Netflix (NASDAQ:NFLX) Trading 0.2% Higher Following Analyst Upgrade

Netflix, Inc. (NASDAQ:NFLX) shot up 0.2% during trading on Tuesday after Oppenheimer raised their price target on the stock from $825.00 to $1,065.00. Oppenheimer currently has an outperform rating on the stock. Netflix traded as high as $928.45 and last traded at $922.88. 687,538 shares changed hands during trading, a decline of 81% from the average session volume of 3,607,365 shares. The stock had previously closed at $921.08.

Several other analysts also recently commented on NFLX. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Jefferies Financial Group raised their price target on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Macquarie reaffirmed an “outperform” rating and issued a $795.00 price objective on shares of Netflix in a research note on Friday, October 18th. TD Cowen increased their target price on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, StockNews.com cut Netflix from a “buy” rating to a “hold” rating in a report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $801.18.

Insider Buying and Selling

In other Netflix news, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the transaction, the chairman now directly owns 114 shares in the company, valued at approximately $102,212.40. This represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 164,977 shares of company stock worth $129,317,467 over the last three months. 1.76% of the stock is owned by insiders.

Institutional Trading of Netflix

A number of hedge funds and other institutional investors have recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix in the third quarter worth about $25,000. Denver PWM LLC purchased a new stake in Netflix in the 2nd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of Netflix during the third quarter worth approximately $37,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Netflix during the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 3.2 %

The stock has a market cap of $380.25 billion, a PE ratio of 50.34, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The business has a fifty day moving average of $825.60 and a 200-day moving average of $725.33. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Equities research analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current year.

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.