Wolfe Research Upgrades Netflix (NASDAQ:NFLX) to Outperform

Wolfe Research upgraded shares of Netflix (NASDAQ:NFLX) from a peer perform rating to an outperform rating in a research report released on Thursday, MarketBeat.com reports. The brokerage currently has $1,100.00 price objective on the Internet television network’s stock.

Other equities analysts have also recently issued research reports about the company. Robert W. Baird upped their price target on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research report on Saturday, December 21st. TD Cowen boosted their price target on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a report on Friday, October 18th. Macquarie increased their price objective on shares of Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, KeyCorp lifted their target price on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Wednesday. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $996.94.

Netflix Stock Up 3.2 %

Shares of Netflix stock opened at $984.86 on Thursday. Netflix has a 12-month low of $537.07 and a 12-month high of $999.00. The stock has a market capitalization of $420.99 billion, a P/E ratio of 49.67, a PEG ratio of 1.41 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a 50 day moving average price of $889.11 and a two-hundred day moving average price of $763.41.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10,141,900 billion. Netflix had a return on equity of 39.48% and a net margin of 22.34%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.11 EPS. Equities analysts expect that Netflix will post 23.43 earnings per share for the current year.

Insider Activity

In other news, Director Anne M. Sweeney sold 589 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 146,500 shares of company stock valued at $123,309,210. 1.76% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Netflix

Several hedge funds have recently added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix in the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in 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 during the period. Decker Retirement Planning Inc. bought a new stake in Netflix in the fourth quarter valued at approximately $43,000. EMC Capital Management acquired a new stake in Netflix in the fourth quarter worth $45,000. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Netflix during the third quarter worth $37,000. 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.