Netflix (NASDAQ:NFLX) Shares Up 0.2% After Analyst Upgrade

Netflix, Inc. (NASDAQ:NFLXGet Free Report)’s share price was up 0.2% during trading on Tuesday after Citigroup raised their price target on the stock from $555.00 to $660.00. Citigroup currently has a neutral rating on the stock. Netflix traded as high as $628.64 and last traded at $628.62. Approximately 742,743 shares traded hands during trading, a decline of 84% from the average daily volume of 4,563,997 shares. The stock had previously closed at $627.46.

Several other equities analysts have also recently issued reports on NFLX. Wedbush boosted their target price on shares of Netflix from $525.00 to $615.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Canaccord Genuity Group raised their target price on Netflix from $575.00 to $625.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Barclays lifted their price target on Netflix from $375.00 to $475.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. KeyCorp increased their price target on Netflix from $580.00 to $705.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Finally, TD Cowen boosted their price objective on Netflix from $565.00 to $600.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $579.85.

Get Our Latest Stock Analysis on Netflix

Insiders Place Their Bets

In other news, Chairman Reed Hastings sold 25,998 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $470.51, for a total value of $12,232,318.98. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Gregory K. Peters sold 13,655 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $543.80, for a total transaction of $7,425,589.00. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $7,118,342. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 25,998 shares of Netflix stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $470.51, for a total value of $12,232,318.98. The disclosure for this sale can be found here. Insiders sold a total of 273,767 shares of company stock valued at $151,298,232 over the last 90 days. 2.45% of the stock is owned by company insiders.

Institutional Investors Weigh In On Netflix

Large investors have recently bought and sold shares of the stock. Authentikos Wealth Advisory LLC acquired a new stake in Netflix in the third quarter valued at approximately $25,000. Spartan Planning & Wealth Management acquired a new stake in shares of Netflix in the 3rd quarter valued at $26,000. Carmel Capital Partners LLC grew its stake in shares of Netflix by 290.0% during the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 58 shares in the last quarter. VitalStone Financial LLC grew its stake in shares of Netflix by 933.3% during the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 56 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC raised its stake in Netflix by 1,550.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after buying an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

The company has a market capitalization of $272.31 billion, a price-to-earnings ratio of 52.39, a PEG ratio of 1.70 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 simple moving average of $576.19 and a two-hundred day simple moving average of $485.50.

Netflix (NASDAQ:NFLXGet Free Report) last posted its earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.09). The business had revenue of $8.83 billion for the quarter, compared to analysts’ expectations of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. Netflix’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 EPS. As a group, analysts anticipate that Netflix, Inc. will post 17.01 earnings per share for the current year.

About Netflix

(Get Free Report)

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.

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