Netflix (NASDAQ:NFLX) Shares Up 0.2% – Still a Buy?

Netflix, Inc. (NASDAQ:NFLX) rose 0.2% during trading on Thursday . The company traded as high as $1,013.48 and last traded at $1,013.20. Approximately 1,048,737 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 4,374,702 shares. The stock had previously closed at $1,011.11.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NFLX shares. Argus upped their price target on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Wells Fargo & Company upped their price target on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and upped their price target for the stock from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Loop Capital upped their price target on Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $1,175.00 price objective (up from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Ten investment 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Stock Down 0.3 %

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 company has a market cap of $431.29 billion, a PE ratio of 50.83, a P/E/G ratio of 2.02 and a beta of 1.27. The stock has a 50-day moving average of $912.05 and a 200-day moving average of $786.03.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (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 company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the business posted $2.11 earnings per share. The firm’s revenue was up 16.0% compared to the same quarter last year. Sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Netflix news, Director Timothy M. Haley sold 647 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $800.19, for a total transaction of $517,722.93. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 291,585 shares of company stock worth $277,777,833. Corporate insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

A number of hedge funds and other institutional investors have recently modified their holdings of NFLX. AMF Tjanstepension AB raised its position in Netflix by 7.4% during the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after purchasing an additional 4,701 shares during the last quarter. Czech National Bank raised its position in Netflix by 6.5% during the 3rd quarter. Czech National Bank now owns 87,425 shares of the Internet television network’s stock valued at $62,008,000 after purchasing an additional 5,312 shares during the last quarter. City Holding Co. raised its position in Netflix by 2,141.4% during the 3rd quarter. City Holding Co. now owns 2,219 shares of the Internet television network’s stock valued at $1,574,000 after purchasing an additional 2,120 shares during the last quarter. Brookstone Capital Management raised its position in Netflix by 6.4% during the 3rd quarter. Brookstone Capital Management now owns 7,486 shares of the Internet television network’s stock valued at $5,310,000 after purchasing an additional 447 shares during the last quarter. Finally, Talbot Financial LLC raised its position in Netflix by 5.2% during the 3rd quarter. Talbot Financial LLC now owns 16,264 shares of the Internet television network’s stock valued at $11,536,000 after purchasing an additional 808 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

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.