Netflix (NASDAQ:NFLX) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Netflix (NASDAQ:NFLX - Get Free Report) had its price target increased by equities research analysts at Robert W. Baird from $1,300.00 to $1,500.00 in a research report issued on Monday,Benzinga reports. The firm presently has an "outperform" rating on the Internet television network's stock. Robert W. Baird's target price indicates a potential upside of 24.04% from the company's current price.

A number of other research firms also recently commented on NFLX. Citigroup reiterated a "neutral" rating and set a $1,250.00 price objective (up from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Piper Sandler increased their price objective on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday. The Goldman Sachs Group increased their target price on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Benchmark reaffirmed a "hold" rating on shares of Netflix in a report on Monday, April 21st. Finally, Phillip Securities raised shares of Netflix from a "moderate sell" rating to a "hold" rating in a report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $1,297.66.

Netflix Price Performance

Shares of NFLX stock opened at $1,209.24 on Monday. The company has a market capitalization of $514.62 billion, a PE ratio of 51.52, a price-to-earnings-growth ratio of 2.15 and a beta of 1.59. The firm has a fifty day simple moving average of $1,232.59 and a 200-day simple moving average of $1,063.17. The company has a current ratio of 1.34, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. Netflix has a twelve month low of $587.04 and a twelve month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the prior year, the firm earned $4.88 earnings per share. The business's quarterly revenue was up 15.9% compared to the same quarter last year. Equities research analysts anticipate that Netflix will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Jeffrey William Karbowski sold 620 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total transaction of $797,840.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Strive Masiyiwa sold 290 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $1,336.54, for a total transaction of $387,596.60. The disclosure for this sale can be found here. Insiders have sold 186,563 shares of company stock worth $223,147,201 in the last three months. Company insiders own 1.37% of the company's stock.

Institutional Trading of Netflix

Several institutional investors and hedge funds have recently added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC raised its holdings in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd acquired a new position in shares of Netflix in the 4th quarter valued at approximately $27,000. Transce3nd LLC acquired a new position in Netflix during the 4th quarter worth approximately $32,000. Copia Wealth Management acquired a new stake in shares of Netflix in the 4th quarter valued at approximately $37,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of Netflix in the 1st quarter valued at approximately $37,000. 80.93% of the stock is owned by institutional investors.

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.

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