Netflix (NASDAQ:NFLX) Shares Up 1.4% - Should You Buy?

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) shares rose 1.4% on Monday . The stock traded as high as $1,064.50 and last traded at $1,058.60. Approximately 3,142,383 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 4,673,093 shares. The stock had previously closed at $1,043.69.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. UBS Group increased their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Evercore ISI upped their price target on shares of Netflix from $950.00 to $1,100.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Piper Sandler reissued an "overweight" rating and issued a $1,100.00 price target (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Macquarie upped their price target on Netflix from $965.00 to $1,150.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Finally, Citigroup boosted their target price on Netflix from $725.00 to $920.00 and gave the company a "neutral" rating in a research note on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $1,021.70.

Netflix Stock Down 2.1 %

The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. 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. The business has a fifty day moving average of $938.86 and a 200-day moving average of $815.63.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.11 EPS. Equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann Mather sold 2,682 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The disclosure for this sale can be found here. Insiders sold a total of 303,220 shares of company stock valued at $289,856,164 in the last quarter. 1.76% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Netflix

Institutional investors have recently bought and sold shares of the company. AMF Tjanstepension AB raised its position in Netflix by 7.4% in the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network's stock valued at $48,557,000 after purchasing an additional 4,701 shares during the period. Swedbank AB increased its holdings in Netflix by 1.8% in the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network's stock valued at $329,958,000 after buying an additional 8,024 shares during the last quarter. Stanley Laman Group Ltd. raised its position in shares of Netflix by 40.7% during the 3rd quarter. Stanley Laman Group Ltd. now owns 1,079 shares of the Internet television network's stock worth $765,000 after acquiring an additional 312 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Netflix by 4.5% in the 3rd quarter. Private Advisor Group LLC now owns 24,810 shares of the Internet television network's stock valued at $17,597,000 after buying an additional 1,060 shares in the last quarter. Finally, Lecap Asset Management Ltd. purchased a new position in shares of Netflix during the third quarter worth about $990,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

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.