Netflix, Inc. (NASDAQ:NFLX - Get Free Report)'s share price was up 1.4% on Tuesday . The company traded as high as $1,209.69 and last traded at $1,202.18. Approximately 773,070 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 3,745,888 shares. The stock had previously closed at $1,185.39.
Analyst Ratings Changes
A number of analysts have weighed in on NFLX shares. Piper Sandler set a $1,150.00 price target on shares of Netflix and gave the company an "overweight" rating in a report on Monday, April 21st. Robert W. Baird increased their price target on shares of Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Phillip Securities raised shares of Netflix from a "moderate sell" rating to a "hold" rating in a report on Monday, April 21st. Morgan Stanley raised their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, Citigroup reaffirmed a "neutral" rating and set a $1,250.00 price objective (up from $1,020.00) on shares of Netflix in a report on Thursday. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,122.33.
View Our Latest Research Report on Netflix
Netflix Stock Up 1.5%
The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market cap of $511.59 billion, a price-to-earnings ratio of 60.62, a PEG ratio of 2.12 and a beta of 1.58. The firm's 50-day simple moving average is $1,055.18 and its two-hundred day simple moving average is $971.66.
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 for the quarter, beating the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter last year, the company posted $8.28 EPS. On average, sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.
Insider Buying and Selling at Netflix
In other news, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total transaction of $469,526.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jay C. Hoag sold 32,515 shares of Netflix stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the sale, the director now owns 79,040 shares of the company's stock, valued at approximately $87,099,708.80. This represents a 29.15% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 133,348 shares of company stock worth $139,087,908. 1.37% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Netflix
Several institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted 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 worth $8,239,576,000 after acquiring an additional 8,827,662 shares during the last quarter. Norges Bank acquired a new stake in Netflix in the 4th quarter valued at $5,019,087,000. Nuveen LLC acquired a new stake in Netflix in the 1st quarter valued at $2,385,585,000. Proficio Capital Partners LLC grew its position in shares of Netflix by 123,836.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock valued at $1,716,662,000 after acquiring an additional 1,924,423 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Netflix by 57.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock valued at $3,164,134,000 after acquiring an additional 1,236,251 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.
Netflix Company Profile
(
Get Free Report)
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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