Netflix (NASDAQ:NFLX) Trading 0.7% Higher – Should You Buy?

Netflix, Inc. (NASDAQ:NFLX)’s share price traded up 0.7% during mid-day trading on Thursday . The stock traded as high as $787.93 and last traded at $785.41. 628,748 shares were traded during mid-day trading, a decline of 83% from the average session volume of 3,671,795 shares. The stock had previously closed at $780.21.

Wall Street Analyst Weigh In

A number of research analysts have commented on NFLX shares. Pivotal Research boosted their target price on Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Wells Fargo & Company increased their price objective on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Needham & Company LLC lifted their price objective on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Barclays reaffirmed an “underweight” rating and issued a $550.00 price target on shares of Netflix in a research report on Friday, October 18th. Finally, Rosenblatt Securities increased their price objective on Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $748.15.

Netflix Stock Performance

The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a 50 day moving average price of $717.59 and a two-hundred day moving average price of $667.98. The company has a market capitalization of $340.49 billion, a P/E ratio of 45.11, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 13,791 shares of Netflix stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $22,127,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider David A. Hyman sold 13,791 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $22,127,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 242,112 shares of company stock worth $169,954,456 over the last three months. Company insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

Large investors have recently made changes to their positions in the business. Denver PWM LLC acquired a new stake in Netflix in the 2nd quarter valued at about $25,000. Proffitt & Goodson Inc. increased its holdings in shares of Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the last quarter. AlphaMark Advisors LLC lifted its holdings in Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after buying an additional 45 shares in the last quarter. Finally, Triad Wealth Partners LLC bought a new position in Netflix in the 2nd quarter valued at $38,000. Institutional investors own 80.93% of the company’s stock.

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.