Netflix (NASDAQ:NFLX) Trading 0% Higher

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NFLX shares. Barclays raised their price target on Netflix from $475.00 to $550.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Morgan Stanley raised their price target on Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Macquarie raised their target price on Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. UBS Group raised their target price on Netflix from $570.00 to $685.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. raised their target price on Netflix from $610.00 to $650.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. One 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $630.58.

Netflix Trading Down 0.6 %

The stock has a market cap of $241.83 billion, a PE ratio of 38.95, a price-to-earnings-growth ratio of 1.38 and a beta of 1.22. The stock has a 50-day moving average price of $604.54 and a two-hundred day moving average price of $519.46. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.12.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the business posted $2.88 earnings per share. Sell-side analysts forecast that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 20,566 shares of Netflix stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the transaction, the chairman now owns 28 shares in the company, valued at $17,091.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Netflix news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $17,575,476.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the transaction, the chairman now owns 28 shares of the company’s stock, valued at approximately $17,091.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 154,573 shares of company stock worth $89,548,241. Corporate insiders own 2.45% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Capital World Investors boosted its position in shares of Netflix by 0.7% during the fourth quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock valued at $5,718,265,000 after buying an additional 78,320 shares during the period. Jennison Associates LLC boosted its position in shares of Netflix by 40.6% during the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after buying an additional 1,573,978 shares during the period. Norges Bank purchased a new position in shares of Netflix during the fourth quarter valued at approximately $2,558,598,000. Northern Trust Corp boosted its position in shares of Netflix by 2.1% during the third quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock valued at $1,749,712,000 after buying an additional 96,938 shares during the period. Finally, Fisher Asset Management LLC boosted its position in shares of Netflix by 1.9% during the fourth quarter. Fisher Asset Management LLC now owns 4,121,104 shares of the Internet television network’s stock valued at $2,006,483,000 after buying an additional 78,298 shares during the period. Hedge funds and other 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.