Netflix (NASDAQ:NFLX) Stock Price Up 0.2% After Analyst Upgrade

Netflix, Inc. (NASDAQ:NFLX) rose 0.2% during trading on Tuesday after Oppenheimer raised their price target on the stock from $825.00 to $1,065.00. Oppenheimer currently has an outperform rating on the stock. Netflix traded as high as $928.45 and last traded at $922.88. Approximately 687,538 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 3,607,365 shares. The stock had previously closed at $921.08.

A number of other equities analysts have also recently weighed in on NFLX. KeyCorp lifted their price target on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. StockNews.com downgraded shares of Netflix from a “buy” rating to a “hold” rating in a report on Friday, December 13th. Macquarie reiterated an “outperform” rating and issued a $795.00 price target on shares of Netflix in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, UBS Group upped their target price on shares of Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $801.18.

Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the transaction, the chairman now directly owns 114 shares of the company’s stock, valued at $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 165,405 shares of company stock worth $129,623,487. 1.76% of the stock is owned by company insiders.

Institutional Investors Weigh In On Netflix

Several large investors have recently added to or reduced their stakes in NFLX. State Street Corp boosted its position in Netflix by 2.6% during the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after acquiring an additional 426,740 shares during the period. Geode Capital Management LLC boosted its stake in shares of Netflix by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock valued at $6,464,736,000 after purchasing an additional 123,029 shares during the last quarter. Jennison Associates LLC grew its position in shares of Netflix by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after purchasing an additional 316,594 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Netflix by 116,620.0% in the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Netflix by 0.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock valued at $3,473,571,000 after buying an additional 23,702 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Trading Down 0.2 %

The company has a market cap of $392.89 billion, a P/E ratio of 52.02, a P/E/G ratio of 1.80 and a beta of 1.27. The business’s 50-day moving average price is $822.35 and its 200 day moving average price is $724.17. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. As a group, analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current year.

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.