Netflix (NASDAQ:NFLX) Earns "Outperform" Rating from BMO Capital Markets

BMO Capital Markets restated their outperform rating on shares of Netflix (NASDAQ:NFLX - Free Report) in a report released on Tuesday, Marketbeat reports. They currently have a $1,425.00 price objective on the Internet television network's stock, up from their previous price objective of $1,200.00.

Several other equities analysts have also recently commented on the company. Rosenblatt Securities upped their price target on Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a report on Monday, April 21st. Citigroup reaffirmed a "neutral" rating and issued a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Cfra Research raised Netflix to a "strong-buy" rating in a report on Monday, April 28th. Pivotal Research reaffirmed a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Finally, KeyCorp upped their price objective on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $1,263.94.

Netflix Stock Performance

Shares of NASDAQ NFLX traded down $66.05 during trading hours on Tuesday, hitting $1,208.12. 3,174,645 shares of the company's stock were exchanged, compared to its average volume of 3,775,821. Netflix has a 1-year low of $587.04 and a 1-year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $514.14 billion, a price-to-earnings ratio of 57.08, a PEG ratio of 2.26 and a beta of 1.59. The company's 50-day moving average price is $1,231.20 and its 200-day moving average price is $1,058.57.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The business had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter in the previous year, the firm earned $4.88 EPS. The firm's revenue was up 15.9% compared to the same quarter last year. On average, sell-side analysts expect that Netflix will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Bradford L. Smith sold 3,919 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the transaction, the director owned 7,969 shares of the company's stock, valued at $8,959,227.94. This represents a 32.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $1,132.38, for a total value of $2,945,320.38. Following the transaction, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,179,614.58. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 186,723 shares of company stock worth $223,307,201. Company insiders own 1.37% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cooper Financial Group grew its stake in Netflix by 6.9% in the second quarter. Cooper Financial Group now owns 3,799 shares of the Internet television network's stock valued at $5,087,000 after acquiring an additional 245 shares during the period. Donald L. Hagan LLC grew its stake in Netflix by 2.4% in the second quarter. Donald L. Hagan LLC now owns 545 shares of the Internet television network's stock valued at $730,000 after acquiring an additional 13 shares during the period. FMB Wealth Management grew its stake in Netflix by 6.0% in the second quarter. FMB Wealth Management now owns 600 shares of the Internet television network's stock valued at $803,000 after acquiring an additional 34 shares during the period. Union Bancaire Privee UBP SA grew its stake in Netflix by 74.6% in the second quarter. Union Bancaire Privee UBP SA now owns 47,123 shares of the Internet television network's stock valued at $65,187,000 after acquiring an additional 20,135 shares during the period. Finally, Hansen & Associates Financial Group Inc. acquired a new position in Netflix in the second quarter valued at about $1,833,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Company Profile

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.