Netflix (NASDAQ:NFLX) Trading 0.4% Higher – What’s Next?

Netflix, Inc. (NASDAQ:NFLX)’s share price rose 0.4% on Wednesday . The company traded as high as $985.60 and last traded at $976.64. Approximately 900,381 shares were traded during trading, a decline of 73% from the average daily volume of 3,300,605 shares. The stock had previously closed at $972.58.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NFLX. Pivotal Research lifted their target price on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Evercore ISI lifted their price objective on Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Phillip Securities lowered shares of Netflix from a “hold” rating to a “moderate sell” rating in a research note on Friday, January 24th. Canaccord Genuity Group upgraded shares of Netflix from a “hold” rating to a “buy” rating and lifted their price target for the stock from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Finally, Morgan Stanley increased their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Trading Up 1.9 %

The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The business’s 50 day moving average price is $949.77 and its 200-day moving average price is $837.58. The firm has a market capitalization of $423.80 billion, a price-to-earnings ratio of 49.97, a price-to-earnings-growth ratio of 2.12 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data 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 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 firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.11 EPS. Equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at approximately $13,338,500. This trade represents a 27.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 30,485 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $981.92, for a total value of $29,933,831.20. Following the sale, the chairman now directly owns 394 shares in the company, valued at $386,876.48. This trade represents a 98.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 288,103 shares of company stock valued at $279,142,041. 1.76% of the stock is owned by company insiders.

Hedge Funds Weigh In On Netflix

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Swedbank AB grew its stake in Netflix by 1.8% in the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after acquiring an additional 8,024 shares during the last quarter. Moloney Securities Asset Management LLC acquired a new stake in shares of Netflix in the third quarter valued at approximately $777,000. United Advisor Group LLC grew its position in shares of Netflix by 23.0% in the third quarter. United Advisor Group LLC now owns 839 shares of the Internet television network’s stock valued at $595,000 after purchasing an additional 157 shares during the last quarter. Geneva Partners LLC purchased a new position in Netflix during the third quarter worth $3,704,000. Finally, Pittenger & Anderson Inc. raised its holdings in shares of Netflix by 30.5% in the third quarter. Pittenger & Anderson Inc. now owns 2,314 shares of the Internet television network’s stock worth $1,641,000 after acquiring an additional 541 shares during the last quarter. 80.93% of the stock is 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.