Netflix, Inc. (NASDAQ:NFLX) Receives $1,021.70 Average Target Price from Brokerages

Netflix, Inc. (NASDAQ:NFLX) has been given a consensus rating of “Moderate Buy” by the thirty-five analysts that are currently covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $1,021.70.

Several brokerages have recently weighed in on NFLX. Citigroup lifted their price target on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Wedbush restated an “outperform” rating and issued a $1,150.00 target price (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. upped their price target on Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Barclays raised shares of Netflix from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Finally, StockNews.com cut shares of Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday.

Insider Activity at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Timothy M. Haley sold 647 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $800.19, for a total transaction of $517,722.93. The disclosure for this sale can be found here. Insiders sold 291,585 shares of company stock worth $277,777,833 in the last ninety days. 1.76% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. West Michigan Advisors LLC raised its holdings in shares of Netflix by 1.3% during the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock valued at $692,000 after acquiring an additional 10 shares in the last quarter. Enzi Wealth raised its holdings in Netflix by 3.4% in the 4th quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock worth $316,000 after purchasing an additional 11 shares in the last quarter. TCI Wealth Advisors Inc. lifted its position in shares of Netflix by 1.6% in the 4th quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock worth $624,000 after purchasing an additional 11 shares during the period. Blossom Wealth Management boosted its stake in shares of Netflix by 0.9% during the 4th quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network’s stock valued at $1,112,000 after purchasing an additional 11 shares in the last quarter. Finally, Everett Harris & Co. CA increased its position in shares of Netflix by 1.3% during the fourth quarter. Everett Harris & Co. CA now owns 870 shares of the Internet television network’s stock valued at $775,000 after buying an additional 11 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

NFLX opened at $1,011.11 on Monday. The firm has a 50-day moving average price of $909.38 and a 200-day moving average price of $784.44. Netflix has a twelve month low of $542.01 and a twelve month high of $1,011.83. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $432.51 billion, a price-to-earnings ratio of 50.99, a PEG ratio of 2.02 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the firm earned $2.11 EPS. Netflix’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities analysts expect that Netflix will post 24.58 EPS for the current year.

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.