Netflix, Inc. (NASDAQ:NFLX - Get Free Report) shares shot up 5.3% on Tuesday . The stock traded as high as $991.48 and last traded at $980.84. 3,533,293 shares traded hands during trading, a decline of 4% from the average session volume of 3,692,055 shares. The stock had previously closed at $931.28.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on NFLX shares. Loop Capital restated a "hold" rating on shares of Netflix in a report on Monday, March 24th. Bank of America lifted their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Barclays upgraded shares of Netflix from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $715.00 to $900.00 in a research report on Wednesday, January 22nd. FBN Securities assumed coverage on Netflix in a research note on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 target price on the stock. Finally, Needham & Company LLC reissued a "buy" rating and set a $1,126.00 price target on shares of Netflix in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $1,023.49.
Read Our Latest Analysis on Netflix
Netflix Price Performance
The company has a market cap of $416.22 billion, a price-to-earnings ratio of 49.07, a P/E/G ratio of 2.12 and a beta of 1.55. The company's 50-day simple moving average is $954.87 and its 200-day simple moving average is $891.82. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.
Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the previous year, the business posted $8.28 EPS. On average, equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.
Insider Activity
In other news, Director Jay C. Hoag sold 617 shares of the business's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total value of $604,481.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 4,939 shares of Netflix stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares of the company's stock, valued at approximately $13,338,500. This represents a 27.61 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 274,312 shares of company stock worth $267,919,297. 1.76% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Netflix
A number of institutional investors have recently modified their holdings of the business. Nordea Investment Management AB lifted its position in Netflix by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network's stock valued at $760,918,000 after purchasing an additional 156,958 shares during the last quarter. First National Trust Co raised its stake in Netflix by 1.0% during the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after acquiring an additional 12 shares in the last quarter. Haven Private LLC acquired a new stake in Netflix in the fourth quarter worth about $733,000. Sigma Planning Corp lifted its stake in shares of Netflix by 7.4% in the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock worth $4,966,000 after acquiring an additional 386 shares during the period. Finally, M&T Bank Corp increased its stake in shares of Netflix by 4.2% during the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network's stock valued at $29,751,000 after acquiring an additional 1,684 shares during the period. 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.
See Also
Before you consider Netflix, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Netflix wasn't on the list.
While Netflix currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
