Netflix (NASDAQ:NFLX) Trading Up 1%

Netflix, Inc. (NASDAQ:NFLX) rose 1% on Monday . The company traded as high as $712.25 and last traded at $708.11. Approximately 989,987 shares changed hands during trading, a decline of 73% from the average daily volume of 3,723,250 shares. The stock had previously closed at $701.03.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NFLX. Needham & Company LLC reissued a “buy” rating and set a $700.00 price target on shares of Netflix in a research report on Friday, July 19th. JPMorgan Chase & Co. boosted their price target on shares of Netflix from $650.00 to $750.00 and gave the company an “overweight” rating in a report on Friday, July 12th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. KeyCorp upped their target price on Netflix from $707.00 to $735.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Finally, Bank of America lifted their price target on Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $685.29.

Netflix Stock Up 0.8 %

The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $304.54 billion, a price-to-earnings ratio of 49.14, a PEG ratio of 1.40 and a beta of 1.26. The business’s 50 day moving average price is $663.00 and its 200 day moving average price is $641.15.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating the consensus estimate of $4.74 by $0.14. The company had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The firm’s revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the business earned $3.29 earnings per share. On average, equities analysts forecast that Netflix, Inc. will post 19.08 EPS for the current year.

Insider Buying and Selling

In other news, Director Leslie J. Kilgore sold 428 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $715.00, for a total transaction of $306,020.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Netflix news, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Leslie J. Kilgore sold 428 shares of Netflix stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $715.00, for a total value of $306,020.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 197,226 shares of company stock worth $129,858,692. 1.76% of the stock is owned by insiders.

Hedge Funds Weigh In On Netflix

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Heartland Bank & Trust Co increased its stake in Netflix by 0.9% during the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock worth $1,195,000 after buying an additional 15 shares during the period. Obermeyer Wood Investment Counsel Lllp boosted its holdings in Netflix by 2.8% in the first quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock valued at $378,000 after purchasing an additional 17 shares during the period. Private Portfolio Partners LLC grew its stake in Netflix by 1.7% during the 1st quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock worth $633,000 after purchasing an additional 17 shares in the last quarter. FAS Wealth Partners Inc. increased its holdings in Netflix by 1.5% during the 2nd quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network’s stock worth $786,000 after purchasing an additional 17 shares during the period. Finally, Clear Point Advisors Inc. increased its holdings in Netflix by 3.9% during the 2nd quarter. Clear Point Advisors Inc. now owns 449 shares of the Internet television network’s stock worth $303,000 after purchasing an additional 17 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

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.