Netflix (NASDAQ:NFLX) Trading Up 1.9% – Should You Buy?

Netflix, Inc. (NASDAQ:NFLX) shares rose 1.9% during trading on Monday . The stock traded as high as $840.86 and last traded at $839.53. Approximately 1,577,106 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 3,648,440 shares. The stock had previously closed at $823.96.

Analyst Upgrades and Downgrades

A number of research firms have commented on NFLX. Jefferies Financial Group lifted their price objective on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Needham & Company LLC increased their price objective on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Rosenblatt Securities lifted their target price on Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Pivotal Research increased their price target on Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Piper Sandler restated an “overweight” rating and set a $840.00 price objective (up previously from $800.00) on shares of Netflix in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $758.76.

Netflix Stock Up 2.9 %

The firm has a 50-day moving average price of $743.15 and a two-hundred day moving average price of $685.41. The company has a market capitalization of $372.45 billion, a P/E ratio of 49.31, a PEG ratio of 1.59 and a beta of 1.25. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Equities research analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy M. Haley sold 647 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $800.19, for a total transaction of $517,722.93. The disclosure for this sale can be found here. Insiders have sold a total of 185,277 shares of company stock valued at $132,875,601 over the last three months. 1.76% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Netflix

Large investors have recently modified their holdings of the stock. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix during the third quarter valued at $25,000. Denver PWM LLC bought a new position in Netflix during the 2nd quarter valued at about $25,000. Proffitt & Goodson Inc. boosted its position in Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after buying an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares during the last quarter. Finally, AlphaMark Advisors LLC increased its holdings in shares of Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after buying an additional 45 shares in the last quarter. 80.93% of the stock is currently 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.