Netflix (NASDAQ:NFLX) Trading 1.6% Higher

Netflix, Inc. (NASDAQ:NFLXGet Free Report)’s share price traded up 1.6% during trading on Friday . The stock traded as high as $695.44 and last traded at $693.65. 828,954 shares were traded during trading, a decline of 79% from the average session volume of 3,919,495 shares. The stock had previously closed at $682.51.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Piper Sandler upped their price objective on shares of Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. BMO Capital Markets reiterated an “outperform” rating and issued a $713.00 price objective (up from $638.00) on shares of Netflix in a report on Wednesday, April 17th. Loop Capital upped their price objective on shares of Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Finally, Morgan Stanley upped their price objective on shares of Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $637.34.

Get Our Latest Stock Analysis on Netflix

Netflix Price Performance

The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The stock has a market cap of $297.67 billion, a price-to-earnings ratio of 47.93, a price-to-earnings-growth ratio of 1.47 and a beta of 1.27. The company’s 50-day moving average is $640.84 and its 200-day moving average is $591.37.

Netflix (NASDAQ:NFLXGet Free Report) last issued its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.51 by $0.77. The firm had revenue of $9.37 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.88 earnings per share. Equities research analysts expect that Netflix, Inc. will post 18.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 268 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.62, for a total transaction of $159,090.16. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $18,764,328.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $593.81, for a total transaction of $758,889.18. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $7,772,972.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Hyman sold 268 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $593.62, for a total transaction of $159,090.16. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $18,764,328.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,385 shares of company stock valued at $44,469,351. 1.76% of the stock is currently owned by insiders.

Institutional Trading of Netflix

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Netflix by 0.4% during the first quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock valued at $22,220,936,000 after purchasing an additional 149,341 shares during the last quarter. Capital World Investors lifted its holdings in Netflix by 0.7% in the fourth quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock valued at $5,718,265,000 after buying an additional 78,320 shares during the period. Jennison Associates LLC lifted its holdings in Netflix by 17.0% in the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after buying an additional 929,193 shares during the period. Norges Bank acquired a new position in Netflix in the fourth quarter valued at approximately $2,558,598,000. Finally, Fisher Asset Management LLC lifted its holdings in Netflix by 1.9% in the fourth quarter. Fisher Asset Management LLC now owns 4,121,104 shares of the Internet television network’s stock valued at $2,006,483,000 after buying an additional 78,298 shares during the period. 80.93% of the stock is owned by institutional investors.

Netflix Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.