Netflix (NASDAQ:NFLX) Shares Up 0.2% – Time to Buy?

Netflix, Inc. (NASDAQ:NFLX)’s stock price traded up 0.2% during trading on Thursday . The stock traded as high as $1,013.48 and last traded at $1,013.20. 1,048,737 shares were traded during mid-day trading, a decline of 76% from the average session volume of 4,374,702 shares. The stock had previously closed at $1,011.11.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NFLX. Guggenheim increased their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Morgan Stanley increased their price target on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Wolfe Research upgraded Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective for the company in a report on Thursday, January 23rd. UBS Group increased their target price on Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Loop Capital boosted their price target on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Trading Down 0.2 %

The company has a market capitalization of $433.72 billion, a price-to-earnings ratio of 51.13, a P/E/G ratio of 2.11 and a beta of 1.27. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average price is $917.36 and its two-hundred day moving average price is $790.17.

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, beating analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the business posted $2.11 earnings per share. On average, equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Hyman sold 41,121 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $30,946,506.10. The trade was a 56.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 299,517 shares of company stock worth $285,805,037 in the last 90 days. Insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

Institutional investors and hedge funds have recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix in the 3rd quarter worth approximately $25,000. Pathway Financial Advisers LLC raised its stake in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after buying an additional 14 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in Netflix by 700.0% during 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 acquiring an additional 42 shares during the last quarter. Newton One Investments LLC acquired a new stake in Netflix during the 4th quarter worth about $34,000. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Netflix in the 3rd quarter worth about $37,000. 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.