Netflix, Inc. (NASDAQ:NFLX - Get Free Report) shares shot up 0.2% during trading on Wednesday . The stock traded as high as $1,037.85 and last traded at $1,037.77. 873,994 shares were traded during trading, a decline of 79% from the average session volume of 4,125,151 shares. The stock had previously closed at $1,035.85.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the company. Argus increased their price objective on Netflix from $840.00 to $1,040.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Loop Capital increased their price objective on Netflix from $925.00 to $1,000.00 and gave the company a "hold" rating in a research note on Wednesday, January 22nd. UBS Group increased their price objective on Netflix from $1,040.00 to $1,150.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Morgan Stanley increased their price objective on Netflix from $1,050.00 to $1,150.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $1,175.00 price objective (up from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,021.70.
Check Out Our Latest Research Report on NFLX
Netflix Stock Performance
The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a fifty day moving average of $940.55 and a 200-day moving average of $818.44. The stock has a market cap of $429.11 billion, a PE ratio of 50.59, a price-to-earnings-growth ratio of 2.16 and a beta of 1.27.
Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the company posted $2.11 earnings per share. The business's revenue was up 16.0% on a year-over-year basis. On average, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.
Insider Buying and Selling
In other Netflix news, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total value of $2,835,138.31. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Gregory K. Peters sold 4,939 shares of Netflix stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the completion of the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at $13,338,500. This represents a 27.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 303,220 shares of company stock valued at $289,856,164 over the last quarter. 1.76% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Netflix
Institutional investors have recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC purchased a new stake in Netflix in the 3rd quarter valued at approximately $25,000. Pathway Financial Advisers LLC boosted its stake in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after acquiring an additional 14 shares in the last quarter. Brown Shipley& Co Ltd purchased a new stake in shares of Netflix during the 4th quarter worth approximately $27,000. Transce3nd LLC purchased a new stake in shares of Netflix during the 4th quarter worth approximately $32,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of 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 acquiring an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.
About Netflix
(
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.
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