Netflix (NASDAQ:NFLX) Stock Price Up 0.1% After Analyst Upgrade

Netflix, Inc. (NASDAQ:NFLX - Get Free Report)'s stock price rose 0.1% during trading on Wednesday after Pivotal Research raised their price target on the stock from $925.00 to $1,100.00. Pivotal Research currently has a buy rating on the stock. Netflix traded as high as $890.33 and last traded at $872.15. 1,605,803 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 3,652,805 shares. The stock had previously closed at $871.32.

Other equities analysts have also issued reports about the company. Canaccord Genuity Group boosted their price target on Netflix from $750.00 to $760.00 and gave the stock a "hold" rating in a research report on Friday, October 18th. Macquarie reaffirmed an "outperform" rating and set a $795.00 target price on shares of Netflix in a research note on Friday, October 18th. Jefferies Financial Group lifted their target price on Netflix from $780.00 to $800.00 and gave the stock a "buy" rating in a report on Friday, October 18th. JPMorgan Chase & Co. upped their price objective on shares of Netflix from $750.00 to $850.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company raised their price target on shares of Netflix from $758.00 to $797.00 and gave the stock an "overweight" rating in a report 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, Netflix has a consensus rating of "Moderate Buy" and an average price target of $758.76.

Insider Activity

In other news, CEO Gregory K. Peters sold 4,392 shares of the firm's stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total value of $3,184,200.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $9,490,250. This trade represents a 25.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Timothy M. Haley sold 11,090 shares of the company's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 185,866 shares of company stock worth $133,393,921. 1.76% of the stock is currently owned by corporate insiders.

Institutional Trading of Netflix

Hedge funds and other institutional investors have recently modified their holdings of the stock. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix during the third quarter valued at $25,000. Denver PWM LLC bought a new position in shares of Netflix in the 2nd quarter valued at about $25,000. Proffitt & Goodson Inc. grew its position in shares of Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network's stock worth $32,000 after buying an additional 38 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network's stock valued at $34,000 after buying an additional 42 shares during the period. Finally, AlphaMark Advisors LLC boosted its stake in Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network's stock valued at $35,000 after acquiring an additional 45 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Up 1.4 %

The business's fifty day simple moving average is $747.20 and its 200 day simple moving average is $686.80. The stock has a market cap of $377.81 billion, a price-to-earnings ratio of 50.02, a price-to-earnings-growth ratio of 1.59 and a beta of 1.25. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts' consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Equities analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

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.