Netflix (NASDAQ:NFLX) Trading Up 0.9% – Here’s Why

Netflix, Inc. (NASDAQ:NFLX)’s stock price traded up 0.9% during mid-day trading on Friday . The company traded as high as $762.72 and last traded at $762.72. 582,711 shares were traded during mid-day trading, a decline of 84% from the average session volume of 3,689,959 shares. The stock had previously closed at $756.03.

Wall Street Analyst Weigh In

A number of research firms recently commented on NFLX. Rosenblatt Securities increased their price target on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Barclays restated an “underweight” rating and issued a $550.00 target price on shares of Netflix in a research note on Friday, October 18th. Wells Fargo & Company upped their target price on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. BMO Capital Markets reaffirmed an “outperform” rating and set a $825.00 price target (up previously from $770.00) on shares of Netflix in a research note on Friday, October 18th. Finally, Bank of America raised their price objective on shares of Netflix from $740.00 to $800.00 and gave the company a “buy” 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $748.15.

Netflix Stock Up 0.1 %

The firm’s 50 day moving average price is $711.57 and its two-hundred day moving average price is $662.98. 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 company has a market capitalization of $323.59 billion, a P/E ratio of 43.16, a PEG ratio of 1.45 and a beta of 1.26.

Insider Activity at Netflix

In other news, Director Leslie J. Kilgore sold 358 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of the transaction, the director now directly owns 35,262 shares in the company, valued at $26,975,430. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $765.00, for a total transaction of $273,870.00. Following the sale, the director now owns 35,262 shares in the company, valued at approximately $26,975,430. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 209,810 shares of company stock valued at $142,049,542. Corporate insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

A number of large investors have recently added to or reduced their stakes in NFLX. International Assets Investment Management LLC boosted its position in Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after purchasing an additional 5,748,200 shares during the period. GQG Partners LLC bought a new stake in shares of Netflix during the 1st quarter worth about $1,450,476,000. Jennison Associates LLC grew its stake in Netflix by 17.0% in the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after buying an additional 929,193 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Netflix by 154.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after acquiring an additional 642,920 shares during the period. Finally, Jericho Capital Asset Management L.P. acquired a new stake in Netflix during the first quarter worth approximately $372,293,000. 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.