Barclays Issues Positive Forecast for Netflix (NASDAQ:NFLX) Stock Price

Netflix (NASDAQ:NFLX) had its target price raised by stock analysts at Barclays from $900.00 to $1,000.00 in a research note issued on Monday. The brokerage currently has an “equal weight” rating on the Internet television network’s stock. Barclays‘s target price points to a potential upside of 2.77% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Sanford C. Bernstein upgraded shares of Netflix from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $975.00 to $1,200.00 in a report on Friday, January 24th. Wedbush reissued an “outperform” rating and set a $1,150.00 target price on shares of Netflix in a research report on Friday, April 11th. The Goldman Sachs Group increased their price target on shares of Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Canaccord Genuity Group increased their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a research report on Monday. Finally, Phillip Securities downgraded shares of Netflix from a “hold” rating to a “moderate sell” rating in a research note on Friday, January 24th. Nine investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,066.24.

Netflix Stock Up 1.2 %

Shares of NASDAQ:NFLX opened at $973.03 on Monday. The firm’s 50-day moving average is $954.87 and its two-hundred day moving average is $894.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix has a 1 year low of $542.01 and a 1 year high of $1,064.50. The firm has a market capitalization of $416.22 billion, a PE ratio of 49.07, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter in the previous year, the firm posted $8.28 earnings per share. Analysts predict that Netflix will post 24.58 EPS for the current year.

Insider Buying and Selling

In other news, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the sale, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at approximately $13,338,500. This trade represents a 27.61 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 274,312 shares of company stock worth $267,919,297. 1.76% of the stock is owned by company insiders.

Institutional Investors Weigh In On Netflix

Several institutional investors have recently bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC increased its holdings in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 13 shares in the last quarter. Pathway Financial Advisers LLC raised its holdings in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after buying an additional 14 shares during the period. Brown Shipley& Co Ltd acquired a new position in Netflix during the 4th quarter worth approximately $27,000. Transce3nd LLC purchased a new position in Netflix in the 4th quarter worth approximately $32,000. Finally, Newton One Investments LLC acquired a new stake in Netflix in the fourth quarter valued at approximately $34,000. 80.93% of the stock is currently owned by hedge funds and other 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.