Netflix (NASDAQ:NFLX) Trading 0.7% Higher

Netflix, Inc. (NASDAQ:NFLX) shares shot up 0.7% during trading on Thursday . The stock traded as high as $694.22 and last traded at $685.96. 734,832 shares were traded during mid-day trading, a decline of 80% from the average session volume of 3,755,010 shares. The stock had previously closed at $681.47.

Analyst Upgrades and Downgrades

NFLX has been the subject of several research analyst reports. Macquarie reaffirmed an “outperform” rating and set a $685.00 target price on shares of Netflix in a research note on Tuesday, July 16th. Evercore ISI boosted their price objective on Netflix from $710.00 to $750.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 27th. The Goldman Sachs Group raised their target price on Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Bank of America boosted their price target on Netflix from $700.00 to $740.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Finally, TD Cowen raised their price objective on Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $685.29.

Netflix Stock Up 1.5 %

The company has a market capitalization of $299.16 billion, a PE ratio of 48.37, a PEG ratio of 1.40 and a beta of 1.26. 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 fifty day moving average of $660.00 and a 200 day moving average of $637.34.

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

Insider Transactions at Netflix

In related news, Director Jay C. Hoag sold 43,750 shares of Netflix stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $687.07, for a total value of $30,059,312.50. Following the completion of the transaction, the director now directly owns 95,040 shares in the company, valued at $65,299,132.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Jay C. Hoag sold 37,675 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $629.73, for a total value of $23,725,077.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jay C. Hoag sold 43,750 shares of Netflix stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the completion of the transaction, the director now owns 95,040 shares of the company’s stock, valued at approximately $65,299,132.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 196,798 shares of company stock valued at $129,552,672. 1.76% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Netflix

A number of hedge funds and other institutional investors have recently modified their holdings of NFLX. Denver PWM LLC acquired a new stake in Netflix in the second quarter valued at $25,000. Valued Wealth Advisors LLC lifted its stake in Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 20 shares during the last quarter. Proffitt & Goodson Inc. boosted its holdings in Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares in the last quarter. AlphaMark Advisors LLC increased its stake in Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after purchasing an additional 45 shares during the last quarter. Finally, Indiana Trust & Investment Management CO raised its holdings in Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 28 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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.