Netflix (NASDAQ:NFLX) Upgraded to Equal Weight at Barclays

Barclays upgraded shares of Netflix (NASDAQ:NFLX) from an underweight rating to an equal weight rating in a research report report published on Wednesday morning, MarketBeat.com reports. They currently have $900.00 price target on the Internet television network’s stock, up from their prior price target of $715.00.

A number of other analysts have also recently issued reports on the company. KeyCorp increased their target price on Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Jefferies Financial Group increased their target price on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Loop Capital lowered their target price on Netflix from $950.00 to $925.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. Morgan Stanley increased their target price on Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research note on Wednesday. Nine investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,009.29.

Netflix Price Performance

Netflix stock opened at $977.59 on Wednesday. The firm has a market capitalization of $417.88 billion, a P/E ratio of 49.30, a PEG ratio of 1.53 and a beta of 1.27. Netflix has a 1 year low of $542.01 and a 1 year high of $999.00. The business has a 50-day moving average of $892.06 and a 200-day moving average of $764.95. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10,141,900 billion. During the same period in the previous year, the company earned $2.11 EPS. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, equities analysts anticipate that Netflix will post 23.72 EPS for the current year.

Insider Buying and Selling at Netflix

In other news, Chairman Reed Hastings sold 41,601 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $758.06, for a total value of $31,536,054.06. Following the completion of the sale, the chairman now owns 85 shares of the company’s stock, valued at approximately $64,435.10. The trade was a 99.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Insiders sold 147,117 shares of company stock valued at $123,913,691 in the last quarter. 1.76% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Netflix

A number of institutional investors have recently modified their holdings of NFLX. Enzi Wealth lifted its position in shares of Netflix by 3.4% during the 4th quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock valued at $316,000 after acquiring an additional 11 shares during the period. TCI Wealth Advisors Inc. lifted its position in shares of Netflix by 1.6% during the 4th quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock valued at $624,000 after acquiring an additional 11 shares during the period. Blossom Wealth Management lifted its position in shares of Netflix by 0.9% during the 4th quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network’s stock valued at $1,112,000 after acquiring an additional 11 shares during the period. Everett Harris & Co. CA lifted its position in shares of Netflix by 1.3% during the 4th quarter. Everett Harris & Co. CA now owns 870 shares of the Internet television network’s stock valued at $775,000 after acquiring an additional 11 shares during the period. Finally, Advisory Resource Group lifted its position in shares of Netflix by 0.7% during the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock valued at $1,238,000 after acquiring an additional 12 shares during the period. Institutional investors own 80.93% of the company’s stock.

About Netflix

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.