Netflix (NASDAQ:NFLX) Price Target Raised to $950.00

Netflix (NASDAQ:NFLX) had its price target lifted by equities researchers at Guggenheim from $825.00 to $950.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the Internet television network’s stock. Guggenheim’s price target indicates a potential upside of 14.68% from the company’s previous close.

A number of other brokerages have also recently issued reports on NFLX. Argus upped their price objective on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Monday, January 6th. UBS Group increased their price objective on Netflix from $825.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Morgan Stanley boosted their target price on Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. BMO Capital Markets reiterated an “outperform” rating and set a $825.00 price target (up previously from $770.00) on shares of Netflix in a report on Friday, October 18th. Finally, Macquarie restated an “outperform” rating and issued a $795.00 price objective on shares of Netflix in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $841.27.

Netflix Stock Performance

Shares of NFLX stock opened at $828.40 on Monday. Netflix has a fifty-two week low of $475.26 and a fifty-two week high of $941.75. The stock’s 50-day moving average is $881.04 and its two-hundred day moving average is $755.96. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $354.11 billion, a P/E ratio of 46.88, a PEG ratio of 1.77 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating the consensus estimate of $5.09 by $0.31. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Analysts predict that Netflix will post 19.78 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In other Netflix news, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the sale, the director now directly owns 246 shares of the company’s stock, valued at approximately $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 156,742 shares of company stock valued at $131,030,268. 1.76% of the stock is owned by insiders.

Institutional Trading of Netflix

Several large investors have recently made changes to their positions in NFLX. Mason & Associates Inc bought a new position in shares of Netflix in the fourth quarter valued at about $265,000. Stonebridge Capital Management Inc. acquired a new stake in Netflix in the 4th quarter valued at about $227,000. Financial Enhancement Group LLC bought a new position in shares of Netflix in the fourth quarter worth about $338,000. Essex Savings Bank increased its holdings in shares of Netflix by 4.5% in the fourth quarter. Essex Savings Bank now owns 1,844 shares of the Internet television network’s stock valued at $1,644,000 after purchasing an additional 79 shares in the last quarter. Finally, ERn Financial LLC lifted its stake in shares of Netflix by 6.1% during the fourth quarter. ERn Financial LLC now owns 1,207 shares of the Internet television network’s stock valued at $1,075,000 after acquiring an additional 69 shares during the period. Institutional investors 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.