Netflix (NASDAQ:NFLX) Stock Price Up 0.1% After Analyst Upgrade

Netflix, Inc. (NASDAQ:NFLX) shot up 0.1% on Monday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $525.00 to $550.00. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Netflix traded as high as $630.17 and last traded at $623.76. 691,953 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 4,231,362 shares. The stock had previously closed at $622.83.

A number of other analysts also recently weighed in on the company. TD Cowen increased their price objective on Netflix from $600.00 to $725.00 and gave the company a “buy” rating in a report on Monday, April 8th. Jefferies Financial Group increased their price target on Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, March 12th. Canaccord Genuity Group increased their price target on Netflix from $575.00 to $625.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. KeyCorp increased their price target on Netflix from $580.00 to $705.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Finally, StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $597.73.

Insider Activity at Netflix

In other Netflix news, insider David A. Hyman sold 47,574 shares of Netflix stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $17,003,651.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Netflix news, insider David A. Hyman sold 47,574 shares of Netflix stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $17,003,651.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gregory K. Peters sold 13,655 shares of Netflix stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $543.80, for a total transaction of $7,425,589.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $7,118,342. The disclosure for this sale can be found here. In the last quarter, insiders have sold 268,335 shares of company stock valued at $151,619,811. 2.45% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Netflix

Hedge funds have recently modified their holdings of the company. Fairfield Bush & CO. raised its holdings in shares of Netflix by 26.5% in the 1st quarter. Fairfield Bush & CO. now owns 2,446 shares of the Internet television network’s stock worth $916,000 after purchasing an additional 512 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Netflix by 21.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 480,044 shares of the Internet television network’s stock worth $179,820,000 after purchasing an additional 84,179 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of Netflix by 14.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,922 shares of the Internet television network’s stock worth $1,094,000 after purchasing an additional 363 shares during the period. Candriam Luxembourg S.C.A. raised its holdings in shares of Netflix by 6.9% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 36,336 shares of the Internet television network’s stock worth $13,610,000 after purchasing an additional 2,358 shares during the period. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Netflix by 13.1% in the 1st quarter. Brown Brothers Harriman & Co. now owns 3,808 shares of the Internet television network’s stock worth $1,426,000 after purchasing an additional 441 shares during the period. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. The company has a market cap of $262.75 billion, a P/E ratio of 50.55, a PEG ratio of 1.69 and a beta of 1.22. The business’s fifty day moving average is $602.41 and its 200 day moving average is $508.76.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The company had revenue of $8.83 billion during the quarter, compared to the consensus estimate of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the firm posted $0.12 EPS. As a group, sell-side analysts anticipate that Netflix, Inc. will post 17.02 EPS for the current year.

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.