Netflix (NASDAQ:NFLX) Trading 1.6% Higher - Time to Buy?

Shares of Netflix, Inc. (NASDAQ:NFLX - Get Free Report) traded up 1.6% during trading on Wednesday . The company traded as high as $1,209.00 and last traded at $1,210.93. 1,033,679 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 3,744,032 shares. The stock had previously closed at $1,192.02.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Arete Research raised Netflix to a "hold" rating in a research note on Thursday, January 23rd. FBN Securities initiated coverage on Netflix in a research report on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 price objective for the company. Pivotal Research raised their price objective on Netflix from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Rosenblatt Securities raised their price objective on Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Finally, Guggenheim reissued a "buy" rating and set a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $1,102.79.

Netflix Stock Up 0.6%

The company has a fifty day moving average price of $1,020.82 and a 200-day moving average price of $952.98. The firm has a market capitalization of $510.53 billion, a PE ratio of 60.65, a PEG 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 released its quarterly earnings results 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 company had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter in the prior year, the firm posted $8.28 EPS. As a group, analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In related news, Director Ann Mather sold 1,358 shares of Netflix stock in a transaction that occurred on 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $982.05, for a total value of $2,554,312.05. Following the transaction, the chief financial officer now owns 3,691 shares of the company's stock, valued at approximately $3,624,746.55. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 132,868 shares of company stock worth $138,483,256. 1.76% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC grew its holdings in Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares during the period. Pathway Financial Advisers LLC boosted its stake in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after buying an additional 14 shares during the last quarter. Brown Shipley& Co Ltd acquired a new position in Netflix during the fourth quarter worth $27,000. Transce3nd LLC acquired a new position in Netflix during the fourth quarter worth $32,000. Finally, Newton One Investments LLC purchased a new stake in Netflix in the fourth quarter valued at $34,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

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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