Netflix (NASDAQ:NFLX) Stock Price Up 0.1% After Analyst Upgrade

Netflix, Inc. (NASDAQ:NFLX)’s share price rose 0.1% during mid-day trading on Monday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $525.00 to $550.00. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Netflix traded as high as $630.17 and last traded at $623.76. Approximately 691,953 shares were traded during trading, a decline of 84% from the average daily volume of 4,231,362 shares. The stock had previously closed at $622.83.

A number of other brokerages have also issued reports on NFLX. Sanford C. Bernstein boosted their target price on Netflix from $390.00 to $490.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 24th. Loop Capital upped their price target on Netflix from $585.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, March 18th. KeyCorp upped their price target on Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Finally, Morgan Stanley upped their price target on Netflix from $600.00 to $700.00 and gave the company an “overweight” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $597.73.

Insider Buying and Selling

In related news, insider David A. Hyman sold 47,574 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $17,003,651.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Hyman sold 47,574 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total value of $25,591,006.08. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $17,003,651.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 268,335 shares of company stock valued at $151,619,811. Insiders own 2.45% of the company’s stock.

Hedge Funds Weigh In On Netflix

Several large investors have recently added to or reduced their stakes in NFLX. Fairfield Bush & CO. raised its holdings in Netflix by 26.5% in the 1st quarter. Fairfield Bush & CO. now owns 2,446 shares of the Internet television network’s stock valued at $916,000 after acquiring an additional 512 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Netflix by 21.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 480,044 shares of the Internet television network’s stock valued at $179,820,000 after acquiring an additional 84,179 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Netflix by 14.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,922 shares of the Internet television network’s stock valued at $1,094,000 after acquiring an additional 363 shares in the last quarter. Candriam Luxembourg S.C.A. raised its holdings in Netflix by 6.9% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 36,336 shares of the Internet television network’s stock valued at $13,610,000 after acquiring an additional 2,358 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in Netflix by 13.1% in the 1st quarter. Brown Brothers Harriman & Co. now owns 3,808 shares of the Internet television network’s stock valued at $1,426,000 after acquiring an additional 441 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. The stock has a fifty day moving average price of $602.41 and a 200-day moving average price of $508.76. The firm has a market capitalization of $262.75 billion, a price-to-earnings ratio of 50.55, a PEG ratio of 1.69 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $8.72 billion. During the same period in the previous year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, analysts anticipate that Netflix, Inc. will post 17.02 earnings per share for the current fiscal 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.