Netflix (NASDAQ:NFLX) Trading 3% Higher - Here's Why

Shares of Netflix, Inc. (NASDAQ:NFLX - Get Free Report) rose 3% during trading on Monday . The stock traded as high as $947.55 and last traded at $945.79. Approximately 1,354,195 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 3,681,714 shares. The stock had previously closed at $918.29.

Analyst Ratings Changes

NFLX has been the topic of several research analyst reports. Seaport Res Ptn raised Netflix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Phillip Securities lowered shares of Netflix from a "hold" rating to a "moderate sell" rating in a research report on Friday, January 24th. Sanford C. Bernstein upgraded shares of Netflix from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $975.00 to $1,200.00 in a research report on Friday, January 24th. Argus increased their price objective on Netflix from $840.00 to $1,040.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Finally, Arete Research raised Netflix to a "hold" rating in a research note on Thursday, January 23rd. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $1,023.49.

Netflix Stock Up 1.2 %

The company has a 50-day moving average of $955.57 and a two-hundred day moving average of $889.98. The company has a market capitalization of $416.22 billion, a P/E ratio of 49.07, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $10.51 billion. During the same period in the previous year, the company earned $8.28 earnings per share. On average, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other news, insider David A. Hyman sold 41,121 shares of the company's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the transaction, the insider now directly owns 31,610 shares of the company's stock, valued at approximately $30,946,506.10. This represents a 56.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 4,939 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the sale, the chief executive officer now owns 12,950 shares in the company, valued at $13,338,500. The trade was a 27.61 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 274,312 shares of company stock valued at $267,919,297. 1.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wolf Group Capital Advisors purchased a new stake in shares of Netflix during the first quarter worth approximately $336,000. Cornerstone Wealth Management LLC increased its holdings in shares of Netflix by 5.8% in the 1st quarter. Cornerstone Wealth Management LLC now owns 2,938 shares of the Internet television network's stock valued at $2,740,000 after acquiring an additional 160 shares during the last quarter. Shepherd Financial Partners LLC boosted its stake in Netflix by 4.5% in the first quarter. Shepherd Financial Partners LLC now owns 305 shares of the Internet television network's stock valued at $284,000 after acquiring an additional 13 shares in the last quarter. GSB Wealth Management LLC increased its holdings in shares of Netflix by 6.9% in the 1st quarter. GSB Wealth Management LLC now owns 277 shares of the Internet television network's stock valued at $258,000 after acquiring an additional 18 shares during the period. Finally, Colorado Capital Management Inc. raised its stake in Netflix by 6.7% during the 1st quarter. Colorado Capital Management Inc. now owns 288 shares of the Internet television network's stock valued at $269,000 after acquiring an additional 18 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

About Netflix

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.