Netflix (NASDAQ:NFLX) Given New $760.00 Price Target at KeyCorp

Netflix (NASDAQ:NFLX) had its price target upped by analysts at KeyCorp from $735.00 to $760.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the Internet television network’s stock. KeyCorp’s price objective would indicate a potential upside of 7.15% from the stock’s previous close.

Several other research analysts have also weighed in on the company. Guggenheim boosted their price target on Netflix from $700.00 to $735.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Argus upped their price target on shares of Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Citigroup increased their price target on shares of Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. TD Cowen boosted their price objective on shares of Netflix from $725.00 to $775.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $725.00 target price on shares of Netflix in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $686.03.

Netflix Trading Up 0.3 %

Shares of NASDAQ:NFLX opened at $709.27 on Tuesday. The firm has a market cap of $305.70 billion, a price-to-earnings ratio of 49.22, a PEG ratio of 1.44 and a beta of 1.26. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix has a 12 month low of $344.73 and a 12 month high of $725.26. The company’s fifty day simple moving average is $670.86 and its 200 day simple moving average is $645.58.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. Netflix’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the company earned $3.29 earnings per share. As a group, research analysts forecast that Netflix will post 19.08 EPS for the current fiscal year.

Insider Activity

In related news, Director Jay C. Hoag sold 43,750 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $687.07, for a total value of $30,059,312.50. Following the transaction, the director now directly owns 95,040 shares in the company, valued at approximately $65,299,132.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Netflix news, Chairman Reed Hastings sold 25,599 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the transaction, the chairman now directly owns 57 shares in the company, valued at approximately $35,991.51. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jay C. Hoag sold 43,750 shares of Netflix stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the transaction, the director now directly owns 95,040 shares in the company, valued at $65,299,132.80. The disclosure for this sale can be found here. Insiders sold a total of 179,494 shares of company stock worth $118,230,884 over the last quarter. 1.76% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Heartland Bank & Trust Co increased its stake in Netflix by 0.9% in the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after buying an additional 15 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp boosted its position in Netflix by 2.8% in the first quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock worth $378,000 after purchasing an additional 17 shares during the last quarter. Private Portfolio Partners LLC increased its position in shares of Netflix by 1.7% during the 1st quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock valued at $633,000 after purchasing an additional 17 shares during the last quarter. FAS Wealth Partners Inc. raised its stake in shares of Netflix by 1.5% during the 2nd quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network’s stock worth $786,000 after purchasing an additional 17 shares during the period. Finally, Clear Point Advisors Inc. boosted its holdings in shares of Netflix by 3.9% in the 2nd quarter. Clear Point Advisors Inc. now owns 449 shares of the Internet television network’s stock worth $303,000 after buying an additional 17 shares during the last quarter. 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.