Netflix (NASDAQ:NFLX) Trading 1.5% Higher – What’s Next?

Netflix, Inc. (NASDAQ:NFLX)’s stock price traded up 1.5% during trading on Friday . The stock traded as high as $891.92 and last traded at $890.85. 657,225 shares were traded during mid-day trading, a decline of 82% from the average session volume of 3,654,947 shares. The stock had previously closed at $877.34.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wedbush reiterated an “outperform” rating and issued a $950.00 price objective (up from $800.00) on shares of Netflix in a research note on Monday, November 18th. Pivotal Research increased their price target on Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. KeyCorp boosted their price objective on Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Benchmark reaffirmed a “sell” rating and issued a $545.00 target price on shares of Netflix in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $764.82.

Netflix Stock Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s 50-day moving average is $773.01 and its 200 day moving average is $700.14. The stock has a market cap of $379.07 billion, a price-to-earnings ratio of 50.19, a P/E/G ratio of 1.69 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. As a group, analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, Director Jay C. Hoag sold 43,750 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the sale, the director now directly owns 95,040 shares in the company, valued at approximately $65,299,132.80. The trade was a 31.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Reed Hastings sold 25,074 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total value of $17,073,388.08. Following the completion of the transaction, the chairman now owns 85 shares of the company’s stock, valued at approximately $57,878.20. This represents a 99.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 185,866 shares of company stock worth $133,393,921. Corporate insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

Large investors have recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix in the third quarter valued at approximately $25,000. Denver PWM LLC purchased a new position in Netflix during the second quarter worth $25,000. Proffitt & Goodson Inc. raised 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 worth $32,000 after acquiring an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares in the last quarter. Finally, AlphaMark Advisors LLC boosted its stake in shares of Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 45 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

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.