Netflix (NASDAQ:NFLX) Shares Up 1.9% – Time to Buy?

Netflix, Inc. (NASDAQ:NFLX) traded up 1.9% on Monday . The company traded as high as $865.00 and last traded at $858.10. 3,563,913 shares traded hands during mid-day trading, an increase of 55% from the average session volume of 2,297,633 shares. The stock had previously closed at $842.37.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wells Fargo & Company raised their price target on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Needham & Company LLC boosted their price target on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Piper Sandler lifted their price objective on Netflix from $840.00 to $950.00 and gave the company an “overweight” rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Pivotal Research boosted their price target on shares of Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $845.06.

Netflix Stock Up 1.9 %

The company has a market cap of $366.80 billion, a P/E ratio of 48.56, a PEG ratio of 1.35 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a 50-day moving average of $884.58 and a 200 day moving average of $759.58.

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

Insider Buying and Selling

In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $772.10, for a total value of $334,319.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now owns 31,610 shares in the company, valued at approximately $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 152,198 shares of company stock worth $127,616,898 in the last ninety days. 1.76% of the stock is owned by insiders.

Institutional Trading of Netflix

Institutional investors have recently added to or reduced their stakes in the stock. AE Wealth Management LLC lifted its holdings in Netflix by 24.3% in the second quarter. AE Wealth Management LLC now owns 10,466 shares of the Internet television network’s stock valued at $7,063,000 after buying an additional 2,044 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Netflix by 17.7% in the 2nd quarter. Pacer Advisors Inc. now owns 64,556 shares of the Internet television network’s stock valued at $43,568,000 after purchasing an additional 9,700 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Netflix by 26.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 65,928 shares of the Internet television network’s stock valued at $44,493,000 after purchasing an additional 13,848 shares in the last quarter. Kowal Investment Group LLC grew its stake in Netflix by 6.3% during the second quarter. Kowal Investment Group LLC now owns 888 shares of the Internet television network’s stock worth $599,000 after purchasing an additional 53 shares during the period. Finally, Circle Wealth Management LLC increased its holdings in Netflix by 37.0% in the second quarter. Circle Wealth Management LLC now owns 5,618 shares of the Internet television network’s stock worth $3,791,000 after purchasing an additional 1,516 shares in the last quarter. 80.93% of the stock is currently owned by 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.