Netflix (NASDAQ:NFLX - Get Free Report) had its target price hoisted by research analysts at Piper Sandler from $1,150.00 to $1,400.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the Internet television network's stock. Piper Sandler's price objective points to a potential upside of 12.44% from the stock's previous close.
NFLX has been the topic of a number of other reports. Pivotal Research reiterated a "buy" rating on shares of Netflix in a research note on Thursday. Wells Fargo & Company increased their price objective on shares of Netflix from $1,222.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, June 20th. Oppenheimer increased their price objective on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. Evercore ISI reiterated an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. Finally, Robert W. Baird raised their target price on shares of Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $1,214.52.
Get Our Latest Stock Report on NFLX
Netflix Trading Down 0.4%
NFLX stock traded down $5.48 during mid-day trading on Friday, reaching $1,245.11. The company had a trading volume of 3,948,915 shares, compared to its average volume of 3,766,443. 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 company has a market capitalization of $529.88 billion, a PE ratio of 58.84, a price-to-earnings-growth ratio of 2.27 and a beta of 1.59. The firm has a 50 day moving average of $1,221.70 and a 200 day moving average of $1,049.04. Netflix has a 12 month low of $587.04 and a 12 month high of $1,341.15.
Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same period in the prior year, the firm earned $8.28 EPS. On average, equities analysts predict that Netflix will post 24.58 earnings per share for the current fiscal year.
Insider Buying and Selling at Netflix
In related news, Director Reed Hastings sold 26,977 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the completion of the transaction, the director owned 394 shares of the company's stock, valued at $446,421.70. This trade represents a 98.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $1,132.38, for a total transaction of $2,945,320.38. Following the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at approximately $4,179,614.58. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 186,723 shares of company stock worth $223,307,201. 1.37% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC raised its holdings in shares of Netflix by 100.0% during the first 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 purchased a new position in Netflix in the fourth quarter valued at $27,000. Transce3nd LLC purchased a new position in Netflix in the fourth quarter valued at $32,000. Copia Wealth Management purchased a new position in Netflix in the fourth quarter valued at $37,000. Finally, Flaharty Asset Management LLC purchased a new position in Netflix in the first quarter valued at $37,000. Hedge funds and other 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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