Netflix (NASDAQ:NFLX) Trading 0.9% Higher After Analyst Upgrade

Netflix, Inc. (NASDAQ:NFLX) shares traded up 0.9% during mid-day trading on Friday after Robert W. Baird raised their price target on the stock from $1,200.00 to $1,300.00. Robert W. Baird currently has an outperform rating on the stock. Netflix traded as high as $1,196.50 and last traded at $1,188.43. 1,666,210 shares were traded during trading, a decline of 56% from the average session volume of 3,751,566 shares. The stock had previously closed at $1,177.98.

A number of other equities analysts have also issued reports on NFLX. Barclays raised their price target on shares of Netflix from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Monday, April 21st. Phillip Securities raised shares of Netflix from a “moderate sell” rating to a “hold” rating in a report on Monday, April 21st. BMO Capital Markets reaffirmed an “outperform” rating and set a $1,200.00 target price (up from $1,175.00) on shares of Netflix in a report on Friday, April 18th. KeyCorp lifted their target price on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a report on Monday, April 21st. Finally, Bank of America lifted their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $1,093.39.

Insiders Place Their Bets

In other news, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction dated Wednesday, February 26th. 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 legal filing with the SEC, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,624,746.55. The trade was a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 132,868 shares of company stock valued at $138,483,256 in the last 90 days. 1.76% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Fullcircle Wealth LLC boosted its position in shares of Netflix by 2.5% during the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network’s stock valued at $344,000 after acquiring an additional 9 shares during the last quarter. Capital Analysts LLC lifted its position in Netflix by 0.3% in the first quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network’s stock valued at $2,443,000 after buying an additional 9 shares during the last quarter. Enterprise Financial Services Corp lifted its position in Netflix by 1.8% in the first quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network’s stock valued at $471,000 after buying an additional 9 shares during the last quarter. West Michigan Advisors LLC lifted its position in Netflix by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock valued at $692,000 after buying an additional 10 shares during the last quarter. Finally, Warwick Investment Management Inc. lifted its position in Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock valued at $266,000 after buying an additional 10 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

The stock’s 50-day simple moving average is $1,009.34 and its 200 day simple moving average is $945.60. 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 market cap of $507.08 billion, a price-to-earnings ratio of 60.09, a PEG ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating 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 company had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. During the same quarter in the prior year, the company posted $8.28 earnings per share. On average, equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.