Netflix (NASDAQ:NFLX) PT Raised to $925.00

Netflix (NASDAQ:NFLX) had its target price boosted by Pivotal Research from $900.00 to $925.00 in a report released on Friday, MarketBeat reports. The brokerage presently has a “buy” rating on the Internet television network’s stock. Pivotal Research’s price objective indicates a potential upside of 34.52% from the stock’s current price.

Other research analysts have also issued reports about the stock. Rosenblatt Securities restated a “neutral” rating and issued a $635.00 target price on shares of Netflix in a report on Friday, September 20th. Oppenheimer raised their target price on shares of Netflix from $725.00 to $775.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Citigroup raised their price objective on Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Needham & Company LLC increased their target price on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday. Finally, The Goldman Sachs Group lifted their price target on Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average target price of $713.24.

Netflix Trading Down 2.0 %

Shares of Netflix stock opened at $687.65 on Friday. Netflix has a 1 year low of $344.73 and a 1 year high of $736.00. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The business has a 50 day moving average price of $693.78 and a 200 day moving average price of $653.62. The company has a market capitalization of $296.38 billion, a P/E ratio of 47.72, a P/E/G ratio of 1.49 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The company had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.29 earnings per share. Sell-side analysts anticipate that Netflix will post 19.08 EPS for the current fiscal year.

Insider Activity

In related news, Chairman Reed Hastings sold 25,599 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $631.43, for a total value of $16,163,976.57. Following the completion of the transaction, the chairman now owns 57 shares in the company, valued at $35,991.51. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Reed Hastings sold 25,599 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $631.43, for a total value of $16,163,976.57. Following the completion of the sale, the chairman now directly owns 57 shares in the company, valued at $35,991.51. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 225,167 shares of company stock worth $150,492,460. 1.76% of the stock is owned by company insiders.

Hedge Funds Weigh In On Netflix

Several institutional investors have recently added to or reduced their stakes in the company. Denver PWM LLC bought a new stake in shares of Netflix during the second quarter valued at approximately $25,000. Valued Wealth Advisors LLC lifted its holdings in Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 20 shares in the last quarter. Indiana Trust & Investment Management CO grew its position in shares of Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 28 shares during the period. Proffitt & Goodson Inc. increased its position in shares of Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 38 shares in the last quarter. Finally, AlphaMark Advisors LLC increased its holdings in Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares in the last quarter. 80.93% of the stock is 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.