Netflix (NASDAQ:NFLX) Shares Up 5.3% – Should You Buy?

Netflix, Inc. (NASDAQ:NFLX) shares rose 5.3% during trading on Tuesday . The company traded as high as $991.48 and last traded at $980.84. Approximately 3,533,293 shares traded hands during trading, a decline of 4% from the average daily volume of 3,692,055 shares. The stock had previously closed at $931.28.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on Netflix from $1,150.00 to $1,025.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Guggenheim restated a “buy” rating and set a $1,100.00 target price on shares of Netflix in a research report on Thursday, April 3rd. Loop Capital reiterated a “hold” rating on shares of Netflix in a research report on Monday, March 24th. BMO Capital Markets restated an “outperform” rating and set a $1,175.00 price objective (up from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Finally, Moffett Nathanson raised Netflix from a “neutral” rating to a “buy” rating and upped their target price for the company from $850.00 to $1,100.00 in a research note on Monday, March 17th. Ten research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus target price of $1,021.31.

Netflix Trading Up 5.5 %

The business’s 50 day moving average price is $958.50 and its two-hundred day moving average price is $887.03. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $420.40 billion, a price-to-earnings ratio of 49.56, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55.

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

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 25,360 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the sale, the chairman now owns 394 shares in the company, valued at approximately $362,933.10. The trade was a 98.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Strive Masiyiwa sold 2,813 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The disclosure for this sale can be found here. Insiders have sold 274,312 shares of company stock worth $267,919,297 in the last three months. 1.76% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Netflix

Institutional investors have recently made changes to their positions in the company. Nordea Investment Management AB lifted its position in Netflix by 22.7% in the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock worth $760,918,000 after purchasing an additional 156,958 shares during the period. First National Trust Co increased its position in shares of Netflix by 1.0% during the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock worth $1,121,000 after purchasing an additional 12 shares in the last quarter. Haven Private LLC bought a new position in Netflix during the 4th quarter valued at about $733,000. Sigma Planning Corp boosted its position in Netflix by 7.4% in the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock valued at $4,966,000 after buying an additional 386 shares in the last quarter. Finally, M&T Bank Corp grew its stake in Netflix by 4.2% during the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after buying an additional 1,684 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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.