2 weeks Ago By Defense World Staff
Netflix, Inc. (NASDAQ:NFLX – Get Free Report)’s stock price traded up 7.3% on Tuesday after Macquarie raised their price target on the stock from $1,150.
00 to $1,200.00. Macquarie currently has an outperform rating on the stock.
Netflix traded as high as $1,064.40 and last traded at $1,060.06.
3,876,003 shares were traded during mid-day trading, an increase of 5% from the average session volume of 3,699,365 shares. The stock had previously closed at $987.91.
Several other equities research analysts have also recently issued reports on the stock. Piper Sandler assumed coverage on shares of Netflix in a research report on Thursday, April 17th. They set an “overweight” rating and a $1,100.
00 price objective for the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $1,200.00 price target (up from $1,175.
00) on shares of Netflix in a report on Friday. Oppenheimer reaffirmed an “outperform” rating and set a $1,200.00 price objective (up from $1,150.
00) on shares of Netflix in a research report on Friday. Rosenblatt Securities raised their target price on Netflix from $1,494.00 to $1,514.
00 and gave the stock a “buy” rating in a research report on Monday. Finally, Benchmark reaffirmed a “hold” rating on shares of Netflix in a report on Monday. Nine investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock.
According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average price target of $1,070.65.Get Our Latest Analysis on NetflixInsiders Place Their BetsIn other Netflix news, Director Jay C.
Hoag sold 617 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total transaction of $604,481.
07. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David A.
Hyman sold 41,121 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.
21. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $30,946,506.10.
This trade represents a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Over the last quarter, insiders sold 274,472 shares of company stock worth $268,079,297. 1.76% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On NetflixA number of institutional investors and hedge funds have recently modified their holdings of NFLX. GAMMA Investing LLC raised its stake in shares of Netflix by 109,524.3% during the 1st quarter.
GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock worth $8,239,576,000 after buying an additional 8,827,662 shares during the last quarter. Norges Bank acquired a new stake in shares of Netflix in the fourth quarter valued at approximately $5,019,087,000. Proficio Capital Partners LLC increased its stake in shares of Netflix by 123,836.
7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network’s stock worth $1,716,662,000 after purchasing an additional 1,924,423 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Netflix by 59.
3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network’s stock worth $2,051,016,000 after purchasing an additional 856,307 shares during the last quarter. Finally, Massachusetts Financial Services Co.
MA lifted its stake in Netflix by 318.9% in the 4th quarter. Massachusetts Financial Services Co.
MA now owns 976,924 shares of the Internet television network’s stock valued at $870,752,000 after buying an additional 743,724 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.
Netflix Trading Up 5.3 %The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.
22 and a current ratio of 1.22. The business has a fifty day simple moving average of $954.
01 and a 200 day simple moving average of $897.26. The stock has a market cap of $445.
01 billion, a price-to-earnings ratio of 52.46, a PEG ratio of 2.12 and a beta of 1.
55. Netflix (NASDAQ:NFLX – Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.
61 EPS for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87.
Netflix had a return on equity of 38.32% and a net margin of 22.34%.
The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion.
During the same quarter last year, the company earned $8.28 earnings per share. As a group, equities analysts anticipate that Netflix, Inc.
will post 24.58 EPS 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.Featured StoriesFive stocks we like better than NetflixGrowth Investing: Should You Adopt This Investing Strategy in 2022?How to Invest in Micro-Cap Stocks Like a ProNYSE Stocks Give Investors a Variety of Quality Options Investors Sell Microsoft Stock on OpenAI News—Time to Buy? 3 Small Caps With Big Return PotentialTake-Two Interactive: A Defensive Play Set to Explode.
