Netflix (NASDAQ:NFLX) Stock Price Up 0.1% – Time to Buy?

Netflix, Inc. (NASDAQ:NFLX) shot up 0.1% during trading on Wednesday . The stock traded as high as $987.64 and last traded at $972.89. 1,107,784 shares were traded during mid-day trading, a decline of 75% from the average session volume of 4,498,255 shares. The stock had previously closed at $971.83.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NFLX shares. Wells Fargo & Company increased their price objective on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. TD Cowen raised their price target on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Bank of America raised their target price on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, StockNews.com lowered shares of Netflix from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Stock Performance

The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $417.82 billion, a PE ratio of 49.26, a PEG ratio of 2.03 and a beta of 1.27. The firm’s fifty day moving average price is $903.09 and its 200 day moving average price is $775.54.

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

Insider Transactions at Netflix

In other news, CEO Theodore A. Sarandos sold 1,278 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total transaction of $980,289.90. Following the transaction, the chief executive officer now owns 2,556 shares of the company’s stock, valued at approximately $1,960,579.80. This represents a 33.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Insiders have sold a total of 105,516 shares of company stock worth $92,377,637 in the last 90 days. 1.76% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Convergence Investment Partners LLC increased its stake in shares of Netflix by 68.1% in the fourth quarter. Convergence Investment Partners LLC now owns 2,429 shares of the Internet television network’s stock worth $2,165,000 after purchasing an additional 984 shares during the period. Atlas Legacy Advisors LLC acquired a new stake in Netflix in the 4th quarter valued at approximately $430,000. Klingman & Associates LLC increased its position in Netflix by 10.2% in the 4th quarter. Klingman & Associates LLC now owns 1,153 shares of the Internet television network’s stock worth $1,028,000 after buying an additional 107 shares during the period. Callahan Advisors LLC acquired a new position in shares of Netflix during the fourth quarter worth approximately $265,000. Finally, Davidson Investment Advisors boosted its position in shares of Netflix by 1.6% in the fourth quarter. Davidson Investment Advisors now owns 38,635 shares of the Internet television network’s stock valued at $34,436,000 after acquiring an additional 615 shares during the period. Institutional investors 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.