Netflix (NASDAQ:NFLX) Trading Up 0.5% – Here’s Why

Netflix, Inc. (NASDAQ:NFLX) was up 0.5% during mid-day trading on Friday . The stock traded as high as $962.24 and last traded at $955.92. Approximately 2,964,839 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 3,457,218 shares. The stock had previously closed at $950.84.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NFLX shares. Arete Research raised shares of Netflix to a “hold” rating in a research note on Thursday, January 23rd. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and raised their price objective for the stock from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. StockNews.com downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Barclays raised shares of Netflix from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Finally, Needham & Company LLC raised their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,016.78.

Netflix Stock Up 0.8 %

The stock has a market capitalization of $410.09 billion, a PE ratio of 48.39, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The business’s fifty day moving average price is $956.63 and its two-hundred day moving average price is $854.74.

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

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 4,939 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at $13,338,500. The trade was a 27.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the transaction, the chief financial officer now owns 3,691 shares of the company’s stock, valued at $3,624,746.55. This represents a 41.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 288,103 shares of company stock worth $279,142,041 over the last three months. Company insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Nordea Investment Management AB raised its position in shares of Netflix by 22.7% in the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock worth $760,918,000 after acquiring an additional 156,958 shares during the period. First National Trust Co raised its position in shares of Netflix by 1.0% during the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock worth $1,121,000 after purchasing an additional 12 shares during the last quarter. Haven Private LLC acquired a new position in shares of Netflix during the 4th quarter worth about $733,000. Charles Schwab Investment Management Inc. raised its position in shares of Netflix by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock worth $1,829,494,000 after purchasing an additional 29,726 shares during the last quarter. Finally, Sigma Planning Corp raised its position in shares of Netflix by 7.4% during the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock worth $4,966,000 after purchasing an additional 386 shares during the last quarter. Institutional investors and hedge funds 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.