Netflix (NASDAQ:NFLX) Trading Up 0.7% – Should You Buy?

Netflix, Inc. (NASDAQ:NFLX) was up 0.7% during mid-day trading on Thursday . The company traded as high as $787.93 and last traded at $785.41. Approximately 628,748 shares changed hands during trading, a decline of 83% from the average daily volume of 3,671,795 shares. The stock had previously closed at $780.21.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NFLX shares. Sanford C. Bernstein raised their target price on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Citigroup raised their target price on shares of Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. The Goldman Sachs Group set a $750.00 target price on shares of Netflix in a research note on Friday, October 18th. Oppenheimer lifted their price objective on shares of Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company lifted their price objective 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. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $748.15.

Netflix Stock Down 0.2 %

The stock has a market cap of $339.85 billion, a PE ratio of 44.99, a price-to-earnings-growth ratio of 1.50 and a beta of 1.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The company’s 50-day moving average price is $721.55 and its 200 day moving average price is $670.54.

Insider Buying and Selling

In related news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 31,610 shares in the company, valued at approximately $24,202,828.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jay C. Hoag sold 37,675 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $629.73, for a total value of $23,725,077.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 242,112 shares of company stock valued at $169,954,456. 1.76% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Netflix

Institutional investors and hedge funds have recently modified their holdings of the company. Denver PWM LLC purchased a new stake in shares of Netflix in the second quarter valued at approximately $25,000. Proffitt & Goodson Inc. lifted its stake in shares of Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares during the last quarter. AlphaMark Advisors LLC lifted its stake in shares of Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after purchasing an additional 45 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new stake in shares of Netflix in the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

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.