Netflix (NASDAQ:NFLX) Given New $1,300.00 Price Target at Robert W. Baird

Netflix (NASDAQ:NFLX - Get Free Report) had its price objective boosted by equities research analysts at Robert W. Baird from $1,200.00 to $1,300.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the Internet television network's stock. Robert W. Baird's price objective suggests a potential upside of 9.62% from the stock's previous close.

A number of other research firms have also recently weighed in on NFLX. Arete Research upgraded shares of Netflix to a "hold" rating in a research report on Thursday, January 23rd. Piper Sandler set a $1,150.00 target price on shares of Netflix and gave the company an "overweight" rating in a research note on Monday, April 21st. StockNews.com lowered shares of Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Loop Capital reissued a "hold" rating on shares of Netflix in a research note on Monday, March 24th. Finally, Benchmark reissued a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,093.39.

Netflix Price Performance

NFLX traded up $7.93 during trading hours on Friday, hitting $1,185.91. The company's stock had a trading volume of 1,172,931 shares, compared to its average volume of 3,748,821. The business's 50-day moving average price is $1,003.42 and its 200-day moving average price is $942.62. Netflix has a 12 month low of $587.04 and a 12 month high of $1,197.39. The stock has a market cap of $504.69 billion, a price-to-earnings ratio of 59.79, a P/E/G ratio of 2.12 and a beta of 1.58. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping 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 company had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. During the same quarter in the previous year, the business posted $8.28 earnings per share. Sell-side analysts expect that Netflix will post 24.58 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In related news, CAO Jeffrey William Karbowski sold 160 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Bradford L. Smith sold 3,919 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the completion of the sale, the director now owns 7,969 shares in the company, valued at approximately $8,959,227.94. This trade represents a 32.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 132,868 shares of company stock worth $138,483,256 in the last quarter. Company insiders own 1.76% of the company's stock.

Institutional Trading of Netflix

Several institutional investors and hedge funds have recently bought and sold shares of NFLX. Redhawk Wealth Advisors Inc. grew its position in Netflix by 4.1% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 816 shares of the Internet television network's stock valued at $727,000 after acquiring an additional 32 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of Netflix by 137.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,508 shares of the Internet television network's stock worth $1,344,000 after buying an additional 874 shares in the last quarter. Ritholtz Wealth Management grew its position in shares of Netflix by 3.4% during the fourth quarter. Ritholtz Wealth Management now owns 6,021 shares of the Internet television network's stock worth $5,367,000 after buying an additional 200 shares in the last quarter. Retireful LLC grew its position in shares of Netflix by 81.4% during the fourth quarter. Retireful LLC now owns 1,638 shares of the Internet television network's stock worth $1,460,000 after buying an additional 735 shares in the last quarter. Finally, Capital Advisors Wealth Management LLC acquired a new position in shares of Netflix during the fourth quarter worth about $309,000. 80.93% of the stock is currently owned by hedge funds and other 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.

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