Netflix, Inc. (NASDAQ:NFLX - Get Free Report) shares were up 1.3% during trading on Wednesday . The company traded as high as $1,221.13 and last traded at $1,219.74. Approximately 759,636 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 3,750,211 shares. The stock had previously closed at $1,203.62.
Analyst Ratings Changes
Several research firms recently weighed in on NFLX. Morgan Stanley raised their price objective on Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Cfra Research raised Netflix to a "strong-buy" rating in a research note on Monday, April 28th. UBS Group increased their price target on Netflix from $1,150.00 to $1,450.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Evercore ISI reissued an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. Finally, KeyCorp upped their price target on Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and a consensus target price of $1,156.73.
Read Our Latest Stock Analysis on Netflix
Netflix Stock Performance
The firm's 50 day simple moving average is $1,106.59 and its 200 day simple moving average is $994.50. The firm has a market cap of $517.08 billion, a PE ratio of 61.27, a PEG ratio of 2.12 and a beta of 1.59. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.
Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The company 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 earnings per share. On average, research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.
Insider Activity
In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total value of $469,526.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann Mather sold 1,358 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 185,140 shares of company stock worth $210,271,552. 1.37% of the stock is currently owned by corporate insiders.
Institutional Trading of Netflix
Several large investors have recently added to or reduced their stakes in NFLX. GAMMA Investing LLC boosted its position in 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 worth $8,239,576,000 after purchasing an additional 8,827,662 shares in the last quarter. Norges Bank purchased a new position in Netflix in the fourth quarter valued at $5,019,087,000. Nuveen LLC acquired a new position in shares of Netflix in the first quarter worth about $2,385,585,000. Proficio Capital Partners LLC raised its position in shares of Netflix by 123,836.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock worth $1,716,662,000 after acquiring an additional 1,924,423 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Netflix by 57.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock worth $3,164,134,000 after acquiring an additional 1,236,251 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.
About Netflix
(
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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