Netflix (NASDAQ:NFLX) Price Target Raised to $965.00

Netflix (NASDAQ:NFLX) had its price target upped by Macquarie from $795.00 to $965.00 in a research report report published on Monday morning,Benzinga reports. They currently have an outperform rating on the Internet television network’s stock.

Several other research firms also recently commented on NFLX. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Oppenheimer raised their price target on Netflix from $825.00 to $1,065.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Barclays reiterated an “underweight” rating and set a $550.00 price objective on shares of Netflix in a research note on Friday, October 18th. Benchmark increased their target price on shares of Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research note on Friday, January 3rd. Finally, Sanford C. Bernstein lifted their price objective on Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $845.82.

Netflix Price Performance

NFLX opened at $848.26 on Monday. The firm has a market cap of $362.60 billion, a P/E ratio of 48.01, a PEG ratio of 1.35 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix has a fifty-two week low of $475.26 and a fifty-two week high of $941.75. The firm has a 50-day moving average of $881.04 and a 200 day moving average of $755.96.

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

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 4,186 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $9,817,500. This represents a 24.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $24,202,828.70. This represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 156,742 shares of company stock worth $131,030,268. 1.76% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Netflix

Large investors have recently made changes to their positions in the business. RPg Family Wealth Advisory LLC purchased a new stake in Netflix in the third quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in Netflix by 700.0% in 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 in the last quarter. Decker Retirement Planning Inc. purchased a new stake in shares of Netflix in the 4th quarter worth about $43,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Netflix during the 3rd quarter valued at about $37,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Netflix during the third quarter valued at about $38,000. 80.93% of the stock is currently owned by institutional investors.

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.