Netflix (NASDAQ:NFLX) PT Raised to $795.00 at Macquarie

Netflix (NASDAQ:NFLX) had its target price raised by Macquarie from $695.00 to $795.00 in a report released on Friday morning, Benzinga reports. Macquarie currently has an outperform rating on the Internet television network’s stock.

NFLX has been the subject of several other reports. Barclays reaffirmed an underweight rating and set a $550.00 target price on shares of Netflix in a research report on Monday, October 7th. KeyCorp raised their price objective on shares of Netflix from $735.00 to $760.00 and gave the stock an overweight rating in a report on Tuesday, October 1st. Guggenheim boosted their target price on shares of Netflix from $735.00 to $810.00 and gave the company a buy rating in a research note on Friday. Pivotal Research raised their price target on shares of Netflix from $800.00 to $900.00 and gave the stock a buy rating in a research note on Friday, August 30th. Finally, Argus upped their price objective on Netflix from $660.00 to $767.00 and gave the company a buy rating in a research note on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat.com, Netflix has an average rating of Moderate Buy and a consensus target price of $702.79.

Netflix Stock Down 1.0 %

NFLX stock opened at $722.79 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $311.52 billion, a PE ratio of 50.16, a P/E/G ratio of 1.49 and a beta of 1.26. The stock’s 50 day moving average is $686.60 and its 200-day moving average is $651.60. Netflix has a twelve month low of $344.73 and a twelve month high of $736.00.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The firm had revenue of $9.56 billion for 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%. The company’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.29 EPS. Sell-side analysts expect that Netflix will post 19.08 EPS for the current fiscal year.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total value of $31,981,986.40. Following the transaction, the chairman now owns 85 shares of the company’s stock, valued at $60,023.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Netflix news, Chairman Reed Hastings sold 45,290 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total value of $31,981,986.40. Following the completion of the sale, the chairman now owns 85 shares of the company’s stock, valued at $60,023.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The disclosure for this sale can be found here. In the last ninety days, insiders sold 225,167 shares of company stock valued at $150,492,460. Insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Netflix by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock worth $22,220,936,000 after acquiring an additional 149,341 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Netflix by 17.0% in the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after purchasing an additional 929,193 shares during the last quarter. Baillie Gifford & Co. increased its stake in shares of Netflix by 2.3% in the second quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock worth $3,213,825,000 after buying an additional 106,756 shares during the period. Fisher Asset Management LLC raised its holdings in Netflix by 1.8% during the 4th quarter. Fisher Asset Management LLC now owns 4,115,613 shares of the Internet television network’s stock valued at $2,003,810,000 after buying an additional 72,807 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Netflix by 540.9% during the 4th quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock valued at $1,888,503,000 after buying an additional 3,273,592 shares during the period. 80.93% of the stock is owned by institutional investors.

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.