Netflix, Inc. (NASDAQ:NFLX - Get Free Report) Director Jay C. Hoag sold 617 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total value of $604,481.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
NFLX traded down $7.27 on Friday, reaching $977.59. The company had a trading volume of 4,539,765 shares, compared to its average volume of 4,789,797. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $999.00. The company's fifty day moving average is $892.06 and its 200 day moving average is $764.95. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. The stock has a market cap of $417.88 billion, a P/E ratio of 49.30, a P/E/G ratio of 1.53 and a beta of 1.27.
Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10,141,900 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.11 earnings per share. As a group, analysts predict that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.
Several research analysts have recently weighed in on NFLX shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Netflix from $650.00 to $875.00 and gave the stock a "hold" rating in a research report on Wednesday. KeyCorp increased their target price on Netflix from $1,000.00 to $1,100.00 and gave the company an "overweight" rating in a report on Wednesday. Wedbush reissued an "outperform" rating and set a $1,150.00 price target (up from $950.00) on shares of Netflix in a research report on Wednesday. Benchmark raised shares of Netflix from a "sell" rating to a "hold" rating in a research report on Wednesday. Finally, Jefferies Financial Group upped their price objective on shares of Netflix from $780.00 to $800.00 and gave the company a "buy" rating in a research note on Friday, October 18th. Nine research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,009.29.
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Several institutional investors and hedge funds have recently modified their holdings of NFLX. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix in the third quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. grew its position in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network's stock worth $34,000 after acquiring an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Netflix in the 3rd quarter worth $37,000. FSA Wealth Management LLC bought a new stake in shares of Netflix in the 3rd quarter worth approximately $38,000. Finally, First Personal Financial Services purchased a new position in Netflix during the 3rd quarter valued at $40,000. 80.93% of the stock is owned by hedge funds and other institutional investors.
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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