Netflix (NFLX) Sets New 1-Year High and Low at $350.00

Shares of Netflix, Inc. (NASDAQ:NFLX) reached a new 52-week high and low on Thursday . The company traded as low as $350.00 and last traded at $350.81, with a volume of 8819609 shares changing hands. The stock had previously closed at $344.72.

A number of analysts recently weighed in on NFLX shares. Vetr upgraded Netflix from a “sell” rating to a “hold” rating and set a $300.12 price objective for the company in a report on Friday, March 23rd. Zacks Investment Research upgraded Netflix from a “hold” rating to a “buy” rating and set a $329.00 price objective for the company in a report on Friday, April 6th. Bank of America increased their price objective on Netflix from $300.00 to $347.00 and gave the company a “buy” rating in a report on Tuesday, April 17th. Citigroup increased their price objective on Netflix from $250.00 to $305.00 and gave the company a “neutral” rating in a report on Wednesday, March 28th. Finally, Buckingham Research increased their price objective on Netflix from $257.00 to $277.00 and gave the company a “neutral” rating in a report on Friday, April 13th. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Netflix has a consensus rating of “Buy” and an average target price of $296.12.

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The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $151.83 billion, a P/E ratio of 281.03, a P/E/G ratio of 4.55 and a beta of 0.97.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, April 16th. The Internet television network reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.01. Netflix had a net margin of 5.26% and a return on equity of 19.11%. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter last year, the firm earned $0.40 EPS. The company’s quarterly revenue was up 40.3% compared to the same quarter last year. equities analysts anticipate that Netflix, Inc. will post 2.88 earnings per share for the current year.

In other Netflix news, insider Gregory K. Peters sold 8,274 shares of Netflix stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $300.00, for a total transaction of $2,482,200.00. Following the transaction, the insider now owns 21,364 shares of the company’s stock, valued at approximately $6,409,200. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Leslie J. Kilgore sold 1,868 shares of Netflix stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $350.99, for a total transaction of $655,649.32. Following the transaction, the director now directly owns 35,868 shares in the company, valued at approximately $12,589,309.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 281,239 shares of company stock worth $91,032,173. Insiders own 4.29% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Suntrust Banks Inc. increased its stake in shares of Netflix by 52.0% during the 1st quarter. Suntrust Banks Inc. now owns 45,045 shares of the Internet television network’s stock worth $13,303,000 after purchasing an additional 15,417 shares during the last quarter. BKD Wealth Advisors LLC purchased a new stake in shares of Netflix during the 1st quarter worth approximately $207,000. Trilogy Capital Inc. purchased a new stake in shares of Netflix during the 1st quarter worth approximately $363,000. Equitec Proprietary Markets LLC purchased a new stake in shares of Netflix during the 1st quarter worth approximately $1,536,000. Finally, Amalgamated Bank increased its stake in shares of Netflix by 10.8% during the 1st quarter. Amalgamated Bank now owns 60,482 shares of the Internet television network’s stock worth $17,863,000 after purchasing an additional 5,899 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

About Netflix

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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