Netflix (NASDAQ:NFLX) Trading Up 0%

Netflix, Inc. (NASDAQ:NFLX) shares were up 0% on Friday . The company traded as high as $685.50 and last traded at $679.35. Approximately 1,258,454 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 4,000,831 shares. The stock had previously closed at $679.03.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Piper Sandler lifted their price target on shares of Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Pivotal Research lifted their price target on shares of Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Sanford C. Bernstein lifted their price target on shares of Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a research note on Friday, April 19th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Netflix from $610.00 to $650.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $633.53.

Netflix Trading Up 1.0 %

The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $295.72 billion, a price-to-earnings ratio of 47.61, a PEG ratio of 1.47 and a beta of 1.26. The business’s 50-day simple moving average is $621.45 and its 200-day simple moving average is $576.62.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.88 earnings per share. Research analysts predict that Netflix, Inc. will post 18.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman Reed Hastings sold 18,361 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total value of $10,126,825.94. Following the completion of the transaction, the chairman now owns 28 shares of the company’s stock, valued at $15,443.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Chairman Reed Hastings sold 18,361 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total value of $10,126,825.94. Following the completion of the transaction, the chairman now owns 28 shares of the company’s stock, valued at $15,443.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Gregory K. Peters sold 4,783 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,835,750. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,425 shares of company stock worth $41,919,791. Insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

A number of institutional investors have recently bought and sold shares of the stock. Chelsea Counsel Co. purchased a new stake in Netflix in the first quarter valued at approximately $61,000. American Trust purchased a new stake in Netflix in the first quarter valued at approximately $288,000. OMC Financial Services LTD purchased a new stake in Netflix in the first quarter valued at approximately $1,065,000. EverSource Wealth Advisors LLC grew its holdings in Netflix by 8.8% in the first quarter. EverSource Wealth Advisors LLC now owns 4,277 shares of the Internet television network’s stock valued at $2,598,000 after purchasing an additional 345 shares during the period. Finally, Westwood Holdings Group Inc. grew its stake in Netflix by 24.8% during the first quarter. Westwood Holdings Group Inc. now owns 3,570 shares of the Internet television network’s stock worth $2,168,000 after buying an additional 710 shares during the period. 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.