Netflix (NASDAQ:NFLX) Stock Price Up 0%

Shares of Netflix, Inc. (NASDAQ:NFLX) traded up 0% during mid-day trading on Thursday . The stock traded as high as $558.89 and last traded at $555.31. 1,182,001 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 4,484,370 shares. The stock had previously closed at $555.12.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Jefferies Financial Group upped their price objective on Netflix from $580.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, March 12th. Oppenheimer restated an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a research note on Friday, April 19th. Citigroup raised their price objective on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a research report on Monday, March 25th. Benchmark restated a “sell” rating and set a $440.00 price objective on shares of Netflix in a research report on Thursday, April 18th. Finally, Piper Sandler lifted their price target on Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $630.58.

Netflix Stock Performance

The company has a market cap of $243.37 billion, a price-to-earnings ratio of 39.13, a P/E/G ratio of 1.41 and a beta of 1.22. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. The stock’s fifty day simple moving average is $605.56 and its 200 day simple moving average is $517.91.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same quarter in the prior year, the company posted $2.88 EPS. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. As a group, analysts anticipate that Netflix, Inc. will post 18.09 earnings per share for the current year.

Insider Activity

In other news, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the sale, the chief executive officer now owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the transaction, the chief executive officer now owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $17,575,476.10. The disclosure for this sale can be found here. Insiders sold a total of 160,106 shares of company stock valued at $92,729,716 in the last 90 days. Company insiders own 2.45% of the company’s stock.

Institutional Investors Weigh In On Netflix

A number of hedge funds and other institutional investors have recently modified their holdings of NFLX. Authentikos Wealth Advisory LLC acquired a new stake in shares of Netflix in the 3rd quarter valued at $25,000. Spartan Planning & Wealth Management acquired a new stake in Netflix during the 3rd quarter worth $26,000. Carmel Capital Partners LLC raised its stake in Netflix by 290.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 58 shares in the last quarter. VitalStone Financial LLC raised its stake in Netflix by 933.3% during the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 56 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC raised its stake in Netflix by 1,550.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 62 shares in the last quarter. 80.93% of the stock is currently 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.