Netflix (NASDAQ:NFLX) Trading Up 1.2% - Still a Buy?

Shares of Netflix, Inc. (NASDAQ:NFLX - Get Free Report) were up 1.2% during trading on Friday . The stock traded as high as $1,322.88 and last traded at $1,321.73. Approximately 812,256 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 3,728,088 shares. The stock had previously closed at $1,306.67.

Analyst Ratings Changes

NFLX has been the topic of a number of recent analyst reports. Loop Capital reiterated a "hold" rating on shares of Netflix in a research note on Monday, March 24th. BMO Capital Markets reissued an "outperform" rating and set a $1,200.00 target price (up from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Pivotal Research raised their price target on Netflix from $1,350.00 to $1,600.00 and gave the company a "buy" rating in a report on Friday, June 20th. Barclays upped their price objective on Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $1,220.00 target price (up previously from $1,150.00) on shares of Netflix in a report on Monday, May 19th. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,172.73.

Netflix Stock Up 1.2%

The stock has a fifty day moving average price of $1,183.25 and a 200-day moving average price of $1,024.87. The firm has a market cap of $569.89 billion, a PE ratio of 63.29, a PEG ratio of 2.56 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same quarter in the prior year, the business earned $8.28 earnings per share. Research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $3,402,068.52. This represents a 41.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bradford L. Smith sold 3,919 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the transaction, the director owned 7,969 shares of the company's stock, valued at $8,959,227.94. This represents a 32.97% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 185,280 shares of company stock valued at $210,599,866. Corporate insiders own 1.37% of the company's stock.

Institutional Trading of Netflix

Large investors have recently modified their holdings of the company. Fullcircle Wealth LLC boosted its position in shares of Netflix by 2.5% during the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock worth $344,000 after buying an additional 9 shares during the period. Capital Analysts LLC grew its stake in shares of Netflix by 0.3% in the first quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network's stock worth $2,443,000 after purchasing an additional 9 shares in the last quarter. Enterprise Financial Services Corp grew its stake in shares of Netflix by 1.8% in the first quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network's stock worth $471,000 after purchasing an additional 9 shares in the last quarter. Warwick Investment Management Inc. increased its holdings in shares of Netflix by 3.5% during the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after purchasing an additional 10 shares during the period. Finally, MRP Capital Investments LLC raised its stake in shares of Netflix by 1.0% during the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after purchasing an additional 10 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

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.