Macquarie Boosts Netflix (NASDAQ:NFLX) Price Target to $1,200.00

Netflix (NASDAQ:NFLX - Free Report) had its target price boosted by Macquarie from $1,150.00 to $1,200.00 in a research note published on Monday,Benzinga reports. Macquarie currently has an outperform rating on the Internet television network's stock.

NFLX has been the subject of several other reports. Needham & Company LLC reiterated a "buy" rating and issued a $1,126.00 target price on shares of Netflix in a research note on Thursday, April 17th. Rosenblatt Securities increased their price objective on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a report on Monday. Evercore ISI boosted their target price on shares of Netflix from $1,100.00 to $1,150.00 and gave the company an "outperform" rating in a report on Monday. Pivotal Research reaffirmed a "buy" rating and set a $1,350.00 price target (up previously from $1,250.00) on shares of Netflix in a research note on Thursday, April 17th. Finally, Piper Sandler started coverage on shares of Netflix in a report on Thursday, April 17th. They issued an "overweight" rating and a $1,100.00 price target on the stock. Ten analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,072.12.

Netflix Trading Up 0.4 %

Shares of Netflix stock traded up $4.66 during mid-day trading on Monday, hitting $1,101.53. 3,944,668 shares of the stock were exchanged, compared to its average volume of 3,710,770. The stock has a market capitalization of $471.19 billion, a price-to-earnings ratio of 55.55, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. Netflix has a twelve month low of $544.25 and a twelve month high of $1,106.80. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a 50-day simple moving average of $955.92 and a 200 day simple moving average of $903.65.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its 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. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter last year, the business earned $8.28 earnings per share. Research analysts forecast that Netflix will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In other Netflix news, Director Strive Masiyiwa sold 2,813 shares of the firm's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total value of $2,835,138.31. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 273,855 shares of company stock worth $267,474,816. 1.76% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Netflix

Hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. raised its stake in shares of Netflix by 13.3% during the third quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network's stock valued at $1,200,485,000 after purchasing an additional 198,148 shares in the last quarter. McIlrath & Eck LLC increased its stake in Netflix by 13.8% during the 3rd quarter. McIlrath & Eck LLC now owns 247 shares of the Internet television network's stock valued at $175,000 after buying an additional 30 shares during the period. Advisory Resource Group raised its position in shares of Netflix by 0.7% during the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network's stock worth $1,238,000 after buying an additional 12 shares in the last quarter. Virtu Financial LLC lifted its stake in shares of Netflix by 356.5% in the 3rd quarter. Virtu Financial LLC now owns 13,879 shares of the Internet television network's stock worth $9,844,000 after acquiring an additional 10,839 shares during the period. Finally, SOA Wealth Advisors LLC. boosted its holdings in shares of Netflix by 1.2% in the third quarter. SOA Wealth Advisors LLC. now owns 1,515 shares of the Internet television network's stock valued at $1,075,000 after acquiring an additional 18 shares in the last quarter. Institutional investors 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.