Netflix (NASDAQ:NFLX) Trading 1.2% Higher

Netflix, Inc. (NASDAQ:NFLX)’s stock price was up 1.2% during trading on Monday . The stock traded as high as $683.50 and last traded at $674.00. Approximately 634,204 shares changed hands during trading, a decline of 83% from the average daily volume of 3,778,191 shares. The stock had previously closed at $665.77.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research reports. Evercore ISI lifted their price objective on Netflix from $710.00 to $750.00 and gave the company an “outperform” rating in a research note on Tuesday, August 27th. The Goldman Sachs Group lifted their target price on shares of Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Bank of America increased their target price on Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Redburn Atlantic upped their price target on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Loop Capital lifted their price objective on shares of Netflix from $700.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $685.29.

Netflix Stock Performance

The company has a 50 day moving average price of $659.89 and a 200-day moving average price of $634.66. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The company has a market cap of $289.76 billion, a P/E ratio of 46.77, a PEG ratio of 1.36 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating the consensus estimate of $4.74 by $0.14. The firm had revenue of $9.56 billion for 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%. Netflix’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the company earned $3.29 EPS. Equities analysts expect that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 4,783 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,835,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory K. Peters sold 4,783 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,835,750. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 157,831 shares of company stock worth $102,721,884. 1.76% of the stock is owned by company insiders.

Institutional Investors Weigh In On Netflix

Hedge funds have recently made changes to their positions in the company. M&G Plc acquired a new position in Netflix in the 1st quarter valued at approximately $9,682,000. BSN CAPITAL PARTNERS Ltd raised its holdings in shares of Netflix by 24.4% during the first quarter. BSN CAPITAL PARTNERS Ltd now owns 250,000 shares of the Internet television network’s stock worth $155,185,000 after acquiring an additional 49,000 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in Netflix during the fourth quarter valued at $9,513,000. Bedel Financial Consulting Inc. purchased a new position in Netflix in the fourth quarter valued at about $224,000. Finally, Scotia Capital Inc. increased its position in Netflix by 9.1% in the 4th quarter. Scotia Capital Inc. now owns 25,351 shares of the Internet television network’s stock worth $12,343,000 after purchasing an additional 2,110 shares during the last quarter. Hedge funds and other institutional investors 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.