Netflix (NASDAQ:NFLX) Given New $550.00 Price Target at Barclays

Netflix (NASDAQ:NFLXFree Report) had its price objective upped by Barclays from $475.00 to $550.00 in a research note published on Tuesday morning, Benzinga reports. They currently have an equal weight rating on the Internet television network’s stock.

NFLX has been the subject of several other reports. KeyCorp lifted their price objective on shares of Netflix from $580.00 to $705.00 and gave the stock an overweight rating in a research note on Wednesday, March 20th. Robert W. Baird boosted their target price on shares of Netflix from $500.00 to $600.00 and gave the company an outperform rating in a research report on Wednesday, January 24th. The Goldman Sachs Group boosted their target price on shares of Netflix from $500.00 to $565.00 and gave the company a neutral rating in a research report on Wednesday, January 24th. Jefferies Financial Group lifted their price objective on shares of Netflix from $580.00 to $700.00 and gave the company a buy rating in a report on Tuesday, March 12th. Finally, Sanford C. Bernstein lifted their price objective on shares of Netflix from $390.00 to $490.00 and gave the company a market perform rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $596.97.

View Our Latest Stock Analysis on Netflix

Netflix Trading Down 0.9 %

NASDAQ:NFLX opened at $622.83 on Tuesday. Netflix has a 12 month low of $315.62 and a 12 month high of $639.00. The firm has a fifty day simple moving average of $601.51 and a 200-day simple moving average of $505.34. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $269.54 billion, a P/E ratio of 51.86, a PEG ratio of 1.68 and a beta of 1.22.

Netflix (NASDAQ:NFLXGet Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The Internet television network reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). Netflix had a return on equity of 24.76% and a net margin of 16.04%. The company had revenue of $8.83 billion for the quarter, compared to analyst estimates of $8.72 billion. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. On average, equities research analysts anticipate that Netflix will post 17.02 earnings per share for the current year.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 20,566 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the sale, the chairman now directly owns 28 shares in the company, valued at approximately $17,091.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Netflix news, CEO Gregory K. Peters sold 5,352 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $625.00, for a total value of $3,345,000.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,181,250. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Reed Hastings sold 20,566 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the sale, the chairman now directly owns 28 shares in the company, valued at $17,091.76. The disclosure for this sale can be found here. Insiders have sold a total of 268,335 shares of company stock worth $151,619,811 in the last ninety days. 2.45% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Netflix

A number of large investors have recently modified their holdings of NFLX. Fairfield Bush & CO. grew its position in shares of Netflix by 26.5% in the 1st quarter. Fairfield Bush & CO. now owns 2,446 shares of the Internet television network’s stock valued at $916,000 after buying an additional 512 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Netflix by 21.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 480,044 shares of the Internet television network’s stock valued at $179,820,000 after buying an additional 84,179 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Netflix by 14.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,922 shares of the Internet television network’s stock valued at $1,094,000 after buying an additional 363 shares during the last quarter. Candriam Luxembourg S.C.A. grew its position in shares of Netflix by 6.9% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 36,336 shares of the Internet television network’s stock valued at $13,610,000 after buying an additional 2,358 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in shares of Netflix by 13.1% in the 1st quarter. Brown Brothers Harriman & Co. now owns 3,808 shares of the Internet television network’s stock valued at $1,426,000 after buying an additional 441 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.