Netflix (NASDAQ:NFLX) Stock Price Up 1.1% – What’s Next?

Netflix, Inc. (NASDAQ:NFLX)’s stock price shot up 1.1% on Tuesday . The stock traded as high as $871.00 and last traded at $867.66. 1,874,615 shares were traded during trading, a decline of 39% from the average session volume of 3,077,705 shares. The stock had previously closed at $858.10.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NFLX. Jefferies Financial Group lifted their price objective on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Bank of America lifted their price target on Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Wells Fargo & Company raised their price objective on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Wedbush reiterated an “outperform” rating and issued a $950.00 target price (up from $800.00) on shares of Netflix in a research note on Monday, November 18th. Finally, Barclays increased their price target on shares of Netflix from $550.00 to $715.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $845.06.

Netflix Trading Up 0.9 %

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 firm has a market cap of $370.08 billion, a price-to-earnings ratio of 48.98, a P/E/G ratio of 1.40 and a beta of 1.27. The company’s 50-day moving average is $885.64 and its 200-day moving average is $760.81.

Insiders Place Their Bets

In related news, insider David A. Hyman sold 267 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard N. Barton sold 5,698 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the sale, the director now owns 246 shares of the company’s stock, valued at $185,976. The trade was a 95.86 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 152,198 shares of company stock valued at $127,616,898. 1.76% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix during the third quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of 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 in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in Netflix in the 3rd quarter valued at approximately $37,000. FSA Wealth Management LLC bought a new stake in Netflix in the 3rd quarter valued at approximately $38,000. Finally, First Personal Financial Services acquired a new position in Netflix during the 3rd quarter worth approximately $40,000. Institutional investors 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.