Netflix (NASDAQ:NFLX) Stock Price Up 2.3%

Netflix, Inc. (NASDAQ:NFLX) rose 2.3% during trading on Tuesday . The stock traded as high as $567.87 and last traded at $567.46. Approximately 1,314,456 shares were traded during trading, a decline of 71% from the average daily volume of 4,467,066 shares. The stock had previously closed at $554.60.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several recent research reports. Loop Capital boosted their price objective on Netflix from $585.00 to $700.00 and gave the company a “buy” rating in a report on Monday, March 18th. Guggenheim upped their price target on Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Evercore ISI upped their price target on Netflix from $640.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, April 19th. The Goldman Sachs Group upped their price target on Netflix from $500.00 to $565.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Finally, TD Cowen upped their price target on Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $630.58.

Netflix Stock Down 3.9 %

The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. The stock has a 50 day simple moving average of $605.56 and a 200 day simple moving average of $517.91. The firm has a market capitalization of $239.20 billion, a PE ratio of 38.52, a PEG ratio of 1.41 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company earned $2.88 EPS. As a group, sell-side analysts forecast that Netflix, Inc. will post 18.09 earnings per share for the current year.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value of $148,454.67. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $17,575,476.10. The sale was disclosed in a filing with the SEC, which is available through this link. In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at $717,379.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at $17,575,476.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 160,106 shares of company stock worth $92,729,716. 2.45% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Netflix

Several hedge funds have recently added to or reduced their stakes in NFLX. Norges Bank bought a new stake in Netflix in the fourth quarter worth $2,558,598,000. Wellington Management Group LLP raised its stake in shares of Netflix by 540.9% in the fourth quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock worth $1,888,503,000 after purchasing an additional 3,273,592 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Netflix by 15,039.1% in the fourth quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock worth $1,010,553,000 after purchasing an additional 2,061,859 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Netflix by 40.6% in the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after purchasing an additional 1,573,978 shares during the last quarter. Finally, Global Assets Advisory LLC purchased a new position in shares of Netflix in the first quarter worth $436,514,000. 80.93% of the stock is owned by 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.