Netflix (NASDAQ:NFLX) Stock Price Up 2.3%

Netflix, Inc. (NASDAQ:NFLX) traded up 2.3% on Tuesday . The company traded as high as $567.87 and last traded at $567.46. 1,314,456 shares changed hands during trading, a decline of 71% from the average session volume of 4,467,066 shares. The stock had previously closed at $554.60.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. TD Cowen lifted their price objective on Netflix from $600.00 to $725.00 and gave the company a “buy” rating in a research note on Monday, April 8th. JPMorgan Chase & Co. lifted their price target on Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Piper Sandler lifted their price target on Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Benchmark restated a “sell” rating and issued a $440.00 price target on shares of Netflix in a research note on Thursday, April 18th. Finally, Canaccord Genuity Group restated a “hold” rating and issued a $585.00 price target (down previously from $720.00) on shares of Netflix in a research note on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have assigned a 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 $630.58.

Netflix Stock Down 3.9 %

The stock has a market capitalization of $239.20 billion, a price-to-earnings ratio of 38.52, a PEG ratio of 1.41 and a beta of 1.22. The business has a fifty day moving average of $605.56 and a 200 day moving average of $517.91. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.12.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $9.28 billion. During the same period in the prior year, the firm posted $2.88 earnings per share. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. As a group, equities analysts predict that Netflix, Inc. will post 18.09 earnings per share for the current year.

Insider Activity at Netflix

In other Netflix news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value of $148,454.67. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Netflix news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value of $148,454.67. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 5,352 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $625.00, for a total value of $3,345,000.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,181,250. The disclosure for this sale can be found here. Over the last three months, insiders have sold 160,106 shares of company stock worth $92,729,716. Insiders own 2.45% of the company’s stock.

Institutional Trading of Netflix

Large investors have recently modified their holdings of the stock. Columbia Trust Co 01012016 increased its position in shares of Netflix by 15.3% during the fourth quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock worth $762,000 after acquiring an additional 208 shares during the period. Crumly & Associates Inc. increased its holdings in Netflix by 4.1% in the fourth quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock valued at $1,025,000 after buying an additional 83 shares during the last quarter. Venture Visionary Partners LLC increased its holdings in Netflix by 15.4% in the fourth quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock valued at $4,795,000 after buying an additional 1,318 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Netflix by 142.6% in the third quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after buying an additional 392,427 shares during the last quarter. Finally, Sandy Cove Advisors LLC increased its holdings in Netflix by 10.6% in the fourth quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after buying an additional 114 shares during the last quarter. Hedge funds and other institutional investors 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.