Netflix, Inc. (NASDAQ:NFLX – Get Free Report)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $621.00 and last traded at $621.00, with a volume of 33081 shares. The stock had previously closed at $619.34.
Wall Street Analysts Forecast Growth
NFLX has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lowered Netflix from a “buy” rating to a “hold” rating and raised their target price for the stock from $460.00 to $525.00 in a report on Wednesday, January 24th. Wedbush raised their price objective on Netflix from $525.00 to $615.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Wells Fargo & Company raised their price objective on Netflix from $460.00 to $650.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Macquarie raised Netflix from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $410.00 to $595.00 in a report on Wednesday, January 24th. Finally, DZ Bank raised Netflix from a “hold” rating to a “buy” rating and set a $600.00 price objective on the stock in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $556.82.
Netflix Price Performance
The firm has a market capitalization of $267.58 billion, a price-to-earnings ratio of 51.57, a PEG ratio of 1.68 and a beta of 1.22. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a 50 day moving average price of $534.84 and a two-hundred day moving average price of $464.39.
Netflix (NASDAQ:NFLX – Get Free Report) last released its earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). Netflix had a return on equity of 24.76% and a net margin of 16.04%. The company had revenue of $8.83 billion for the quarter, compared to analyst estimates of $8.72 billion. During the same period in the previous year, the firm earned $0.12 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, analysts expect that Netflix, Inc. will post 17.03 EPS for the current year.
Insider Buying and Selling
In other Netflix news, CEO Gregory K. Peters sold 5,821 shares of Netflix stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total transaction of $3,492,600.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $7,854,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Netflix news, CEO Gregory K. Peters sold 5,821 shares of Netflix stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total transaction of $3,492,600.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $7,854,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Barton sold 6,842 shares of Netflix stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $459.36, for a total value of $3,142,941.12. Following the sale, the director now directly owns 152 shares of the company’s stock, valued at $69,822.72. The disclosure for this sale can be found here. Insiders sold 286,351 shares of company stock valued at $154,486,891 in the last three months. 2.45% of the stock is owned by corporate insiders.
Institutional Trading of Netflix
Several institutional investors and hedge funds have recently made changes to their positions in NFLX. Norges Bank purchased a new stake in shares of Netflix in the 4th quarter valued at about $2,558,598,000. Moneta Group Investment Advisors LLC raised its stake in Netflix by 117,939.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,742,048 shares of the Internet television network’s stock valued at $808,575,000 after acquiring an additional 2,739,725 shares during the last quarter. International Assets Investment Management LLC raised its stake in Netflix by 15,039.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock valued at $1,010,553,000 after acquiring an additional 2,061,859 shares during the last quarter. Jennison Associates LLC raised its stake in Netflix by 40.6% during the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after acquiring an additional 1,573,978 shares during the last quarter. Finally, BlackRock Inc. raised its stake in Netflix by 4.3% during the 2nd quarter. BlackRock Inc. now owns 29,911,686 shares of the Internet television network’s stock valued at $13,175,799,000 after acquiring an additional 1,240,512 shares during the last quarter. 79.95% of the stock is owned by hedge funds and other institutional investors.
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.