Netflix (NASDAQ:NFLX) Shares Up 2.5% – What’s Next?

Netflix, Inc. (NASDAQ:NFLX)’s stock price traded up 2.5% on Tuesday . The company traded as high as $996.90 and last traded at $995.84. 1,539,365 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 4,598,782 shares. The stock had previously closed at $971.99.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Arete Research upgraded Netflix to a “hold” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group lifted their target price on shares of Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Loop Capital upped their price target on shares of Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Finally, Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,016.78.

Netflix Stock Up 2.5 %

The stock has a market capitalization of $426.23 billion, a P/E ratio of 50.21, a PEG ratio of 2.12 and a beta of 1.38. The stock has a 50 day moving average price of $961.71 and a 200-day moving average price of $861.09. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the company earned $2.11 EPS. As a group, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Ann Mather sold 2,682 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. Insiders sold 288,103 shares of company stock valued at $279,142,041 in the last quarter. Company insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC purchased a new position in shares of Netflix in the 3rd quarter valued at approximately $25,000. Pathway Financial Advisers LLC lifted its position in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after buying an additional 14 shares during the period. Brown Shipley& Co Ltd bought a new stake in shares of Netflix during the 4th quarter valued at $27,000. Transce3nd LLC purchased a new stake in shares of Netflix in the 4th quarter worth about $32,000. Finally, Newton One Investments LLC bought a new stake in Netflix during the fourth quarter worth about $34,000. 80.93% of the stock is currently owned by 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.