America raised their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. KeyCorp increased their price target on Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Piper Sandler set a $1,150.00 price objective on shares of Netflix and gave the stock an "overweight" rating in a research note on Monday, April 21st. Finally, Macquarie raised their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,084.91.

Netflix Trading Down 0.5 %

The company has a 50-day simple moving average of $978.21 and a 200-day simple moving average of $926.63. The stock has a market cap of $489.49 billion, a P/E ratio of 58.00, 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 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 during the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the previous year, the firm posted $8.28 earnings per share. On average, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Transactions at Netflix

In other Netflix news, CEO Gregory K. Peters sold 2,027 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $1,141.51, for a total transaction of $2,313,840.77. Following the completion of the sale, the chief executive officer now directly owns 12,781 shares of the company's stock, valued at approximately $14,589,639.31. The trade was a 13.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jay C. Hoag sold 32,515 shares of the firm's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the completion of the transaction, the director now directly owns 79,040 shares in the company, valued at $87,099,708.80. This trade represents a 29.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 132,530 shares of company stock worth $137,602,751 over the last 90 days. 1.76% of the stock is owned by insiders.

Institutional Investors Weigh In On Netflix

A number of institutional investors have recently made changes to their positions in the stock. Fullcircle Wealth LLC grew its stake in Netflix by 2.5% in the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock worth $344,000 after purchasing an additional 9 shares during the period. West Michigan Advisors LLC boosted 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 valued at $692,000 after buying an additional 10 shares in the last quarter. Warwick Investment Management Inc. increased its stake in shares of Netflix by 3.5% in the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after acquiring an additional 10 shares in the last quarter. MRP Capital Investments LLC boosted its stake in Netflix by 1.0% during the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after acquiring an additional 10 shares in the last quarter. Finally, Bedell Frazier Investment Counselling LLC grew its holdings in Netflix by 2.2% in the fourth 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 during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

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.