Netflix (NASDAQ:NFLX) Stock Price Up 0.3% on Analyst Upgrade

Shares of Netflix, Inc. (NASDAQ:NFLX) were up 0.3% on Tuesday after Guggenheim raised their price target on the stock from $810.00 to $825.00. Guggenheim currently has a buy rating on the stock. Netflix traded as high as $755.73 and last traded at $751.68. Approximately 444,598 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 3,701,881 shares. The stock had previously closed at $749.12.

A number of other analysts have also weighed in on NFLX. Redburn Atlantic increased their target price on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. KeyCorp raised their price target on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Argus raised their price target on Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Needham & Company LLC raised their price target on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, TD Cowen lifted their target price on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $748.15.

Insider Buying and Selling

In other Netflix news, Director Richard N. Barton sold 5,698 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the completion of the transaction, the director now directly owns 246 shares of the company’s stock, valued at approximately $185,976. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Richard N. Barton sold 5,698 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the completion of the sale, the director now directly owns 246 shares in the company, valued at $185,976. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory K. Peters sold 4,186 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $750.00, for a total value of $3,139,500.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $9,817,500. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 209,810 shares of company stock valued at $142,049,542 over the last quarter. 1.76% of the stock is currently owned by company insiders.

Institutional Trading of Netflix

Several large investors have recently made changes to their positions in NFLX. International Assets Investment Management LLC increased its stake in shares of Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after acquiring an additional 5,748,200 shares during the last quarter. GQG Partners LLC purchased a new position in shares of Netflix during the 1st quarter worth $1,450,476,000. Jennison Associates LLC grew its holdings in shares of Netflix by 17.0% during the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after purchasing an additional 929,193 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Netflix by 154.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after purchasing an additional 642,920 shares during the period. Finally, Jericho Capital Asset Management L.P. purchased a new position in shares of Netflix during the 1st quarter worth $372,293,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Trading Down 0.8 %

The firm has a market capitalization of $322.19 billion, a PE ratio of 42.66, a PEG ratio of 1.45 and a beta of 1.26. 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 business has a fifty day moving average price of $710.23 and a two-hundred day moving average price of $662.33.

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.