Netflix (NASDAQ:NFLX) Stock Price Expected to Rise, Guggenheim Analyst Says

Netflix (NASDAQ:NFLXGet Free Report) had its target price boosted by investment analysts at Guggenheim from $825.00 to $950.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the Internet television network’s stock. Guggenheim’s price target suggests a potential upside of 14.68% from the company’s previous close.

A number of other research analysts have also issued reports on the stock. KeyCorp increased their target price on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Bank of America boosted their price objective on Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Wedbush reissued an “outperform” rating and issued a $950.00 price objective (up previously from $800.00) on shares of Netflix in a research note on Monday, November 18th. Pivotal Research upped their price objective on shares of Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. 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 investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average price target of $841.27.

Get Our Latest Stock Analysis on Netflix

Netflix Price Performance

Shares of NASDAQ NFLX opened at $828.40 on Monday. The company has a fifty day moving average price of $881.04 and a 200 day moving average price of $755.96. Netflix has a 1-year low of $475.26 and a 1-year high of $941.75. The firm has a market cap of $354.11 billion, a PE ratio of 46.88, a PEG ratio of 1.77 and a beta of 1.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLXGet Free Report) last announced its quarterly earnings data 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 company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Research analysts predict that Netflix will post 19.78 earnings per share for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 35,868 shares of Netflix stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the sale, the chairman now directly owns 114 shares in the company, valued at $101,241.12. The trade was a 99.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the sale, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. The trade was a 96.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 156,742 shares of company stock valued at $131,030,268. 1.76% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Netflix

Several institutional investors have recently made changes to their positions in NFLX. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix in the third quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix in the third quarter valued at $37,000. FSA Wealth Management LLC bought a new position in Netflix during the third quarter valued at about $38,000. Finally, First Personal Financial Services acquired a new position in Netflix during the third quarter worth about $40,000. 80.93% of the stock is owned by 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.

See Also

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.