Netflix (NASDAQ:NFLX) Trading 1.2% Higher – What’s Next?

Netflix, Inc. (NASDAQ:NFLX)’s stock price was up 1.2% on Thursday . The stock traded as high as $1,040.30 and last traded at $1,039.70. Approximately 949,249 shares were traded during trading, a decline of 77% from the average daily volume of 4,182,511 shares. The stock had previously closed at $1,027.31.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NFLX shares. Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Guggenheim lifted their price objective on Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. UBS Group lifted their price objective on Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Finally, Piper Sandler reissued an “overweight” rating and issued a $1,100.00 target price (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Stock Up 1.1 %

The firm has a market capitalization of $444.31 billion, a PE ratio of 52.38, a PEG ratio of 2.11 and a beta of 1.27. The company has a fifty day simple moving average of $924.40 and a two-hundred day simple moving average of $799.32. 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 issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the prior year, the business earned $2.11 EPS. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. Analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 303,809 shares of company stock worth $290,374,484. 1.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NFLX. West Michigan Advisors LLC lifted its holdings in shares of Netflix by 1.3% in the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock valued at $692,000 after purchasing an additional 10 shares during the last quarter. Warwick Investment Management Inc. lifted its holdings in shares of Netflix by 3.5% in the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock valued at $266,000 after purchasing an additional 10 shares during the last quarter. MRP Capital Investments LLC lifted its holdings in shares of Netflix by 1.0% in the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network’s stock valued at $938,000 after purchasing an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC lifted its holdings in shares of Netflix by 2.2% in the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network’s stock valued at $412,000 after purchasing an additional 10 shares during the last quarter. Finally, Enzi Wealth lifted its holdings in shares of Netflix by 3.4% in the 4th quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock valued at $316,000 after purchasing an additional 11 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

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.