Netflix (NASDAQ:NFLX) Trading 0% Higher

Netflix, Inc. (NASDAQ:NFLX) shares traded up 0% during mid-day trading on Thursday . The stock traded as high as $558.89 and last traded at $555.31. 1,182,001 shares were traded during mid-day trading, a decline of 74% from the average session volume of 4,484,370 shares. The stock had previously closed at $555.12.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Citigroup boosted their price target on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a research note on Monday, March 25th. Piper Sandler upped their target price on Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. BMO Capital Markets reiterated an “outperform” rating and set a $713.00 target price (up from $638.00) on shares of Netflix in a research report on Wednesday, April 17th. Robert W. Baird upped their target price on Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Finally, Sanford C. Bernstein upped their target price on Netflix from $490.00 to $600.00 and gave the company a “market perform” rating in a research report on Friday, April 19th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $630.58.

Netflix Trading Down 0.6 %

The firm has a market cap of $241.83 billion, a price-to-earnings ratio of 38.95, a PEG ratio of 1.38 and a beta of 1.22. The business has a fifty day simple moving average of $604.54 and a 200-day simple moving average of $519.46. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.07.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.88 earnings per share. As a group, equities analysts forecast that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Ann Mather sold 3,673 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Ann Mather sold 3,673 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total transaction of $2,203,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 267 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the sale, the insider now owns 31,610 shares in the company, valued at approximately $17,575,476.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 154,573 shares of company stock valued at $89,548,241. Company insiders own 2.45% of the company’s stock.

Institutional Investors Weigh In On Netflix

Institutional investors and hedge funds have recently made changes to their positions in the business. Vigilare Wealth Management bought a new position in Netflix in the first quarter worth approximately $203,000. Signature Wealth Management Partners LLC purchased a new stake in shares of Netflix in the first quarter worth approximately $226,000. K.J. Harrison & Partners Inc raised its stake in shares of Netflix by 487.8% in the first quarter. K.J. Harrison & Partners Inc now owns 6,025 shares of the Internet television network’s stock worth $3,659,000 after purchasing an additional 5,000 shares during the last quarter. Austin Asset Management Co Inc purchased a new stake in shares of Netflix in the first quarter worth approximately $217,000. Finally, BLB&B Advisors LLC raised its stake in shares of Netflix by 1.6% in the first quarter. BLB&B Advisors LLC now owns 1,345 shares of the Internet television network’s stock worth $817,000 after purchasing an additional 21 shares during the last quarter. 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.