Netflix (NASDAQ:NFLX) Given New $650.00 Price Target at Evercore ISI

Netflix (NASDAQ:NFLX) had its price target upped by Evercore ISI from $640.00 to $650.00 in a report released on Friday, Benzinga reports. The brokerage currently has an outperform rating on the Internet television network’s stock.

NFLX has been the subject of a number of other research reports. Guggenheim increased their target price on shares of Netflix from $600.00 to $700.00 and gave the company a buy rating in a research report on Tuesday, April 16th. DZ Bank upgraded shares of Netflix from a hold rating to a buy rating and set a $600.00 price objective for the company in a research report on Thursday, January 25th. Seaport Res Ptn lowered shares of Netflix from a buy rating to a neutral rating in a report on Tuesday, January 30th. Barclays increased their price target on Netflix from $475.00 to $550.00 and gave the stock an equal weight rating in a report on Tuesday, April 9th. Finally, TD Cowen upped their target price on Netflix from $600.00 to $725.00 and gave the company a buy rating in a research report on Monday, April 8th. One 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $630.58.

Netflix Trading Down 0.1 %

NFLX opened at $554.60 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.12. Netflix has a fifty-two week low of $315.62 and a fifty-two week high of $639.00. The company’s 50 day moving average price is $605.58 and its two-hundred day moving average price is $516.27. The firm has a market capitalization of $238.98 billion, a price-to-earnings ratio of 38.49, a PEG ratio of 1.49 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The business had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. Netflix’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.88 earnings per share. As a group, research analysts predict that Netflix will post 17.13 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 267 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were 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 directly owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider David A. Hyman sold 267 shares of the stock in a transaction 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 approximately $17,575,476.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 47,574 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $17,003,651.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 268,335 shares of company stock valued at $151,619,811. Company insiders own 2.45% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. lifted its position in shares of Netflix by 1.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 143,394 shares of the Internet television network’s stock worth $87,087,000 after acquiring an additional 2,120 shares in the last quarter. Bristlecone Advisors LLC lifted its holdings in Netflix by 2.2% during the 1st quarter. Bristlecone Advisors LLC now owns 7,097 shares of the Internet television network’s stock worth $4,310,000 after purchasing an additional 155 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in Netflix in the 1st quarter worth about $221,000. Confluence Wealth Services Inc. increased its position in shares of Netflix by 3.8% during the first quarter. Confluence Wealth Services Inc. now owns 2,187 shares of the Internet television network’s stock valued at $1,328,000 after buying an additional 81 shares during the period. Finally, Byrne Asset Management LLC grew its stake in Netflix by 111.4% during the first quarter. Byrne Asset Management LLC now owns 241 shares of the Internet television network’s stock valued at $146,000 after acquiring an additional 127 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other 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.