Netflix (NASDAQ:NFLX) Trading Up 3.2% - What's Next?

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) shares traded up 3.2% during mid-day trading on Thursday . The company traded as high as $1,082.94 and last traded at $1,083.12. 2,271,168 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 3,701,242 shares. The stock had previously closed at $1,049.59.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price target on shares of Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Canaccord Genuity Group boosted their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Morgan Stanley upped their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Benchmark reiterated a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Finally, Phillip Securities raised Netflix from a "moderate sell" rating to a "hold" rating in a research note on Monday, April 21st. Ten investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $1,072.12.

Netflix Stock Performance

The stock has a market capitalization of $468.78 billion, a P/E ratio of 55.55, a PEG 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. The company has a 50-day moving average price of $955.92 and a two-hundred day moving average price of $904.88.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share 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 business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the prior year, the firm posted $8.28 EPS. Equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Strive Masiyiwa sold 2,813 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 273,855 shares of company stock worth $267,474,816. Corporate insiders own 1.76% of the company's stock.

Institutional Investors Weigh In On Netflix

Hedge funds have recently added to or reduced their stakes in the company. Nordea Investment Management AB lifted its holdings in shares of Netflix by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network's stock worth $760,918,000 after acquiring an additional 156,958 shares during the last quarter. First National Trust Co lifted its stake in Netflix by 1.0% in the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock worth $1,121,000 after purchasing an additional 12 shares during the last quarter. Haven Private LLC purchased a new stake in Netflix during the fourth quarter valued at about $733,000. Sigma Planning Corp grew its stake in shares of Netflix by 7.4% during the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock valued at $4,966,000 after buying an additional 386 shares during the last quarter. Finally, Quilter Plc grew its stake in shares of Netflix by 8.2% during the fourth quarter. Quilter Plc now owns 143,757 shares of the Internet television network's stock valued at $128,133,000 after buying an additional 10,946 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

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.