Macquarie Forecasts Strong Price Appreciation for Netflix (NASDAQ:NFLX) Stock

Netflix (NASDAQ:NFLX) had its price target upped by research analysts at Macquarie from $795.00 to $965.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the Internet television network’s stock. Macquarie’s target price would indicate a potential upside of 15.51% from the stock’s current price.

NFLX has been the topic of a number of other research reports. Argus raised their target price on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Monday, January 6th. JPMorgan Chase & Co. lowered their price objective on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating for the company in a research report on Friday. Benchmark upped their target price on shares of Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research note on Friday, January 3rd. Citigroup lifted their price target on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Finally, Loop Capital lowered Netflix from a “buy” rating to a “hold” rating and boosted their price target for the company from $800.00 to $950.00 in a report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $832.94.

Netflix Price Performance

NASDAQ:NFLX traded down $2.28 during mid-day trading on Monday, hitting $835.41. The company’s stock had a trading volume of 1,705,488 shares, compared to its average volume of 2,875,430. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a fifty day moving average of $878.06 and a 200-day moving average of $753.78. The company has a market capitalization of $357.10 billion, a price-to-earnings ratio of 47.28, a P/E/G ratio of 1.77 and a beta of 1.27. Netflix has a fifty-two week low of $475.26 and a fifty-two week high of $941.75.

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

Insider Transactions at Netflix

In other news, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Hyman sold 267 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 156,742 shares of company stock worth $131,030,268. Insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

A number of institutional investors have recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix in the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of Netflix in the 3rd quarter worth $37,000. FSA Wealth Management LLC purchased a new stake in shares of Netflix in the third quarter valued at about $38,000. Finally, First Personal Financial Services bought a new position in shares of Netflix during the third quarter valued at about $40,000. Institutional investors own 80.93% of the company’s stock.

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.