Netflix (NASDAQ:NFLX) Trading Up 1.3%

Shares of Netflix, Inc. (NASDAQ:NFLX) were up 1.3% during trading on Tuesday . The stock traded as high as $711.33 and last traded at $697.46. Approximately 2,212,396 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 3,880,767 shares. The stock had previously closed at $688.53.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NFLX shares. Bank of America raised their target price on Netflix from $700.00 to $740.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Evercore ISI raised their target price on Netflix from $700.00 to $710.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Jefferies Financial Group raised their target price on Netflix from $655.00 to $780.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Argus raised their target price on Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. increased 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. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $681.21.

Netflix Trading Up 1.5 %

The company has a market cap of $301.07 billion, a P/E ratio of 48.40, a PEG ratio of 1.28 and a beta of 1.27. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The business has a 50 day moving average price of $655.35 and a 200-day moving average price of $622.86.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. During the same quarter in the prior year, the business posted $3.29 EPS. The business’s revenue was up 16.8% compared to the same quarter last year. Analysts forecast that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In other news, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total transaction of $271,140.27. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Reed Hastings sold 19,943 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $633.58, for a total value of $12,635,485.94. Following the completion of the sale, the chairman now owns 57 shares in the company, valued at approximately $36,114.06. The disclosure for this sale can be found here. Insiders have sold a total of 132,893 shares of company stock worth $84,412,483 in the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

A number of large investors have recently added to or reduced their stakes in the business. Denver PWM LLC acquired a new stake in shares of Netflix during the 2nd quarter worth $25,000. Valued Wealth Advisors LLC raised its position in Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares during the last quarter. VitalStone Financial LLC raised its position in Netflix by 933.3% in the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 56 shares during the last quarter. Beaird Harris Wealth Management LLC raised its position 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 bought a new position in Netflix in the fourth quarter valued at about $32,000. Institutional investors 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.