Evercore ISI Raises Netflix (NASDAQ:NFLX) Price Target to $950.00

Netflix (NASDAQ:NFLX) had its price objective increased by investment analysts at Evercore ISI from $775.00 to $950.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the Internet television network’s stock. Evercore ISI’s price target points to a potential upside of 5.30% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. KeyCorp increased their price target on Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Benchmark reiterated a “sell” rating and set a $545.00 price objective on shares of Netflix in a research report on Tuesday, October 15th. Oppenheimer boosted their price target on Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a research report on Friday, October 18th. Finally, TD Cowen boosted their target price on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $775.58.

Netflix Trading Up 0.5 %

NASDAQ NFLX opened at $902.17 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $385.64 billion, a P/E ratio of 51.06, a P/E/G ratio of 1.73 and a beta of 1.27. The stock’s 50-day moving average is $780.46 and its 200-day moving average is $704.75. Netflix has a one year low of $445.73 and a one year high of $908.00.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Sell-side analysts anticipate that Netflix will post 19.78 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In other Netflix news, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 209,155 shares of company stock valued at $159,682,799. 1.76% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Netflix

Several hedge funds have recently modified their holdings of NFLX. DigitalBridge Group Inc. increased its stake in shares of Netflix by 35.5% during the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after acquiring an additional 9,451 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Netflix by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock valued at $1,829,494,000 after purchasing an additional 29,726 shares in the last quarter. Natixis Advisors LLC increased its position in Netflix by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after purchasing an additional 11,921 shares during the period. Kestra Investment Management LLC purchased a new position in shares of Netflix during the 3rd quarter worth approximately $1,517,000. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of Netflix in the 3rd quarter valued at approximately $222,871,000. 80.93% of the stock is owned by institutional investors and hedge funds.

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.