Netflix (NASDAQ:NFLX) Stock Price Up 0.4%

Netflix, Inc. (NASDAQ:NFLX) traded up 0.4% on Thursday . The stock traded as high as $614.71 and last traded at $611.93. 674,362 shares were traded during trading, a decline of 85% from the average session volume of 4,362,085 shares. The stock had previously closed at $609.47.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on NFLX shares. Redburn Atlantic raised their price target on Netflix from $550.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. lifted their price objective on Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Macquarie boosted their price target on Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Seaport Res Ptn downgraded Netflix from a “buy” rating to a “neutral” rating in a report on Tuesday, January 30th. Finally, Loop Capital boosted their price target on Netflix from $585.00 to $700.00 and gave the company a “buy” rating in a report on Monday, March 18th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $631.15.

Netflix Stock Performance

The business has a fifty day simple moving average of $603.11 and a 200-day simple moving average of $532.16. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The firm has a market cap of $263.79 billion, a P/E ratio of 42.48, a P/E/G ratio of 1.40 and a beta of 1.23.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same period last year, the company earned $2.88 earnings per share. The company’s revenue was up 14.8% on a year-over-year basis. On average, sell-side analysts predict that Netflix, Inc. will post 18.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman Reed Hastings sold 18,361 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total value of $10,126,825.94. Following the transaction, the chairman now owns 28 shares of the company’s stock, valued at $15,443.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman Reed Hastings sold 18,361 shares of Netflix stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total value of $10,126,825.94. Following the completion of the transaction, the chairman now owns 28 shares in the company, valued at approximately $15,443.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 68,957 shares of Netflix stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the transaction, the chief executive officer now owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 146,432 shares of company stock valued at $84,762,938. Insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

Hedge funds have recently made changes to their positions in the company. Obermeyer Wood Investment Counsel Lllp increased its position in Netflix by 2.8% during the 1st quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock valued at $378,000 after buying an additional 17 shares in the last quarter. Private Portfolio Partners LLC boosted its stake in shares of Netflix by 1.7% in the first quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock worth $633,000 after buying an additional 17 shares during the last quarter. KFA Private Wealth Group LLC grew its holdings in Netflix by 1.9% in the fourth quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock valued at $466,000 after purchasing an additional 18 shares during the period. Legacy Capital Group California Inc. grew its holdings in Netflix by 0.6% in the fourth quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet television network’s stock valued at $1,379,000 after purchasing an additional 18 shares during the period. Finally, Founders Financial Alliance LLC lifted its position in shares of Netflix by 2.4% in the fourth quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock valued at $369,000 after acquiring an additional 18 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

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.