Netflix (NASDAQ:NFLX) Trading 0.6% Higher

Netflix, Inc. (NASDAQ:NFLX)’s stock price rose 0.6% during mid-day trading on Tuesday . The stock traded as high as $712.12 and last traded at $709.70. Approximately 634,657 shares changed hands during trading, a decline of 83% from the average daily volume of 3,718,607 shares. The stock had previously closed at $705.37.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NFLX shares. JPMorgan Chase & Co. raised their price objective on Netflix from $650.00 to $750.00 and gave the stock an “overweight” rating in a research note on Friday, July 12th. Pivotal Research increased their price objective on shares of Netflix from $800.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Guggenheim upped their target price on shares of Netflix from $700.00 to $735.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. China Renaissance started coverage on Netflix in a research report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price objective on the stock. Finally, Macquarie reiterated an “outperform” rating and set a $685.00 target price on shares of Netflix in a research report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $685.29.

Netflix Price Performance

The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $309.33 billion, a price-to-earnings ratio of 49.25, a PEG ratio of 1.40 and a beta of 1.26. The stock’s 50-day simple moving average is $663.97 and its two-hundred day simple moving average is $641.83.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.14. The business had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.29 earnings per share. Equities research analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current year.

Insider Activity at Netflix

In related news, Director Leslie J. Kilgore sold 428 shares of Netflix stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $715.00, for a total transaction of $306,020.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Netflix news, Chairman Reed Hastings sold 22,526 shares of Netflix stock in a transaction on Monday, July 1st. The stock was sold at an average price of $670.49, for a total value of $15,103,457.74. Following the sale, the chairman now owns 57 shares in the company, valued at $38,217.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leslie J. Kilgore sold 428 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $715.00, for a total value of $306,020.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 197,226 shares of company stock valued at $129,858,692. Corporate insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Denver PWM LLC purchased a new stake in shares of Netflix in the 2nd quarter valued at approximately $25,000. Valued Wealth Advisors LLC boosted its position in shares of Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 20 shares in the last quarter. VitalStone Financial LLC lifted its stake in Netflix by 933.3% during the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 56 shares during the last quarter. Beaird Harris Wealth Management LLC increased its stake in Netflix by 1,550.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 62 shares during the last quarter. Finally, Scarborough Advisors LLC purchased a new stake in Netflix in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

About Netflix

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.