Netflix (NASDAQ:NFLX) Stock Price Up 0.5% – Time to Buy?

Netflix, Inc. (NASDAQ:NFLX)’s share price shot up 0.5% on Wednesday . The company traded as high as $773.00 and last traded at $767.94. 1,010,869 shares traded hands during trading, a decline of 72% from the average session volume of 3,673,484 shares. The stock had previously closed at $763.91.

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent analyst reports. Loop Capital raised their target price on Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Macquarie reaffirmed an “outperform” rating and set a $795.00 price target on shares of Netflix in a research report on Friday, October 18th. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. Evercore ISI upped their price target on Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Finally, Oppenheimer upped their price target on Netflix from $775.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $748.15.

Netflix Stock Up 2.1 %

The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market cap of $333.51 billion, a PE ratio of 44.15, a PEG ratio of 1.46 and a beta of 1.25. The company’s 50 day moving average price is $717.59 and its two-hundred day moving average price is $667.98.

Insider Buying and Selling at Netflix

In related news, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 242,545 shares of company stock valued at $170,225,596. Company insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Denver PWM LLC purchased a new position in shares of Netflix during the second quarter worth approximately $25,000. Proffitt & Goodson Inc. increased its holdings in Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 38 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its position in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares in the last quarter. AlphaMark Advisors LLC lifted its holdings in shares of Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after buying an additional 45 shares during the period. Finally, Triad Wealth Partners LLC purchased a new position in shares of Netflix during the second quarter valued at $38,000. Hedge funds and other 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.