Netflix (NASDAQ:NFLX) Stock Price Up 0.6% – Here’s What Happened

Netflix, Inc. (NASDAQ:NFLX) shares shot up 0.6% on Friday . The company traded as high as $1,048.44 and last traded at $1,049.65. 727,521 shares were traded during trading, a decline of 82% from the average session volume of 4,149,293 shares. The stock had previously closed at $1,043.69.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NFLX. Wolfe Research upgraded shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target on the stock in a research report on Thursday, January 23rd. UBS Group boosted their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. Evercore ISI boosted their target price on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Finally, Wedbush reiterated an “outperform” rating and issued a $1,150.00 target price (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Price Performance

The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company’s fifty day simple moving average is $929.40 and its two-hundred day simple moving average is $804.02. The stock has a market capitalization of $452.83 billion, a PE ratio of 53.38, a P/E/G ratio of 2.11 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the firm posted $2.11 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,939 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the sale, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at $13,338,500. This trade represents a 27.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jeffrey William Karbowski sold 480 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. In the last three months, insiders sold 303,809 shares of company stock worth $290,374,484. 1.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AMF Tjanstepension AB increased its stake in shares of Netflix by 7.4% in the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock worth $48,557,000 after buying an additional 4,701 shares during the last quarter. Creative Planning increased its stake in shares of Netflix by 10.8% in the third quarter. Creative Planning now owns 110,551 shares of the Internet television network’s stock worth $78,410,000 after buying an additional 10,782 shares during the last quarter. Swedbank AB increased its stake in shares of Netflix by 1.8% in the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after buying an additional 8,024 shares during the last quarter. Secure Asset Management LLC increased its stake in shares of Netflix by 12.4% in the third quarter. Secure Asset Management LLC now owns 1,003 shares of the Internet television network’s stock worth $711,000 after buying an additional 111 shares during the last quarter. Finally, Trust Co. of Vermont increased its stake in shares of Netflix by 5.7% in the third quarter. Trust Co. of Vermont now owns 556 shares of the Internet television network’s stock worth $394,000 after buying an additional 30 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

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.