Netflix (NASDAQ:NFLX) Trading Up 1.9% - Here's What Happened

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) shares shot up 1.9% during trading on Monday . The stock traded as high as $865.00 and last traded at $858.10. 3,563,913 shares were traded during mid-day trading, an increase of 55% from the average session volume of 2,297,633 shares. The stock had previously closed at $842.37.

Analysts Set New Price Targets

Several research firms have recently weighed in on NFLX. Wedbush reissued an "outperform" rating and issued a $950.00 target price (up from $800.00) on shares of Netflix in a research report on Monday, November 18th. Macquarie boosted their target price on shares of Netflix from $795.00 to $965.00 and gave the company an "outperform" rating in a research note on Monday, January 13th. Morgan Stanley increased their target price on Netflix from $820.00 to $830.00 and gave the company an "overweight" rating in a report on Friday, October 18th. TD Cowen lifted their price target on Netflix from $820.00 to $835.00 and gave the company a "buy" rating in a report on Friday, October 18th. Finally, Argus increased their price objective on Netflix from $840.00 to $1,040.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $845.06.

Netflix Price Performance

The company's fifty day simple moving average is $884.58 and its 200-day simple moving average is $759.58. The stock has a market cap of $366.80 billion, a P/E ratio of 48.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. 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 announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping analysts' consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.77 billion. As a group, sell-side analysts forecast that Netflix, Inc. will post 19.78 EPS for the current year.

Insider Activity at Netflix

In related news, Director Anne M. Sweeney sold 589 shares of Netflix stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Barton sold 5,698 shares of the company's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the sale, the director now directly owns 246 shares in the company, valued at $185,976. This represents a 95.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 152,198 shares of company stock valued at $127,616,898 in the last 90 days. 1.76% of the stock is owned by corporate insiders.

Institutional Trading of Netflix

Large investors have recently made changes to their positions in the business. RPg Family Wealth Advisory LLC acquired a new stake in Netflix in the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Netflix by 700.0% during 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 purchasing an additional 42 shares during the last quarter. Decker Retirement Planning Inc. bought a new stake in shares of Netflix during the fourth quarter valued at approximately $43,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix in the third quarter valued at approximately $37,000. Finally, FSA Wealth Management LLC bought a new position in Netflix in the 3rd quarter worth approximately $38,000. Institutional investors own 80.93% of the company's stock.

Netflix Company Profile

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.