Shares of Netflix, Inc. (NASDAQ:NFLX) are up close to 5% this morning, after Saturday brought some very well respected awards to the company. The SAG award ceremony took place over the weekend, and Netflix brought home four awards.
Idris Elba brought home the award for Best Supporting Actor for his performance in the film Beasts of No Nation — a Netflix exclusive. Additionally Uzo Aduba won the award for Best Actress in a Comedy Series for her role in Orange is the New Black. On top of this, Orange is the New Black also won for Best Performance by an Ensemble Cast in a Comedy Series. House of Cards fans also were happy to see Kevin Spacey win an award as well for his role in the popular political drama which comes back to Netflix in March.
Netflix stock is up 4.89% or $4.49 following the news, hitting $96.33 per share. About 8.48 million shares traded hands. NFLX has declined 3.22% since June 25, 2015 and is downtrending. It has outperformed the S&P500 by 4.49%.
From a total of 28 analysts covering Netflix (NASDAQ:NFLX) stock, 21 rate it a “Buy”, 1 a “Sell”, and 6 a “Hold”. This means that 75% of the ratings are positive. The highest target price is $175 while the lowest target price is $45.0. The mean of all analyst targets is $128.31 which is 33.20% above today’s ($96.33) stock price. Netflix was the topic of 46 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on January 20 with a “Overweight” rating. Drexel Hamilton initiated shares with a”Buy” rating and a $150.0 target share price in their report from a January 14. Oppenheimer maintained NFLX stock in a recent report from January 20 with a “Outperform” rating. Robert W. Baird downgraded the rating on January 4. Robert W. Baird has a “Neutral” rating and a $115 price target on shares. Finally, Mizuho maintained the stock with a “Neutral” rating in a report they issued on a January 20.
The institutional sentiment increased to 1.54 in Q2 2015. It’s up 0.29, from 1.25 in 2015Q2. The ratio increased, as 58 funds sold all their Netflix, Inc. shares they owned while 194 reduced their positions. 149 funds bought stakes while 238 increased their total positions. Institutions now own 639.63 million shares which is 1081.93% more than the previous share count of 54.12 million in 2015Q2.
Srs Investment Management Llc holds 40.42% of its total portfolio in Netflix, Inc., equating to 11.81 million shares. Technology Crossover Management Vii Ltd. owns 5.04 million shares representing 34.23% of their total US portfolio. Moreover, Ctc Llc has 33.44% of their total portfolio invested in the company, equating to 645,718 shares. The Pennsylvania-based Barton Investment Management has a total of 29.76% of their portfolio invested in the stock. Tiger Global Management Llc, a New York-based fund reported 18.00 million shares owned.
Since February 25, 2015, the stock had 0 insider buys, and 13 selling transactions for a total of $33.63 million in net activity. Barton Richard N sold 2,800 shares worth $281,260. Hastings Reed sold 86,037 shares worth $8.68 million. Battle A George sold 49,000 shares worth $5.29M. Cranz Tawni sold 1,512 shares worth $190,179. The insider Peters Gregory K sold 6,545 shares worth $841,491.
Netflix, Inc. is a provider of Internet television network. The company has a market cap of $41.24 billion. The Firm has over 57 million streaming members in over 50 countries. It has 343.07 P/E ratio. The Company’s members can watch more than two billion hours of television shows and movies per month, including original series, documentaries and feature films on Internet-connected screen.