Netflix (NASDAQ:NFLX) Given New $1,150.00 Price Target at Oppenheimer

Netflix (NASDAQ:NFLX) had its price target lifted by Oppenheimer from $1,040.00 to $1,150.00 in a research note published on Wednesday, Marketbeat reports. The brokerage currently has an outperform rating on the Internet television network’s stock.

A number of other research analysts have also weighed in on the company. BMO Capital Markets restated an “outperform” rating and set a $1,175.00 price objective (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday. Benchmark raised their target price on shares of Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a report on Friday, January 3rd. Jefferies Financial Group boosted their price objective on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and raised their target price for the stock from $940.00 to $1,150.00 in a research report on Wednesday. Finally, Citigroup upped their price objective on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $993.82.

Netflix Trading Up 9.7 %

Netflix stock opened at $953.99 on Wednesday. The business’s fifty day moving average is $886.64 and its 200 day moving average is $762.07. Netflix has a one year low of $481.40 and a one year high of $999.00. The stock has a market capitalization of $407.79 billion, a PE ratio of 48.11, a price-to-earnings-growth ratio of 1.41 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 39.48%. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. During the same period last year, the firm earned $2.11 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. On average, sell-side analysts predict that Netflix will post 23.43 EPS for the current year.

Insider Activity at Netflix

In related news, Director Richard N. Barton sold 5,698 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the sale, the director now owns 246 shares in the company, valued at approximately $185,976. This trade represents a 95.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Theodore A. Sarandos sold 1,278 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total value of $980,289.90. Following the completion of the transaction, the chief executive officer now owns 2,556 shares of the company’s stock, valued at $1,960,579.80. This trade represents a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 152,198 shares of company stock valued at $127,616,898. 1.76% of the stock is owned by insiders.

Institutional Trading of Netflix

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC purchased a new stake in Netflix in the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. raised its position 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 during the period. MidAtlantic Capital Management Inc. acquired a new position in Netflix in the third quarter valued at $37,000. FSA Wealth Management LLC purchased a new stake in Netflix during the third quarter valued at about $38,000. Finally, First Personal Financial Services acquired a new stake in Netflix during the third quarter worth about $40,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

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.