Netflix (NASDAQ:NFLX) Trading 2% Higher

Netflix, Inc. (NASDAQ:NFLX)’s share price rose 2% during mid-day trading on Friday . The company traded as high as $577.56 and last traded at $576.21. Approximately 1,168,515 shares changed hands during trading, a decline of 74% from the average daily volume of 4,409,761 shares. The stock had previously closed at $565.15.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Pivotal Research lifted their price objective on shares of Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Bank of America lifted their price target on Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. DZ Bank upgraded Netflix from a “hold” rating to a “buy” rating and set a $600.00 price objective on the stock in a research report on Thursday, January 25th. Redburn Atlantic lifted their target price on Netflix from $550.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Finally, Citigroup increased their price target on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $631.15.

Netflix Trading Up 2.5 %

The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $249.67 billion, a P/E ratio of 40.20, a PEG ratio of 1.37 and a beta of 1.23. The company’s fifty day simple moving average is $602.57 and its 200-day simple moving average is $526.33.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the firm earned $2.88 earnings per share. Research analysts predict that Netflix, Inc. will post 18.3 earnings per share for the current year.

Insider Transactions at Netflix

In related news, Director Anne M. Sweeney sold 633 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total transaction of $354,480.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Anne M. Sweeney sold 633 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total transaction of $354,480.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Hyman sold 267 shares of Netflix stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at $17,575,476.10. The disclosure for this sale can be found here. In the last three months, insiders sold 152,833 shares of company stock valued at $88,270,051. Corporate insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WBI Investments LLC purchased a new stake in shares of Netflix during the first quarter worth about $3,360,000. Team Hewins LLC boosted its stake in Netflix by 0.3% in the 1st quarter. Team Hewins LLC now owns 6,154 shares of the Internet television network’s stock worth $3,738,000 after purchasing an additional 20 shares in the last quarter. Richardson Financial Services Inc. grew its position in Netflix by 3,580.0% during the 1st quarter. Richardson Financial Services Inc. now owns 184 shares of the Internet television network’s stock worth $112,000 after purchasing an additional 179 shares during the last quarter. Signaturefd LLC increased its stake in Netflix by 6.3% during the 1st quarter. Signaturefd LLC now owns 12,603 shares of the Internet television network’s stock valued at $7,654,000 after purchasing an additional 748 shares in the last quarter. Finally, Embree Financial Group raised its holdings in shares of Netflix by 4.8% in the first quarter. Embree Financial Group now owns 736 shares of the Internet television network’s stock worth $447,000 after buying an additional 34 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

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.