Netflix (NASDAQ:NFLX) Price Target Raised to $850.00 at The Goldman Sachs Group

Netflix (NASDAQ:NFLX) had its price objective increased by The Goldman Sachs Group from $750.00 to $850.00 in a report released on Wednesday morning, Marketbeat Ratings reports. They currently have a neutral rating on the Internet television network’s stock.

Several other research firms have also weighed in on NFLX. Wedbush reaffirmed an “outperform” rating and set a $950.00 target price (up from $800.00) on shares of Netflix in a report on Monday, November 18th. TD Cowen lifted their price objective on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a report on Friday, October 18th. Evercore ISI increased their target price on shares of Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Sanford C. Bernstein lifted their price target on Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $825.00 price target (up previously from $770.00) on shares of Netflix in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $824.30.

Netflix Trading Down 0.5 %

Shares of Netflix stock opened at $875.00 on Wednesday. Netflix has a 1 year low of $472.95 and a 1 year high of $941.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $374.03 billion, a PE ratio of 49.52, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The firm has a fifty day moving average price of $874.05 and a 200 day moving average price of $750.65.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. The business had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. Equities research analysts predict that Netflix will post 19.78 earnings per share for the current year.

Insider Activity

In other Netflix news, Director Leslie J. Kilgore sold 358 shares of Netflix stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of the sale, the director now directly owns 35,262 shares in the company, valued at $26,975,430. This trade represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 156,742 shares of company stock valued at $131,030,268. 1.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NFLX. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix during the third quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in Netflix in the 3rd quarter valued at about $37,000. FSA Wealth Management LLC purchased a new position in shares of Netflix in the 3rd quarter valued at about $38,000. Finally, First Personal Financial Services acquired a new position in shares of Netflix during the third quarter worth about $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Company Profile

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.