Netflix (NASDAQ:NFLX) Trading Up 1.4% - Here's Why

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on NFLX shares. Guggenheim raised their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Macquarie lifted their price target on Netflix from $965.00 to $1,150.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Canaccord Genuity Group raised Netflix from a "hold" rating to a "buy" rating and upped their price objective for the company from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Pivotal Research lifted their target price on Netflix from $1,100.00 to $1,250.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Finally, BMO Capital Markets restated an "outperform" rating and issued a $1,175.00 price target (up from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Ten 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,021.70.

Netflix Price Performance

The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market cap of $445.69 billion, a P/E ratio of 52.51, a P/E/G ratio of 2.19 and a beta of 1.27. The company's 50 day moving average price is $934.75 and its 200-day moving average price is $812.56.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business's quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.11 EPS. As a group, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 12,950 shares in the company, valued at $13,338,500. This represents a 27.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David A. Hyman sold 41,121 shares of the business's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $30,946,506.10. The trade was a 56.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 303,220 shares of company stock valued at $289,856,164. 1.76% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Netflix

Several institutional investors have recently added to or reduced their stakes in the business. Brown Shipley& Co Ltd bought a new position in Netflix during the fourth quarter worth $27,000. Pathway Financial Advisers LLC boosted its position in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after purchasing an additional 14 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix in the 3rd quarter valued at about $25,000. Transce3nd LLC bought a new stake in Netflix in the 4th quarter valued at about $32,000. Finally, Newton One Investments LLC acquired a new position in Netflix during the 4th quarter worth approximately $34,000. 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.