Netflix (NASDAQ:NFLX) Stock Price Up 1.4% Following Analyst Upgrade

Netflix, Inc. (NASDAQ:NFLX - Get Free Report)'s stock price shot up 1.4% during mid-day trading on Monday after Wells Fargo & Company raised their price target on the stock from $1,222.00 to $1,500.00. Wells Fargo & Company currently has an overweight rating on the stock. Netflix traded as high as $1,248.20 and last traded at $1,249.22. 716,023 shares were traded during trading, a decline of 81% from the average session volume of 3,741,186 shares. The stock had previously closed at $1,231.41.

NFLX has been the subject of a number of other reports. Cfra Research raised shares of Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Rosenblatt Securities upped their target price on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Evercore ISI reissued an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. Guggenheim reissued a "buy" rating and issued a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Finally, Barclays increased their target price on shares of Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Monday, April 21st. Eleven investment 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. According to MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,172.73.

Insider Activity

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total transaction of $469,526.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total value of $2,397,393.72. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,402,068.52. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 185,140 shares of company stock valued at $210,271,552 over the last three months. Insiders own 1.37% of the company's stock.

Institutional Trading of Netflix

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Netflix by 1.4% during the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after purchasing an additional 509,255 shares during the period. FMR LLC raised its holdings in shares of Netflix by 1.8% in 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 purchasing an additional 375,234 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Netflix by 2.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock valued at $10,940,505,000 after buying an additional 304,399 shares during the last quarter. Geode Capital Management LLC raised its holdings in Netflix by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock worth $8,287,823,000 after acquiring an additional 175,596 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Netflix by 109,524.3% in 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 buying an additional 8,827,662 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Price Performance

The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The business has a fifty day moving average of $1,150.80 and a 200 day moving average of $1,012.19. The firm has a market cap of $531.57 billion, a P/E ratio of 59.04, a PEG ratio of 2.38 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly 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 23.07% and a return on equity of 39.61%. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the prior year, the firm posted $8.28 EPS. On average, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current 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.

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