Netflix (NASDAQ:NFLX) Shares Up 0.3% – Here’s Why

Netflix, Inc. (NASDAQ:NFLX)’s share price was up 0.3% on Thursday . The company traded as high as $753.67 and last traded at $751.80. Approximately 571,431 shares were traded during trading, a decline of 85% from the average daily volume of 3,715,996 shares. The stock had previously closed at $749.29.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NFLX. Evercore ISI boosted their target price on Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Redburn Atlantic boosted their price objective on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Piper Sandler restated an “overweight” rating and issued a $840.00 target price (up previously from $800.00) on shares of Netflix in a research note on Friday, October 18th. Bank of America increased their price target on shares of Netflix from $740.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Morgan Stanley lifted their price objective on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average target price of $747.70.

Netflix Price Performance

The company’s 50 day simple moving average is $706.67 and its 200 day simple moving average is $659.30. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $322.60 billion, a PE ratio of 42.71, a PEG ratio of 1.48 and a beta of 1.26.

Insider Activity

In other Netflix news, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the sale, the director now directly owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Netflix news, CEO Gregory K. Peters sold 4,186 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,817,500. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the completion of the transaction, the director now owns 35,262 shares in the company, valued at approximately $26,975,430. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 229,711 shares of company stock valued at $153,905,830 over the last quarter. Company insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

Institutional investors and hedge funds have recently bought and sold shares of the business. Denver PWM LLC acquired a new stake in shares of Netflix in the second quarter worth $25,000. Valued Wealth Advisors LLC boosted its position in Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 20 shares during the period. Proffitt & Goodson Inc. increased its holdings in Netflix by 380.0% in the 2nd 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. AlphaMark Advisors LLC raised its position in Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after purchasing an additional 45 shares during the period. Finally, Triad Wealth Partners LLC acquired a new position in shares of Netflix during the second quarter worth about $38,000. Institutional investors and hedge funds 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.