Netflix (NASDAQ:NFLX) Trading 1.7% Higher – What’s Next?

Netflix, Inc. (NASDAQ:NFLX) was up 1.7% during mid-day trading on Tuesday . The company traded as high as $1,008.00 and last traded at $995.97. Approximately 2,526,814 shares traded hands during trading, a decline of 42% from the average daily volume of 4,368,789 shares. The stock had previously closed at $978.94.

Analyst Ratings Changes

A number of brokerages recently issued reports on NFLX. KeyCorp upped their price target on Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Wells Fargo & Company upped their target price on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a report on Friday, October 18th. StockNews.com lowered shares of Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday. Pivotal Research upped their price objective on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, Oppenheimer lifted their target price on Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Trading Up 0.5 %

The firm has a fifty day moving average of $912.05 and a 200 day moving average of $786.03. The firm has a market capitalization of $434.47 billion, a PE ratio of 51.22, a P/E/G ratio of 2.02 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

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

Insider Activity

In related news, Director Timothy M. Haley sold 647 shares of Netflix stock in a transaction on Monday, November 11th. The shares were sold at an average price of $800.19, for a total value of $517,722.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders sold 291,585 shares of company stock worth $277,777,833 over the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NFLX. Vestmark Advisory Solutions Inc. increased its holdings in shares of Netflix by 6.7% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 7,126 shares of the Internet television network’s stock valued at $6,352,000 after acquiring an additional 447 shares during the last quarter. Freestone Capital Holdings LLC boosted its holdings in shares of Netflix by 1.0% in the 4th quarter. Freestone Capital Holdings LLC now owns 8,793 shares of the Internet television network’s stock valued at $7,838,000 after buying an additional 86 shares during the period. Opulen Financial Group LLC bought a new stake in shares of Netflix during the 4th quarter valued at about $267,000. Ethos Financial Group LLC raised its stake in Netflix by 4.9% during the fourth quarter. Ethos Financial Group LLC now owns 472 shares of the Internet television network’s stock worth $421,000 after acquiring an additional 22 shares during the period. Finally, Lindbrook Capital LLC boosted its stake in Netflix by 1.7% in the fourth quarter. Lindbrook Capital LLC now owns 3,030 shares of the Internet television network’s stock valued at $2,700,000 after acquiring an additional 51 shares during the period. 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.