Netflix (NASDAQ:NFLX) Shares Up 1.4% – Here’s What Happened

Netflix, Inc. (NASDAQ:NFLX) shares were up 1.4% during mid-day trading on Monday . The company traded as high as $1,064.50 and last traded at $1,058.60. Approximately 3,142,383 shares were traded during trading, a decline of 33% from the average daily volume of 4,673,093 shares. The stock had previously closed at $1,043.69.

Analyst Upgrades and Downgrades

NFLX has been the topic of several research reports. KeyCorp raised their price objective on Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Citigroup upped their target price on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Arete Research upgraded shares of Netflix to a “hold” rating in a research report on Thursday, January 23rd. StockNews.com lowered shares of Netflix from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Loop Capital increased their target price on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Price Performance

The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock’s 50-day moving average is $934.75 and its 200 day moving average is $812.56. The stock has a market capitalization of $446.29 billion, a PE ratio of 52.61, a P/E/G ratio of 2.19 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the company posted $2.11 earnings per share. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity at Netflix

In other news, CAO Jeffrey William Karbowski sold 480 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $13,338,500. This represents a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 303,220 shares of company stock worth $289,856,164. 1.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NFLX. Cache Advisors LLC bought a new stake in Netflix during the fourth quarter valued at $1,920,000. GF Fund Management CO. LTD. purchased a new stake in shares of Netflix during the fourth quarter valued at approximately $72,209,000. Parr Mcknight Wealth Management Group LLC bought a new position in shares of Netflix during the 4th quarter valued at approximately $2,460,000. Wick Capital Partners LLC raised its stake in Netflix by 17.8% in the 4th quarter. Wick Capital Partners LLC now owns 364 shares of the Internet television network’s stock valued at $324,000 after acquiring an additional 55 shares during the period. Finally, Vega Investment Solutions bought a new stake in shares of Netflix during the 4th quarter valued at $217,000. 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.