Netflix (NASDAQ:NFLX) Trading Up 0.9% - Here's Why

Shares of Netflix, Inc. (NASDAQ:NFLX - Get Free Report) traded up 0.9% during mid-day trading on Friday . The company traded as high as $762.72 and last traded at $762.72. 582,711 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 3,689,959 shares. The stock had previously closed at $756.03.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Evercore ISI raised their target price on Netflix from $750.00 to $775.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Netflix from $590.00 to $650.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Pivotal Research raised their price objective on Netflix from $900.00 to $925.00 and gave the stock a "buy" rating in a research note on Friday, October 18th. Guggenheim raised their target price on shares of Netflix from $810.00 to $825.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, BMO Capital Markets restated an "outperform" rating and set a $825.00 target price (up previously from $770.00) on shares of Netflix in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the company's stock. According to MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and a consensus target price of $748.15.

Netflix Price Performance

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $323.20 billion, a PE ratio of 42.79, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The stock's 50 day moving average price is $712.96 and its 200-day moving average price is $664.02.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of the company's stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total transaction of $785,254.32. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at $8,043,019.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Netflix news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the sale, the insider now owns 31,610 shares of the company's stock, valued at approximately $19,128,159.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gregory K. Peters sold 1,278 shares of the company's stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total value of $785,254.32. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,043,019.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 209,810 shares of company stock valued at $142,049,542 over the last quarter. 1.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Denver PWM LLC acquired a new position in shares of Netflix during the 2nd quarter worth approximately $25,000. Proffitt & Goodson Inc. lifted its holdings in Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network's stock valued at $32,000 after purchasing an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network's stock worth $34,000 after purchasing an additional 42 shares during the last quarter. AlphaMark Advisors LLC lifted its stake in Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network's stock worth $35,000 after purchasing an additional 45 shares in the last quarter. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Netflix in the second quarter valued at approximately $38,000. 80.93% of the stock is currently 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.