Netflix, Inc. (NASDAQ:NFLX) Receives $753.45 Average Price Target from Analysts

Shares of Netflix, Inc. (NASDAQ:NFLX) have been given a consensus rating of “Moderate Buy” by the thirty-five ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and twenty-four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $764.82.

Several brokerages have recently issued reports on NFLX. Benchmark reaffirmed a “sell” rating and set a $545.00 price target on shares of Netflix in a research note on Tuesday, October 15th. Rosenblatt Securities upped their target price on shares of Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. lifted their price target on shares of Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Wolfe Research restated an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Finally, KeyCorp lifted their target price on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a report on Friday, October 18th.

Insider Activity

In other Netflix news, insider David A. Hyman sold 267 shares of the company’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 transaction, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 4,392 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,490,250. This represents a 25.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 185,866 shares of company stock worth $133,393,921 in the last quarter. Corporate insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NFLX. DigitalBridge Group Inc. lifted its holdings in Netflix by 35.5% during the 2nd quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after purchasing an additional 9,451 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Netflix by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock worth $1,829,494,000 after buying an additional 29,726 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of Netflix by 2.0% in the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock valued at $434,398,000 after acquiring an additional 11,921 shares during the period. Westfield Capital Management Co. LP acquired a new position in shares of Netflix in the third quarter valued at about $222,871,000. Finally, Venturi Wealth Management LLC increased its position in Netflix by 27.5% during the third quarter. Venturi Wealth Management LLC now owns 3,077 shares of the Internet television network’s stock worth $2,182,000 after acquiring an additional 664 shares during the period. 80.93% of the stock is owned by institutional investors.

Netflix Trading Up 0.8 %

NFLX opened at $872.60 on Wednesday. Netflix has a 1-year low of $445.73 and a 1-year high of $908.00. The stock has a market capitalization of $373.00 billion, a PE ratio of 49.38, a PEG ratio of 1.67 and a beta of 1.25. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $762.10 and a two-hundred day moving average price of $695.13.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share 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 during the quarter, compared to analyst estimates of $9.77 billion. As a group, equities analysts anticipate that Netflix will post 19.78 earnings per share for the current fiscal year.

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.