Netflix (NASDAQ:NFLX) PT Raised to $707.00

Netflix (NASDAQ:NFLX) had its price objective boosted by KeyCorp from $705.00 to $707.00 in a report issued on Thursday morning, Benzinga reports. KeyCorp currently has an overweight rating on the Internet television network’s stock.

NFLX has been the subject of a number of other reports. Wells Fargo & Company boosted their price target on Netflix from $650.00 to $726.00 and gave the company an overweight rating in a report on Friday, April 19th. StockNews.com raised shares of Netflix from a hold rating to a buy rating in a report on Monday, February 26th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Netflix from $525.00 to $550.00 and gave the company a hold rating in a report on Monday, April 15th. Jefferies Financial Group reaffirmed a buy rating and set a $655.00 price objective on shares of Netflix in a research report on Wednesday, May 15th. Finally, Piper Sandler raised their target price on shares of Netflix from $550.00 to $600.00 and gave the stock a neutral rating in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, Netflix presently has an average rating of Moderate Buy and an average price target of $632.06.

Netflix Trading Up 2.5 %

NASDAQ NFLX opened at $669.38 on Thursday. The company has a market capitalization of $288.50 billion, a price-to-earnings ratio of 46.45, a price-to-earnings-growth ratio of 1.41 and a beta of 1.26. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. Netflix has a 12 month low of $344.73 and a 12 month high of $675.58. The company’s fifty day moving average price is $615.54 and its two-hundred day moving average price is $569.03.

Netflix (NASDAQ:NFLX) last issued its quarterly 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. The business had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.88 earnings per share. As a group, research analysts predict that Netflix will post 18.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Anne M. Sweeney sold 633 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total transaction of $354,480.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Anne M. Sweeney sold 633 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total transaction of $354,480.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 18,361 shares of Netflix stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total value of $10,126,825.94. Following the completion of the transaction, the chairman now owns 28 shares in the company, valued at $15,443.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,994 shares of company stock worth $42,036,266. 1.76% of the stock is owned by corporate insiders.

Institutional Trading of Netflix

Institutional investors and hedge funds have recently bought and sold shares of the stock. American Trust acquired a new position in Netflix in the 1st quarter worth approximately $288,000. OMC Financial Services LTD purchased a new stake in shares of Netflix in the first quarter valued at $1,065,000. EverSource Wealth Advisors LLC boosted its position in shares of Netflix by 8.8% in the first quarter. EverSource Wealth Advisors LLC now owns 4,277 shares of the Internet television network’s stock worth $2,598,000 after buying an additional 345 shares during the period. Westwood Holdings Group Inc. grew its holdings in shares of Netflix by 24.8% during the first quarter. Westwood Holdings Group Inc. now owns 3,570 shares of the Internet television network’s stock valued at $2,168,000 after buying an additional 710 shares in the last quarter. Finally, Objective Capital Management LLC acquired a new position in Netflix during the first quarter valued at $363,000. Institutional investors and hedge funds 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.