Netflix (NASDAQ:NFLX) Trading 0% Higher - What's Next?

Netflix, Inc. (NASDAQ:NFLX - Get Free Report)'s stock price rose 0% during trading on Thursday . The stock traded as high as $967.00 and last traded at $959.72. Approximately 1,525,361 shares were traded during trading, a decline of 56% from the average daily volume of 3,444,277 shares. The stock had previously closed at $959.49.

Wall Street Analyst Weigh In

Several research firms have issued reports on NFLX. Arete Research upgraded shares of Netflix to a "hold" rating in a research note on Thursday, January 23rd. Robert W. Baird raised their price target on Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on Netflix from $650.00 to $875.00 and gave the company a "hold" rating in a research note on Wednesday, January 22nd. KeyCorp raised their target price on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Finally, Benchmark upgraded shares of Netflix from a "sell" rating to a "hold" rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,016.78.

Netflix Stock Performance

The company's fifty day simple moving average is $959.08 and its two-hundred day simple moving average is $857.81. The company has a market capitalization of $410.77 billion, a price-to-earnings ratio of 48.43, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

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Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company's quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.11 EPS. Equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Richard N. Barton sold 6,364 shares of the firm's stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the transaction, the director now directly owns 246 shares of the company's stock, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction dated Monday, February 10th. The shares were 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 owns 12,950 shares of the company's stock, valued at $13,338,500. This represents a 27.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 288,103 shares of company stock worth $279,142,041. Insiders own 1.76% of the company's stock.

Institutional Trading of Netflix

A number of institutional investors have recently made changes to their positions in the stock. Nordea Investment Management AB lifted its position in Netflix by 22.7% in the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network's stock worth $760,918,000 after purchasing an additional 156,958 shares during the period. First National Trust Co lifted its holdings in shares of Netflix by 1.0% in the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after buying an additional 12 shares during the period. Haven Private LLC bought a new position in Netflix during the fourth quarter valued at about $733,000. Sigma Planning Corp grew its holdings in Netflix by 7.4% during the fourth 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 raised its position in Netflix by 4.2% in the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network's stock worth $29,751,000 after acquiring an additional 1,684 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

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.