Netflix (NASDAQ:NFLX) Rating Reiterated by Oppenheimer

Oppenheimer restated their outperform rating on shares of Netflix (NASDAQ:NFLX) in a research note issued to investors on Friday, Benzinga reports. Oppenheimer currently has a $725.00 price objective on the Internet television network’s stock.

Other equities research analysts have also recently issued research reports about the company. Redburn Atlantic raised their target price on Netflix from $550.00 to $610.00 and gave the stock a buy rating in a research note on Wednesday, January 24th. Barclays raised their price objective on Netflix from $475.00 to $550.00 and gave the company an equal weight rating in a research note on Tuesday, April 9th. Rosenblatt Securities reduced their price objective on Netflix from $554.00 to $540.00 and set a neutral rating for the company in a research note on Friday. Needham & Company LLC raised Netflix from a hold rating to a buy rating and set a $700.00 price objective for the company in a research note on Friday. Finally, DZ Bank raised Netflix from a hold rating to a buy rating and set a $600.00 price objective for the company in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $630.58.

Netflix Trading Down 9.1 %

NASDAQ NFLX opened at $555.04 on Friday. The business has a 50 day simple moving average of $605.65 and a 200 day simple moving average of $513.07. Netflix has a one year low of $315.62 and a one year high of $639.00. The stock has a market capitalization of $240.20 billion, a P/E ratio of 38.52, a P/E/G ratio of 1.64 and a beta of 1.22. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.12.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 29.46% and a net margin of 18.42%. The business had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same quarter last year, the firm posted $2.88 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. Research analysts expect that Netflix will post 17.08 earnings per share for the current year.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Netflix news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $17,575,476.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory K. Peters sold 13,655 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $543.80, for a total value of $7,425,589.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $7,118,342. The disclosure for this sale can be found here. Insiders have sold 268,335 shares of company stock valued at $151,619,811 over the last ninety days. 2.45% of the stock is owned by insiders.

Institutional Trading of Netflix

A number of large investors have recently modified their holdings of NFLX. Authentikos Wealth Advisory LLC purchased a new stake in Netflix during the third quarter worth $25,000. Spartan Planning & Wealth Management purchased a new stake in Netflix during the third quarter worth $26,000. Carmel Capital Partners LLC lifted its holdings in Netflix by 290.0% during the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after buying an additional 58 shares during the period. VitalStone Financial LLC lifted its holdings in Netflix by 933.3% during the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after buying an additional 56 shares during the period. Finally, Aspect Partners LLC purchased a new stake in Netflix during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Company Profile

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.