Netflix (NASDAQ:NFLX) Trading 1.3% Higher

Netflix, Inc. (NASDAQ:NFLX)’s stock price rose 1.3% during trading on Tuesday . The stock traded as high as $642.20 and last traded at $641.28. Approximately 555,112 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 3,889,195 shares. The stock had previously closed at $633.14.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NFLX shares. Argus raised their price target on Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. Morgan Stanley raised their price objective on shares of Netflix from $700.00 to $780.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Pivotal Research boosted their target price on shares of Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Guggenheim increased their price target on shares of Netflix from $700.00 to $735.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, TD Cowen boosted their price objective on shares of Netflix from $725.00 to $775.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus target price of $681.21.

Netflix Trading Up 1.4 %

The stock has a market cap of $289.20 billion, a price-to-earnings ratio of 45.92, a P/E/G ratio of 1.28 and a beta of 1.27. The business has a 50-day simple moving average of $653.52 and a two-hundred day simple moving average of $620.22. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping 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 company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.29 earnings per share. Equities analysts forecast that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 4,783 shares of Netflix stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $675.00, for a total value of $3,228,525.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,835,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Gregory K. Peters sold 4,783 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $675.00, for a total value of $3,228,525.00. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,835,750. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David A. Hyman sold 20,656 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The disclosure for this sale can be found here. Insiders have sold a total of 132,893 shares of company stock valued at $84,412,483 in the last ninety days. 1.76% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Netflix

A number of hedge funds have recently made changes to their positions in the stock. Malaga Cove Capital LLC grew its holdings in Netflix by 25.4% during the 4th quarter. Malaga Cove Capital LLC now owns 1,562 shares of the Internet television network’s stock worth $761,000 after acquiring an additional 316 shares during the period. Legacy Financial Advisors Inc. boosted its position in shares of Netflix by 8.1% during the 4th quarter. Legacy Financial Advisors Inc. now owns 3,793 shares of the Internet television network’s stock valued at $1,847,000 after purchasing an additional 284 shares in the last quarter. LGT Fund Management Co Ltd. grew its stake in Netflix by 5.5% during the fourth quarter. LGT Fund Management Co Ltd. now owns 5,766 shares of the Internet television network’s stock worth $2,828,000 after purchasing an additional 300 shares during the period. Lincoln National Corp increased its holdings in Netflix by 4.9% in the fourth quarter. Lincoln National Corp now owns 8,115 shares of the Internet television network’s stock worth $3,951,000 after purchasing an additional 379 shares in the last quarter. Finally, M&G Plc acquired a new position in Netflix in the first quarter valued at approximately $9,682,000. 80.93% of the stock is currently owned by institutional investors.

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.