Netflix (NASDAQ:NFLX) Price Target Raised to $1,000.00 at Barclays

Netflix (NASDAQ:NFLX - Free Report) had its price target lifted by Barclays from $900.00 to $1,000.00 in a research report sent to investors on Monday, Marketbeat reports. Barclays currently has an equal weight rating on the Internet television network's stock.

NFLX has been the topic of a number of other research reports. Rosenblatt Securities raised their price target on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a report on Monday. Arete Research raised Netflix to a "hold" rating in a research note on Thursday, January 23rd. Morgan Stanley upped their price target on Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a research report on Monday. Bank of America lifted their price objective on Netflix from $1,000.00 to $1,175.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. decreased their target price on Netflix from $1,150.00 to $1,025.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $1,072.12.

Netflix Trading Up 0.4 %

Shares of NFLX traded up $4.32 during trading hours on Monday, hitting $1,101.19. The company had a trading volume of 2,633,999 shares, compared to its average volume of 3,706,308. Netflix has a 52-week low of $544.25 and a 52-week high of $1,105.89. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock's 50 day moving average price is $954.61 and its 200 day moving average price is $901.03. The firm has a market cap of $471.04 billion, a P/E ratio of 55.56, a P/E/G ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter in the previous year, the company posted $8.28 earnings per share. On average, research analysts predict that Netflix will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other news, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total transaction of $473,640.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Strive Masiyiwa sold 2,813 shares of the business's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The disclosure for this sale can be found here. In the last ninety days, insiders sold 273,855 shares of company stock worth $267,474,816. 1.76% of the stock is owned by company insiders.

Institutional Investors Weigh In On Netflix

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after buying an additional 8,827,662 shares in the last quarter. Norges Bank bought a new position in shares of Netflix during the 4th quarter valued at approximately $5,019,087,000. Proficio Capital Partners LLC grew its holdings in shares of Netflix by 123,836.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock valued at $1,716,662,000 after purchasing an additional 1,924,423 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Netflix by 59.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock valued at $2,051,016,000 after purchasing an additional 856,307 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Netflix by 318.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock worth $870,752,000 after purchasing an additional 743,724 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

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.