Netflix (NASDAQ:NFLX) PT Raised to $810.00

Netflix (NASDAQ:NFLX) had its target price lifted by Guggenheim from $735.00 to $810.00 in a research note issued to investors on Friday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the Internet television network’s stock.

Several other research analysts also recently commented on NFLX. Bank of America lifted their price target on Netflix from $700.00 to $740.00 and gave the stock a buy rating in a research report on Monday, July 15th. Barclays reaffirmed an underweight rating and set a $550.00 target price on shares of Netflix in a research report on Monday, October 7th. Oppenheimer increased their price target on shares of Netflix from $725.00 to $775.00 and gave the company an outperform rating in a report on Thursday. Redburn Atlantic upped their price objective on shares of Netflix from $740.00 to $760.00 and gave the company a buy rating in a research report on Friday, July 19th. Finally, Pivotal Research lifted their target price on Netflix from $800.00 to $900.00 and gave the stock a buy rating in a research report on Friday, August 30th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $702.79.

Netflix Price Performance

Shares of Netflix stock opened at $722.79 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The firm has a fifty day simple moving average of $686.60 and a 200-day simple moving average of $651.60. The stock has a market capitalization of $311.52 billion, a price-to-earnings ratio of 50.16, a PEG ratio of 1.49 and a beta of 1.26. Netflix has a 1-year low of $344.73 and a 1-year high of $736.00.

Netflix (NASDAQ:NFLX) last released 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 during the quarter, compared to analyst estimates of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.29 EPS. On average, sell-side analysts expect that Netflix will post 19.08 earnings per share for the current year.

Insider Activity at Netflix

In other Netflix news, Director Leslie J. Kilgore sold 383 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $730.00, for a total transaction of $279,590.00. Following the sale, the director now owns 35,262 shares of the company’s stock, valued at $25,741,260. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Netflix news, Director Leslie J. Kilgore sold 383 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total value of $279,590.00. Following the transaction, the director now directly owns 35,262 shares in the company, valued at approximately $25,741,260. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The disclosure for this sale can be found here. Insiders sold 225,167 shares of company stock valued at $150,492,460 over the last ninety days. 1.76% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Wellington Management Group LLP boosted its stake in Netflix by 540.9% in the fourth 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 acquiring an additional 3,273,592 shares during the last quarter. GQG Partners LLC acquired a new stake in shares of Netflix during the first quarter worth $1,450,476,000. Jennison Associates LLC increased its holdings in Netflix by 17.0% in the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after purchasing an additional 929,193 shares during the last quarter. Global Assets Advisory LLC acquired a new position in Netflix in the first quarter valued at about $436,514,000. Finally, Jericho Capital Asset Management L.P. bought a new position in Netflix during the first quarter worth about $372,293,000. 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.