Netflix, Inc. (NASDAQ:NFLX - Get Free Report)'s stock price traded down 0.9% during trading on Monday . The company traded as low as $984.69 and last traded at $993.93. 1,147,793 shares were traded during mid-day trading, a decline of 72% from the average session volume of 4,048,053 shares. The stock had previously closed at $1,003.15.
Several analysts have issued reports on NFLX shares. Piper Sandler reaffirmed an "overweight" rating and set a $1,100.00 target price (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Guggenheim raised their price objective on Netflix from $950.00 to $1,100.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Canaccord Genuity Group upgraded shares of Netflix from a "hold" rating to a "buy" rating and boosted their target price for the stock from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Benchmark raised shares of Netflix from a "sell" rating to a "hold" rating in a research report on Wednesday, January 22nd. Finally, UBS Group boosted their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and an average price target of $1,021.70.
View Our Latest Research Report on Netflix
The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market cap of $423.51 billion, a price-to-earnings ratio of 49.93, a PEG ratio of 2.12 and a beta of 1.27. The firm has a 50 day simple moving average of $943.06 and a 200-day simple moving average of $826.31.
Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the company earned $2.11 EPS. The company's quarterly revenue was up 16.0% on a year-over-year basis. As a group, analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.
In other news, CFO Spencer Adam Neumann sold 10,000 shares of Netflix stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $978.41, for a total value of $9,784,100.00. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares of the company's stock, valued at approximately $3,611,311.31. The trade was a 73.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Strive Masiyiwa sold 2,813 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total value of $2,835,138.31. The disclosure for this sale can be found here. In the last three months, insiders have sold 303,220 shares of company stock valued at $289,856,164. Company insiders own 1.76% of the company's stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of NFLX. Vanguard Group Inc. boosted its stake in shares of Netflix by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock valued at $33,413,809,000 after purchasing an additional 171,712 shares during the period. FMR LLC grew its stake in shares of Netflix by 1.8% in the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock worth $18,617,081,000 after acquiring an additional 375,234 shares in the last quarter. State Street Corp increased its position in shares of Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock worth $12,023,082,000 after acquiring an additional 426,740 shares during the period. Geode Capital Management LLC raised its stake in shares of Netflix by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock valued at $8,287,823,000 after acquiring an additional 175,596 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network's stock valued at $4,958,417,000 after purchasing an additional 316,594 shares during the period. 80.93% of the stock is currently 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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