Netflix (NASDAQ:NFLX) Stock Price Up 2.1%

Netflix, Inc. (NASDAQ:NFLXGet Free Report)’s stock price rose 2.1% on Wednesday . The company traded as high as $627.57 and last traded at $626.97. Approximately 779,837 shares traded hands during trading, a decline of 82% from the average daily volume of 4,413,909 shares. The stock had previously closed at $614.21.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Canaccord Genuity Group increased their price objective on shares of Netflix from $575.00 to $625.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. UBS Group raised their price target on shares of Netflix from $570.00 to $685.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Piper Sandler lifted their price objective on shares of Netflix from $475.00 to $550.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Robert W. Baird lifted their price objective on shares of Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Finally, The Goldman Sachs Group raised their target price on shares of Netflix from $500.00 to $565.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $583.18.

View Our Latest Report on NFLX

Netflix Price Performance

The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12. The company’s 50 day moving average price is $591.75 and its 200 day moving average price is $493.62. The company has a market cap of $272.67 billion, a price-to-earnings ratio of 52.20, a P/E/G ratio of 1.66 and a beta of 1.22.

Netflix (NASDAQ:NFLXGet Free Report) last issued its earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). Netflix had a net margin of 16.04% and a return on equity of 24.76%. The firm had revenue of $8.83 billion during the quarter, compared to analyst estimates of $8.72 billion. During the same quarter in the prior year, the firm posted $0.12 EPS. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, equities research analysts predict that Netflix, Inc. will post 17.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider David A. Hyman sold 47,574 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total value of $25,591,006.08. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $17,003,651.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Gregory K. Peters sold 13,655 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $543.80, for a total value of $7,425,589.00. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $7,118,342. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Hyman sold 47,574 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the sale, the insider now owns 31,610 shares in the company, valued at $17,003,651.20. The disclosure for this sale can be found here. Insiders have sold a total of 268,335 shares of company stock worth $151,619,811 in the last 90 days. Corporate insiders own 2.45% of the company’s stock.

Institutional Trading of Netflix

A number of hedge funds and other institutional investors have recently made changes to their positions in NFLX. KFA Private Wealth Group LLC boosted its position in Netflix by 1.9% during the fourth quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock worth $466,000 after purchasing an additional 18 shares during the period. Legacy Capital Group California Inc. boosted its holdings in shares of Netflix by 0.6% during the 4th quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet television network’s stock worth $1,379,000 after buying an additional 18 shares in the last quarter. Founders Financial Alliance LLC raised its position in shares of Netflix by 2.4% during the fourth quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock worth $369,000 after purchasing an additional 18 shares during the period. Addison Advisors LLC raised its position in shares of Netflix by 7.8% during the fourth quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock worth $134,000 after purchasing an additional 20 shares during the period. Finally, Regent Peak Wealth Advisors LLC raised its position in shares of Netflix by 1.6% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock worth $635,000 after purchasing an additional 21 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Company Profile

(Get Free Report)

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.

Further Reading

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