Netflix (NASDAQ:NFLX) Stock Price Up 0%

Netflix, Inc. (NASDAQ:NFLX)’s share price rose 0% during mid-day trading on Thursday . The company traded as high as $558.89 and last traded at $555.31. Approximately 1,182,001 shares traded hands during trading, a decline of 74% from the average daily volume of 4,484,370 shares. The stock had previously closed at $555.12.

Analysts Set New Price Targets

NFLX has been the subject of a number of recent analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $713.00 target price (up previously from $638.00) on shares of Netflix in a research report on Wednesday, April 17th. Robert W. Baird increased their price objective on Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Guggenheim upped their target price on Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Benchmark restated a “sell” rating and issued a $440.00 target price on shares of Netflix in a research note on Thursday, April 18th. Finally, Bank of America upped their target price on Netflix from $650.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, April 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $630.58.

Netflix Price Performance

The company has a 50 day moving average price of $605.56 and a 200 day moving average price of $517.91. The company has a market capitalization of $243.37 billion, a P/E ratio of 39.13, a P/E/G ratio of 1.41 and a beta of 1.22. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.77. The business had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.88 EPS. On average, equities analysts predict that Netflix, Inc. will post 18.09 EPS for the current fiscal year.

Insider Activity

In other Netflix news, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the transaction, the chairman now owns 28 shares of the company’s stock, valued at approximately $17,091.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Netflix news, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the transaction, the chairman now owns 28 shares of the company’s stock, valued at approximately $17,091.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The disclosure for this sale can be found here. In the last three months, insiders sold 160,106 shares of company stock worth $92,729,716. 2.45% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Netflix

Several institutional investors and hedge funds have recently made changes to their positions in NFLX. Strategy Asset Managers LLC purchased a new stake in shares of Netflix in the first quarter worth approximately $1,022,000. Equitable Trust Co. raised its stake in shares of Netflix by 12.6% in the first quarter. Equitable Trust Co. now owns 2,042 shares of the Internet television network’s stock worth $1,240,000 after purchasing an additional 229 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Netflix by 2.7% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 69,186 shares of the Internet television network’s stock worth $42,019,000 after purchasing an additional 1,800 shares during the last quarter. Aaron Wealth Advisors LLC raised its stake in shares of Netflix by 37.1% in the first quarter. Aaron Wealth Advisors LLC now owns 1,790 shares of the Internet television network’s stock worth $1,087,000 after purchasing an additional 484 shares during the last quarter. Finally, Eudaimonia Advisors LLC purchased a new stake in shares of Netflix in the first quarter worth approximately $208,000. Institutional investors own 80.93% of the company’s stock.

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.