Netflix (NASDAQ:NFLX - Get Free Report) had its price target increased by equities researchers at Oppenheimer from $1,200.00 to $1,425.00 in a report issued on Thursday, MarketBeat Ratings reports. The brokerage presently has an "outperform" rating on the Internet television network's stock. Oppenheimer's price target points to a potential upside of 17.28% from the company's current price.
NFLX has been the topic of a number of other reports. Rosenblatt Securities raised their price objective on Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Moffett Nathanson restated a "buy" rating and issued a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. BMO Capital Markets restated an "outperform" rating and issued a $1,200.00 price objective (up from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Wells Fargo & Company raised their price objective on Netflix from $1,210.00 to $1,222.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, Wolfe Research set a $1,340.00 price objective on Netflix and gave the stock an "outperform" rating in a report on Friday, May 16th. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,156.73.
Get Our Latest Stock Analysis on NFLX
Netflix Trading Down 0.4%
NASDAQ NFLX traded down $4.85 during trading hours on Thursday, hitting $1,215.03. 2,079,198 shares of the company's stock were exchanged, compared to its average volume of 3,762,526. The business's 50 day moving average is $1,113.54 and its 200-day moving average is $996.91. Netflix has a 12-month low of $587.04 and a 12-month high of $1,262.81. The firm has a market capitalization of $517.08 billion, a P/E ratio of 61.27, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.
Netflix (NASDAQ:NFLX - Get Free Report) last released its 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 return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the prior year, the business posted $8.28 earnings per share. As a group, analysts anticipate that Netflix will post 24.58 EPS for the current fiscal year.
Insider Transactions at Netflix
In related news, Chairman Reed Hastings sold 25,360 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total value of $23,360,364.00. Following the sale, the chairman now owns 394 shares of the company's stock, valued at approximately $362,933.10. This trade represents a 98.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total value of $469,526.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,140 shares of company stock worth $210,271,552. 1.37% of the stock is currently owned by corporate insiders.
Institutional Trading of Netflix
Hedge funds have recently made changes to their positions in the stock. Halbert Hargrove Global Advisors LLC raised its stake 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 valued at $25,000 after acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd bought a new stake in Netflix during the 4th quarter valued at $27,000. Pathway Financial Advisers LLC raised its stake in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after acquiring an additional 14 shares in the last quarter. Transce3nd LLC bought a new stake in Netflix during the 4th quarter valued at $32,000. Finally, Flaharty Asset Management LLC bought a new stake in Netflix during the 1st quarter valued at $37,000. Institutional investors own 80.93% of the company's stock.
Netflix Company Profile
(
Get Free Report)
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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