Netflix (NASDAQ:NFLX) Price Target Raised to $1,000.00

Netflix (NASDAQ:NFLX) had its price target raised by Loop Capital from $925.00 to $1,000.00 in a report published on Wednesday,Benzinga reports. They currently have a hold rating on the Internet television network’s stock.

Several other research analysts have also issued reports on the company. JPMorgan Chase & Co. increased their price target on Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Wednesday. Sanford C. Bernstein increased their price objective on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Benchmark lifted their target price on Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research note on Friday, January 3rd. UBS Group upped their price objective on Netflix from $825.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $1,175.00 price objective (up from $1,000.00) on shares of Netflix in a report on Wednesday. Nine analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average target price of $1,009.29.

Netflix Trading Down 0.7 %

Shares of NFLX stock opened at $977.59 on Wednesday. Netflix has a 1-year low of $542.01 and a 1-year high of $999.00. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The stock has a market cap of $417.88 billion, a price-to-earnings ratio of 49.30, a PEG ratio of 1.53 and a beta of 1.27. The stock has a 50-day moving average of $892.06 and a 200-day moving average of $764.95.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10,141,900 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.11 earnings per share. On average, equities research analysts forecast that Netflix will post 23.72 earnings per share for the current year.

Insider Activity

In other Netflix news, Director Jay C. Hoag sold 617 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,117 shares of company stock valued at $123,913,691. Company insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Netflix

Several hedge funds and other institutional investors have recently modified their holdings of the company. Enzi Wealth increased its position in shares of Netflix by 3.4% during the 4th quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock valued at $316,000 after purchasing an additional 11 shares during the last quarter. TCI Wealth Advisors Inc. increased its holdings in Netflix by 1.6% during the fourth quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock valued at $624,000 after buying an additional 11 shares during the last quarter. Blossom Wealth Management raised its position in Netflix by 0.9% in the fourth quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network’s stock worth $1,112,000 after acquiring an additional 11 shares during the period. Everett Harris & Co. CA boosted its stake in shares of Netflix by 1.3% during the 4th quarter. Everett Harris & Co. CA now owns 870 shares of the Internet television network’s stock worth $775,000 after acquiring an additional 11 shares during the last quarter. Finally, Advisory Resource Group grew its position in shares of Netflix by 0.7% during the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock valued at $1,238,000 after acquiring an additional 12 shares during the period. 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.