Netflix (NASDAQ:NFLX) Stock Price Up 0.6% - Still a Buy?

Shares of Netflix, Inc. (NASDAQ:NFLX - Get Free Report) shot up 0.6% during trading on Tuesday . The company traded as high as $852.47 and last traded at $851.85. 765,115 shares were traded during trading, a decline of 79% from the average session volume of 3,648,332 shares. The stock had previously closed at $847.05.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NFLX shares. Bank of America raised their price objective on shares of Netflix from $740.00 to $800.00 and gave the stock a "buy" rating in a research note on Friday, October 18th. Piper Sandler restated an "overweight" rating and issued a $840.00 price target (up from $800.00) on shares of Netflix in a research report on Friday, October 18th. Oppenheimer upped their price objective on shares of Netflix from $775.00 to $825.00 and gave the company an "outperform" rating in a research report on Friday, October 18th. Loop Capital lifted their target price on Netflix from $750.00 to $800.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Finally, China Renaissance began coverage on Netflix in a research note on Thursday, September 5th. They set a "hold" rating and a $680.00 price target on the stock. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $753.45.

Netflix Stock Up 3.0 %

The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $373.07 billion, a price-to-earnings ratio of 48.21, a P/E/G ratio of 1.59 and a beta of 1.25. The business's 50-day moving average is $739.20 and its two-hundred day moving average is $683.35.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts' consensus estimates of $5.09 by $0.31. The business had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. On average, equities analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current year.

Insider Activity

In related news, insider David A. Hyman sold 267 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. This trade represents a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leslie J. Kilgore sold 358 shares of the company's stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the transaction, the director now directly owns 35,262 shares of the company's stock, valued at approximately $26,975,430. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,277 shares of company stock worth $132,875,601 in the last 90 days. Corporate insiders own 1.76% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NFLX. RPg Family Wealth Advisory LLC bought a new stake in Netflix in the third quarter valued at approximately $25,000. Denver PWM LLC acquired a new position in shares of Netflix in the second quarter valued at approximately $25,000. Proffitt & Goodson Inc. raised its stake in shares of Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network's stock valued at $32,000 after acquiring an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings in 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 buying an additional 42 shares during the period. Finally, AlphaMark Advisors LLC boosted its holdings in Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network's stock valued at $35,000 after acquiring an additional 45 shares during the last quarter. Institutional investors and hedge funds 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.

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