Netflix (NASDAQ:NFLX) Price Target Raised to $1,250.00

Netflix (NASDAQ:NFLX) had its price objective raised by Pivotal Research from $1,100.00 to $1,250.00 in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. They currently have a buy rating on the Internet television network’s stock.

NFLX has been the subject of a number of other reports. Evercore ISI boosted their price target on shares of Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Sanford C. Bernstein upped their target price on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Macquarie raised their price target on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday. Benchmark boosted their price objective on Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company raised their target price on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Nine equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $993.82.

Netflix Price Performance

Netflix stock opened at $953.99 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix has a one year low of $481.40 and a one year high of $999.00. The firm has a market capitalization of $407.79 billion, a P/E ratio of 53.99, a PEG ratio of 1.40 and a beta of 1.27. The business has a fifty day moving average price of $886.64 and a 200-day moving average price of $762.07.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10,141,900 billion. During the same quarter in the previous year, the firm earned $2.11 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, equities research analysts forecast that Netflix will post 19.76 EPS for the current year.

Insider Activity

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the sale, the chairman now directly owns 114 shares in the company, valued at $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,198 shares of company stock valued at $127,616,898. Company insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

Hedge funds have recently modified their holdings of the business. RPg Family Wealth Advisory LLC purchased a new position in Netflix during the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of Netflix during the third quarter valued at approximately $37,000. FSA Wealth Management LLC bought a new stake in shares of Netflix in the 3rd quarter worth approximately $38,000. Finally, First Personal Financial Services purchased a new stake in shares of Netflix in the 3rd quarter worth approximately $40,000. Institutional investors 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.