Netflix (NASDAQ:NFLX) PT Raised to $760.00 at KeyCorp

Netflix (NASDAQ:NFLX) had its price objective increased by KeyCorp from $735.00 to $760.00 in a report issued on Tuesday, Marketbeat Ratings reports. The firm currently has an “overweight” rating on the Internet television network’s stock. KeyCorp’s target price suggests a potential upside of 6.88% from the stock’s current price.

NFLX has been the subject of several other reports. Pivotal Research boosted their price target on Netflix from $800.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Redburn Atlantic upped their target price on Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Loop Capital raised their price target on Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. TD Cowen upped their price objective on shares of Netflix from $725.00 to $775.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Finally, Guggenheim increased their price objective on shares of Netflix from $700.00 to $735.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average target price of $686.03.

Netflix Stock Up 0.7 %

NFLX stock opened at $711.09 on Tuesday. Netflix has a fifty-two week low of $344.73 and a fifty-two week high of $725.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $306.48 billion, a price-to-earnings ratio of 49.35, a PEG ratio of 1.44 and a beta of 1.26. The business’s fifty day moving average price is $673.63 and its two-hundred day moving average price is $646.74.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The business had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. Netflix’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period last year, the firm earned $3.29 earnings per share. On average, equities analysts anticipate that Netflix will post 19.08 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Gregory K. Peters sold 4,392 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at $9,490,250. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider David A. Hyman sold 20,656 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 224,784 shares of company stock valued at $150,212,870. 1.76% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. DigitalBridge Group Inc. raised its holdings in shares of Netflix by 35.5% in the 2nd quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after acquiring an additional 9,451 shares during the last quarter. M&G Plc bought a new position in shares of Netflix in the first quarter valued at approximately $9,682,000. BSN CAPITAL PARTNERS Ltd boosted its position in shares of Netflix by 24.4% during the first quarter. BSN CAPITAL PARTNERS Ltd now owns 250,000 shares of the Internet television network’s stock valued at $155,185,000 after buying an additional 49,000 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Netflix by 58.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock worth $55,968,000 after buying an additional 30,511 shares in the last quarter. Finally, Scarborough Advisors LLC bought a new stake in Netflix during the fourth quarter worth $9,513,000. 80.93% of the stock is owned by institutional investors.

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.