Netflix, Inc. (NASDAQ:NFLX) Receives $1,036.38 Consensus Price Target from Analysts

Netflix, Inc. (NASDAQ:NFLX) has been assigned a consensus recommendation of “Moderate Buy” from the thirty-seven analysts that are presently covering the stock, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $1,072.12.

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Benchmark restated a “hold” rating on shares of Netflix in a research report on Monday, April 21st. Pivotal Research lifted their price target on shares of Netflix from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a research report on Monday, April 21st. Canaccord Genuity Group increased their price target on Netflix from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Monday, April 21st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $1,126.00 target price on shares of Netflix in a research report on Thursday, April 17th.

Netflix Price Performance

NASDAQ:NFLX opened at $1,101.53 on Friday. The firm’s fifty day moving average price is $955.92 and its two-hundred day moving average price is $903.65. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market cap of $471.19 billion, a P/E ratio of 55.55, a P/E/G ratio of 2.12 and a beta of 1.55. Netflix has a one year low of $544.25 and a one year high of $1,106.80.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. During the same period in the prior year, the firm earned $8.28 EPS. Equities analysts expect that Netflix will post 24.58 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 102,228 shares of Netflix stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the completion of the sale, the chief executive officer now owns 12,950 shares in the company, valued at $12,700,583. The trade was a 88.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David A. Hyman sold 41,121 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the transaction, the insider now owns 31,610 shares in the company, valued at $30,946,506.10. The trade was a 56.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 273,855 shares of company stock worth $267,474,816. 1.76% of the stock is owned by corporate insiders.

Institutional Trading of Netflix

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. Mather Group LLC. grew its stake in Netflix by 83.7% in the first quarter. Mather Group LLC. now owns 4,781 shares of the Internet television network’s stock valued at $4,459,000 after acquiring an additional 2,179 shares during the period. Alta Advisers Ltd increased its stake in Netflix by 49.4% during the 1st quarter. Alta Advisers Ltd now owns 2,117 shares of the Internet television network’s stock valued at $1,974,000 after purchasing an additional 700 shares in the last quarter. Benchmark Financial Wealth Advisors LLC acquired a new position in Netflix during the first quarter worth $286,000. Deseret Mutual Benefit Administrators lifted its stake in shares of Netflix by 132.5% in the first quarter. Deseret Mutual Benefit Administrators now owns 272 shares of the Internet television network’s stock valued at $254,000 after buying an additional 155 shares in the last quarter. Finally, Smith Salley Wealth Management grew its holdings in shares of Netflix by 6.9% during the first quarter. Smith Salley Wealth Management now owns 1,824 shares of the Internet television network’s stock valued at $1,701,000 after buying an additional 118 shares during 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.