Netflix (NASDAQ:NFLX) Stock Price Up 0.3%

Shares of Netflix, Inc. (NASDAQ:NFLX) were up 0.3% during mid-day trading on Monday . The company traded as high as $636.02 and last traded at $636.02. Approximately 624,911 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 3,900,081 shares. The stock had previously closed at $633.94.

Analyst Upgrades and Downgrades

NFLX has been the topic of several research reports. Argus raised their target price on Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Citigroup boosted their target price on shares of Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Redburn Atlantic lifted their price target on shares of Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Benchmark boosted their price objective on shares of Netflix from $450.00 to $545.00 and gave the company a “sell” rating in a research report on Tuesday, July 16th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $725.00 target price on shares of Netflix in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus target price of $681.21.

Netflix Stock Performance

The company has a market capitalization of $272.88 billion, a P/E ratio of 44.14, a P/E/G ratio of 1.28 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The business has a 50-day moving average of $652.98 and a 200-day moving average of $618.88.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The firm had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. During the same period in the previous year, the company earned $3.29 EPS. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current year.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. The disclosure for this sale can be found here. In the last three months, insiders sold 95,218 shares of company stock valued at $60,687,405. Insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Netflix

Institutional investors have recently bought and sold shares of the business. Obermeyer Wood Investment Counsel Lllp grew its stake in shares of Netflix by 2.8% in the 1st quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock valued at $378,000 after buying an additional 17 shares during the period. Private Portfolio Partners LLC lifted its holdings in Netflix by 1.7% in the first quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock valued at $633,000 after acquiring an additional 17 shares during the last quarter. FAS Wealth Partners Inc. grew its position in Netflix by 1.5% in the second quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network’s stock worth $786,000 after acquiring an additional 17 shares during the period. KFA Private Wealth Group LLC increased its stake in Netflix by 1.9% during the fourth quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock worth $466,000 after acquiring an additional 18 shares during the last quarter. Finally, Legacy Capital Group California Inc. raised its position in Netflix by 0.6% in the fourth quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet television network’s stock valued at $1,379,000 after purchasing an additional 18 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

About Netflix

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.