Netflix (NASDAQ:NFLX) Price Target Raised to $1,400.00 at Jefferies Financial Group

Netflix (NASDAQ:NFLX - Get Free Report) had its target price boosted by analysts at Jefferies Financial Group from $1,200.00 to $1,400.00 in a research report issued on Tuesday, MarketBeat reports. The firm currently has a "buy" rating on the Internet television network's stock. Jefferies Financial Group's price target suggests a potential upside of 12.93% from the stock's previous close.

Several other research firms also recently commented on NFLX. JPMorgan Chase & Co. restated a "neutral" rating and issued a $1,220.00 price target (up previously from $1,150.00) on shares of Netflix in a research note on Monday, May 19th. Guggenheim reissued a "buy" rating and set a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Wells Fargo & Company increased their price target on Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. BMO Capital Markets reissued an "outperform" rating and set a $1,200.00 price objective (up from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. Finally, Robert W. Baird upped their target price on shares of Netflix from $1,200.00 to $1,300.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $1,149.91.

Netflix Trading Up 1.8%

Shares of NFLX stock traded up $21.72 on Tuesday, hitting $1,239.66. The stock had a trading volume of 2,353,706 shares, compared to its average volume of 3,749,132. The company's 50 day moving average price is $1,069.06 and its 200-day moving average price is $980.69. Netflix has a 1 year low of $587.04 and a 1 year high of $1,242.58. 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 firm has a market capitalization of $527.56 billion, a P/E ratio of 62.51, a P/E/G ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period in the prior year, the firm earned $8.28 earnings per share. Analysts anticipate that Netflix will post 24.58 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Jay C. Hoag sold 32,515 shares of Netflix stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the completion of the transaction, the director now directly owns 79,040 shares in the company, valued at $87,099,708.80. The trade was a 29.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total value of $2,397,393.72. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,402,068.52. The trade was a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 152,300 shares of company stock worth $169,146,939 in the last quarter. Company insiders own 1.37% of the company's stock.

Institutional Trading of Netflix

A number of hedge funds have recently bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC boosted its holdings in Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 13 shares during the last quarter. Pathway Financial Advisers LLC grew its holdings in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after purchasing an additional 14 shares during the period. Brown Shipley& Co Ltd purchased a new stake in shares of Netflix during the 4th quarter worth about $27,000. Transce3nd LLC acquired a new stake in Netflix during the 4th quarter worth approximately $32,000. Finally, Newton One Investments LLC purchased a new position in Netflix in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 80.93% of the company's stock.

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.