Netflix (NASDAQ:NFLX) Shares Up 0.8% After Analyst Upgrade

Netflix, Inc. (NASDAQ:NFLXGet Free Report)’s share price shot up 0.8% during mid-day trading on Monday after Benchmark raised their price target on the stock from $440.00 to $450.00. Benchmark currently has a sell rating on the stock. Netflix traded as high as $627.79 and last traded at $625.95. 918,394 shares traded hands during trading, a decline of 79% from the average session volume of 4,277,509 shares. The stock had previously closed at $621.10.

Several other equities research analysts have also issued reports on NFLX. Needham & Company LLC reiterated a “buy” rating and set a $700.00 target price on shares of Netflix in a research report on Friday, May 17th. Jefferies Financial Group reiterated a “buy” rating and set a $655.00 target price on shares of Netflix in a research report on Wednesday, May 15th. Barclays lifted their target price on shares of Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Pivotal Research boosted their price objective on shares of Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Finally, Macquarie boosted their price objective on shares of Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $630.53.

Check Out Our Latest Stock Analysis on Netflix

Insider Buying and Selling

In related news, Director Ann Mather sold 3,673 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total value of $2,203,800.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Netflix news, Director Ann Mather sold 3,673 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $2,203,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 564 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $613.08, for a total transaction of $345,777.12. The disclosure for this sale can be found here. Insiders have sold a total of 78,039 shares of company stock worth $46,401,083 in the last quarter. Corporate insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Netflix

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Valued Wealth Advisors LLC lifted its stake in shares of Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 20 shares during the period. Indiana Trust & Investment Management CO lifted its stake in shares of Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 28 shares during the period. VitalStone Financial LLC lifted its stake in shares of Netflix by 933.3% in the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 56 shares during the period. Scarborough Advisors LLC bought a new position in shares of Netflix in the 4th quarter worth approximately $32,000. Finally, Authentikos Wealth Advisory LLC bought a new position in shares of Netflix in the 3rd quarter worth approximately $25,000. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 1.5 %

The company’s 50 day moving average price is $605.71 and its two-hundred day moving average price is $546.17. The stock has a market cap of $280.41 billion, a P/E ratio of 45.15, a PEG ratio of 1.50 and a beta of 1.23. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLXGet Free Report) last released its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.88 EPS. Equities analysts forecast that Netflix, Inc. will post 18.3 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.

See Also

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.