Analysts Set Netflix, Inc. (NASDAQ:NFLX) Price Target at $747.70

Netflix, Inc. (NASDAQ:NFLX) has been given a consensus rating of “Moderate Buy” by the thirty-five ratings firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $748.15.

A number of analysts recently commented on the company. China Renaissance assumed coverage on Netflix in a research note on Thursday, September 5th. They issued a “hold” rating and a $680.00 price target for the company. UBS Group raised their price target on Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Citigroup raised their price target on Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Oppenheimer raised their price target on Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Finally, Evercore ISI raised their price objective on Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, October 18th.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 45,290 shares of Netflix stock in a transaction dated 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 directly owns 85 shares in the company, valued at approximately $60,023.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Netflix news, Chairman Reed Hastings sold 45,290 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the completion of the sale, the chairman now directly owns 85 shares in the company, valued at $60,023.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 209,810 shares of company stock worth $142,049,542. 1.76% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Netflix

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Netflix by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock valued at $22,220,936,000 after buying an additional 149,341 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Netflix by 17.0% during the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after buying an additional 929,193 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Netflix by 116,620.0% during the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after buying an additional 5,748,200 shares in the last quarter. Baillie Gifford & Co. lifted its position in shares of Netflix by 2.3% during the 2nd quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock valued at $3,213,825,000 after buying an additional 106,756 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Netflix by 3.1% during the 2nd quarter. Legal & General Group Plc now owns 3,449,114 shares of the Internet television network’s stock valued at $2,327,738,000 after buying an additional 104,332 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

NASDAQ:NFLX opened at $753.74 on Friday. The business has a 50 day moving average price of $710.23 and a 200-day moving average price of $662.33. Netflix has a fifty-two week low of $404.63 and a fifty-two week high of $773.00. The firm has a market cap of $322.19 billion, a PE ratio of 42.66, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

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.