Netflix (NASDAQ:NFLX) Sets New 1-Year High – Still a Buy?

Netflix, Inc. (NASDAQ:NFLX) reached a new 52-week high on Monday . The stock traded as high as $1,030.73 and last traded at $1,029.43, with a volume of 1122287 shares changing hands. The stock had previously closed at $1,013.93.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group raised their price objective on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Needham & Company LLC lifted their target price on Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Jefferies Financial Group lifted their target price on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. JPMorgan Chase & Co. boosted their price objective on Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Robert W. Baird boosted their price objective on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research note 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Trading Up 1.9 %

The firm has a market cap of $439.44 billion, a PE ratio of 51.81, a P/E/G ratio of 2.11 and a beta of 1.27. The firm has a 50 day moving average of $922.08 and a 200 day moving average of $797.72. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

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

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 4,939 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the transaction, the chief executive officer now owns 12,950 shares of the company’s stock, valued at approximately $13,338,500. This represents a 27.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ann Mather sold 2,682 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The disclosure for this sale can be found here. Insiders have sold a total of 303,809 shares of company stock worth $290,374,484 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Meeder Advisory Services Inc. grew its stake in shares of Netflix by 7.7% during the fourth quarter. Meeder Advisory Services Inc. now owns 9,917 shares of the Internet television network’s stock valued at $8,839,000 after buying an additional 706 shares during the last quarter. Potomac Fund Management Inc. ADV purchased a new stake in shares of Netflix during the fourth quarter worth about $295,000. Discovery Capital Management LLC CT boosted its holdings in shares of Netflix by 21.5% during the fourth quarter. Discovery Capital Management LLC CT now owns 17,500 shares of the Internet television network’s stock worth $15,598,000 after purchasing an additional 3,100 shares during the period. Groupama Asset Managment boosted its holdings in shares of Netflix by 1,117.1% during the fourth quarter. Groupama Asset Managment now owns 6,195 shares of the Internet television network’s stock worth $5,578,000 after purchasing an additional 5,686 shares during the period. Finally, Alliance Wealth Management Group purchased a new stake in shares of Netflix during the fourth quarter worth about $205,000. 80.93% of the stock is 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.