Brokerages Set Netflix, Inc. (NASDAQ:NFLX) Price Target at $787.85

Shares of Netflix, Inc. (NASDAQ:NFLX) have been assigned an average rating of “Moderate Buy” from the thirty-five ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and twenty-three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $801.18.

A number of equities research analysts have recently issued reports on NFLX shares. Wolfe Research restated an “outperform” rating on shares of Netflix in a research report on Friday, October 18th. Evercore ISI upped their target price on Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. JPMorgan Chase & Co. lifted their price target on Netflix from $850.00 to $1,010.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Oppenheimer upped their price objective on shares of Netflix from $825.00 to $1,065.00 and gave the company an “outperform” rating in a report on Monday. Finally, UBS Group lifted their target price on shares of Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, October 18th.

Insider Buying and Selling at Netflix

In other news, Director Leslie J. Kilgore sold 428 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $715.00, for a total transaction of $306,020.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Reed Hastings sold 45,290 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were 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 approximately $60,023.60. This trade represents a 99.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 165,405 shares of company stock valued at $129,623,487 in the last 90 days. Company insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Netflix

A number of institutional investors and hedge funds have recently modified their holdings of the company. Denver PWM LLC purchased a new stake in Netflix during the 2nd quarter worth about $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix during the 3rd quarter worth about $25,000. Proffitt & Goodson Inc. lifted its stake in Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new position in Netflix in the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

Netflix stock opened at $919.13 on Friday. The company has a fifty day simple moving average of $822.35 and a 200-day simple moving average of $724.17. The firm has a market capitalization of $392.89 billion, a price-to-earnings ratio of 52.02, a PEG ratio of 1.80 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix has a 52-week low of $461.86 and a 52-week high of $941.75.

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