Netflix (NASDAQ:NFLX) Trading 0.5% Higher – What’s Next?

Netflix, Inc. (NASDAQ:NFLX)’s stock price shot up 0.5% during trading on Wednesday . The company traded as high as $773.00 and last traded at $767.94. 1,010,869 shares were traded during mid-day trading, a decline of 72% from the average session volume of 3,673,484 shares. The stock had previously closed at $763.91.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NFLX. Jefferies Financial Group lifted their price target on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. The Goldman Sachs Group set a $750.00 price target on shares of Netflix in a report on Friday, October 18th. Macquarie reissued an “outperform” rating and issued a $795.00 price target on shares of Netflix in a report on Friday, October 18th. Redburn Atlantic upped their price objective on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Canaccord Genuity Group boosted their price target on Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $748.15.

Netflix Stock Performance

The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average price of $717.59 and a 200 day moving average price of $667.98. The firm has a market cap of $333.51 billion, a PE ratio of 44.15, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25.

Insider Buying and Selling at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $772.10, for a total value of $334,319.30. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Netflix news, CEO Gregory K. Peters sold 4,644 shares of Netflix stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $3,250,800.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $9,163,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $772.10, for a total transaction of $334,319.30. The disclosure for this sale can be found here. Insiders have sold 242,545 shares of company stock worth $170,225,596 in the last ninety days. 1.76% of the stock is owned by insiders.

Institutional Investors Weigh In On Netflix

A number of hedge funds have recently bought and sold shares of the stock. Denver PWM LLC acquired a new stake in shares of Netflix during the 2nd quarter worth about $25,000. Proffitt & Goodson Inc. boosted its position in shares of Netflix by 380.0% in the 2nd 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 during the period. E Fund Management Hong Kong Co. Ltd. lifted its stake in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares during the last quarter. AlphaMark Advisors LLC boosted its holdings in shares of 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 acquiring an additional 45 shares during the period. Finally, Triad Wealth Partners LLC purchased a new position in shares of Netflix during the second quarter worth approximately $38,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

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.