Wedbush Reaffirms "Outperform" Rating for Netflix (NASDAQ:NFLX)

Netflix (NASDAQ:NFLX - Get Free Report)'s stock had its "outperform" rating reissued by stock analysts at Wedbush in a report released on Monday,RTT News reports. They currently have a $1,200.00 target price on the Internet television network's stock. Wedbush's target price points to a potential upside of 5.36% from the company's previous close.

Several other research firms also recently weighed in on NFLX. Morgan Stanley lifted their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Netflix from $650.00 to $875.00 and gave the company a "hold" rating in a report on Wednesday, January 22nd. The Goldman Sachs Group lifted their price target on Netflix from $850.00 to $960.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Barclays upped their target price on shares of Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a report on Monday, April 21st. Finally, Canaccord Genuity Group raised their price target on Netflix from $1,150.00 to $1,200.00 and gave the company a "buy" rating in a report on Monday, April 21st. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,084.91.

Netflix Stock Down 1.5 %

NFLX traded down $17.59 during mid-day trading on Monday, reaching $1,138.90. 3,624,735 shares of the stock were exchanged, compared to its average volume of 3,722,109. Netflix has a 1 year low of $580.25 and a 1 year high of $1,159.44. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $484.68 billion, a PE ratio of 57.44, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. The company has a 50 day moving average price of $968.34 and a two-hundred day moving average price of $920.97.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the prior year, the firm posted $8.28 EPS. As a group, research analysts anticipate that Netflix will post 24.58 EPS for the current year.

Insider Activity

In related news, insider David A. Hyman sold 424 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $994.63, for a total transaction of $421,723.12. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $31,440,254.30. This represents a 1.32 % 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 160 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 148,010 shares of company stock worth $152,760,770 over the last ninety days. Corporate insiders own 1.76% of the company's stock.

Institutional Trading of Netflix

A number of large investors have recently modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC boosted its position in shares of Netflix by 100.0% in 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 in the last quarter. Brown Shipley& Co Ltd purchased a new stake in shares of Netflix in the fourth quarter worth about $27,000. Pathway Financial Advisers LLC raised its position in Netflix by 82.4% during the fourth 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 acquired a new position in shares of Netflix in the 4th quarter valued at $32,000. Finally, Newton One Investments LLC purchased a new stake in shares of Netflix during the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

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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