Netflix (NASDAQ:NFLX) Stock Price Up 0% – Should You Buy?

Shares of Netflix, Inc. (NASDAQ:NFLX) traded up 0% on Thursday . The company traded as high as $967.00 and last traded at $959.72. 1,525,361 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 3,444,277 shares. The stock had previously closed at $959.49.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NFLX. Oppenheimer upped their target price on Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Wedbush restated an “outperform” rating and issued a $1,150.00 price objective (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Arete Research raised shares of Netflix to a “hold” rating in a research note on Thursday, January 23rd. Argus increased their price target on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and lifted their price objective for the company from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $1,016.78.

Netflix Stock Performance

The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The business has a 50 day moving average of $955.11 and a 200 day moving average of $854.07. The company has a market capitalization of $406.32 billion, a P/E ratio of 47.84, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the firm earned $2.11 earnings per share. Netflix’s revenue was up 16.0% on a year-over-year basis. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction 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 filing with the SEC, which is available at this link. Also, CEO Gregory K. Peters sold 102,228 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the transaction, the chief executive officer now owns 12,950 shares in the company, valued at $12,700,583. The trade was a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 288,103 shares of company stock valued at $279,142,041 over the last ninety days. 1.76% of the stock is owned by insiders.

Hedge Funds Weigh In On Netflix

A number of institutional investors have recently modified their holdings of NFLX. Swedbank AB lifted its holdings in shares of Netflix by 1.8% in the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after buying an additional 8,024 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Netflix by 13.3% during the third quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock valued at $1,200,485,000 after purchasing an additional 198,148 shares in the last quarter. BIP Wealth LLC purchased a new position in shares of Netflix in the 3rd quarter valued at $260,000. Parnassus Investments LLC grew its stake in Netflix by 7.7% in the third quarter. Parnassus Investments LLC now owns 1,135 shares of the Internet television network’s stock valued at $805,000 after purchasing an additional 81 shares during the last quarter. Finally, Avior Wealth Management LLC raised its stake in shares of Netflix by 1.0% during the 3rd quarter. Avior Wealth Management LLC now owns 4,621 shares of the Internet television network’s stock worth $3,278,000 after acquiring an additional 45 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

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.