Netflix (NASDAQ:NFLX) Stock Price Up 0.5% – Time to Buy?

Netflix, Inc. (NASDAQ:NFLX) shares were up 0.5% during mid-day trading on Thursday . The stock traded as high as $880.95 and last traded at $877.34. Approximately 2,575,914 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 3,668,794 shares. The stock had previously closed at $872.60.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NFLX. Pivotal Research upped their target price on shares of Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Guggenheim lifted their target price on Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft upped their price target on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Wells Fargo & Company boosted their target price on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Barclays restated an “underweight” rating and issued a $550.00 price target on shares of Netflix in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $764.82.

Netflix Price Performance

The stock has a 50 day moving average of $765.83 and a two-hundred day moving average of $696.40. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $375.03 billion, a PE ratio of 49.65, a PEG ratio of 1.67 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) 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 business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Equities analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current year.

Insider Activity at Netflix

In related news, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 4,392 shares of Netflix stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $9,490,250. This trade represents a 25.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 185,866 shares of company stock valued at $133,393,921. Company insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Netflix

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. Jacobs Levy Equity Management Inc. increased its holdings in shares of Netflix by 26.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,670 shares of the Internet television network’s stock worth $1,014,000 after buying an additional 349 shares in the last quarter. Citizens Financial Group Inc. RI increased its position in Netflix by 26.3% in the 1st quarter. Citizens Financial Group Inc. RI now owns 2,872 shares of the Internet television network’s stock valued at $1,744,000 after acquiring an additional 598 shares in the last quarter. LRI Investments LLC bought a new position in shares of Netflix in the first quarter worth about $53,000. PGGM Investments lifted its position in shares of Netflix by 55.4% during the first quarter. PGGM Investments now owns 41,421 shares of the Internet television network’s stock worth $25,156,000 after purchasing an additional 14,759 shares in the last quarter. Finally, Invst LLC grew its stake in shares of Netflix by 258.9% during the first quarter. Invst LLC now owns 3,822 shares of the Internet television network’s stock valued at $2,348,000 after purchasing an additional 2,757 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

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.