Netflix (NASDAQ:NFLX) Given New $1,040.00 Price Target at Argus

Netflix (NASDAQ:NFLX) had its target price hoisted by Argus from $840.00 to $1,040.00 in a report issued on Monday morning, Marketbeat.com reports. Argus currently has a buy rating on the Internet television network’s stock.

NFLX has been the topic of several other reports. TD Cowen boosted their price target on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Bank of America boosted their target price on Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Needham & Company LLC increased their price target on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. The Goldman Sachs Group set a $750.00 price objective on Netflix in a report on Friday, October 18th. Finally, Macquarie reiterated an “outperform” rating and issued a $795.00 target price on shares of Netflix in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $821.27.

Netflix Trading Up 0.1 %

NFLX opened at $881.79 on Monday. Netflix has a twelve month low of $472.95 and a twelve month high of $941.75. The company has a fifty day moving average of $869.23 and a 200-day moving average of $748.42. The stock has a market cap of $376.93 billion, a PE ratio of 49.90, a price-to-earnings-growth ratio of 1.77 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.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. On average, sell-side analysts predict that Netflix will post 19.78 EPS for the current year.

Insider Transactions at Netflix

In other Netflix 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 transaction of $518,320.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 150,761 shares of company stock worth $125,713,484 in the last quarter. Insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Netflix

Large investors have recently modified their holdings of the business. RPg Family Wealth Advisory LLC bought a new position in Netflix in the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the period. MidAtlantic Capital Management Inc. bought a new position in shares of Netflix in the third quarter worth $37,000. FSA Wealth Management LLC purchased a new position in shares of Netflix in the third quarter valued at $38,000. Finally, First Personal Financial Services bought a new stake in shares of Netflix during the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

About Netflix

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.