Loop Capital Increases Netflix (NASDAQ:NFLX) Price Target to $750.00

Netflix (NASDAQ:NFLXGet Free Report) had its target price raised by analysts at Loop Capital from $700.00 to $750.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the Internet television network’s stock. Loop Capital’s price objective suggests a potential upside of 10.46% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Guggenheim boosted their price objective on shares of Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Benchmark upped their price target on Netflix from $440.00 to $450.00 and gave the company a “sell” rating in a research report on Friday, May 17th. BMO Capital Markets reiterated an “outperform” rating and issued a $713.00 price objective (up from $638.00) on shares of Netflix in a research report on Wednesday, April 17th. KeyCorp raised their price target on Netflix from $705.00 to $707.00 and gave the stock an “overweight” rating in a research note on Thursday, June 13th. Finally, Canaccord Genuity Group lowered Netflix from a “buy” rating to a “hold” rating and dropped their price target for the stock from $720.00 to $585.00 in a research note on Friday, April 19th. One 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $633.53.

View Our Latest Analysis on NFLX

Netflix Trading Up 0.5 %

Shares of NFLX stock traded up $3.12 on Tuesday, hitting $678.95. 559,771 shares of the company’s stock traded hands, compared to its average volume of 4,016,485. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $292.63 billion, a price-to-earnings ratio of 47.12, a P/E/G ratio of 1.45 and a beta of 1.26. The company’s fifty day simple moving average is $616.48 and its 200 day simple moving average is $571.10. Netflix has a one year low of $344.73 and a one year high of $682.71.

Netflix (NASDAQ:NFLXGet Free Report) last released its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same quarter in the previous year, the company posted $2.88 EPS. Netflix’s revenue for the quarter was up 14.8% on a year-over-year basis. Equities analysts forecast that Netflix will post 18.31 EPS for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 564 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $613.08, for a total transaction of $345,777.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Spencer Adam Neumann sold 564 shares of Netflix stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $613.08, for a total transaction of $345,777.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 20,566 shares of Netflix stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the transaction, 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 sold a total of 69,425 shares of company stock worth $41,919,791 in the last three months. 1.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NFLX. Spartan Planning & Wealth Management purchased a new position in Netflix in the 3rd quarter worth approximately $26,000. Valued Wealth Advisors LLC lifted its holdings in Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 20 shares in the last quarter. VitalStone Financial LLC lifted its holdings in Netflix by 933.3% in the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 56 shares in the last quarter. Beaird Harris Wealth Management LLC lifted its holdings in Netflix by 1,550.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 62 shares in the last quarter. Finally, Scarborough Advisors LLC purchased a new position in Netflix in the 4th quarter worth approximately $32,000. 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.

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Analyst Recommendations for Netflix (NASDAQ:NFLX)

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