Netflix (NASDAQ:NFLX) Price Target Raised to $545.00 at Benchmark

Netflix (NASDAQ:NFLX) had its target price upped by investment analysts at Benchmark from $450.00 to $545.00 in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage currently has a “sell” rating on the Internet television network’s stock. Benchmark’s price target suggests a potential downside of 15.82% from the stock’s current price.

NFLX has been the topic of a number of other research reports. Bank of America increased their price target on shares of Netflix from $700.00 to $740.00 and gave the stock a “buy” rating in a report on Monday. BMO Capital Markets reissued an “outperform” rating and issued a $713.00 target price (up previously from $638.00) on shares of Netflix in a research note on Wednesday, April 17th. Evercore ISI lifted their price target on Netflix from $650.00 to $700.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 28th. TD Cowen increased their price objective on Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. raised their price objective on Netflix from $650.00 to $750.00 and gave the company an “overweight” rating in a report on Friday, July 12th. One 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $653.14.

Netflix Price Performance

NASDAQ:NFLX opened at $647.46 on Tuesday. The firm has a market capitalization of $279.06 billion, a price-to-earnings ratio of 44.93, a P/E/G ratio of 1.42 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a fifty day moving average of $654.66 and a 200 day moving average of $601.13. Netflix has a 52-week low of $344.73 and a 52-week high of $697.49.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data 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 company had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. Netflix’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.88 earnings per share. On average, research analysts expect that Netflix will post 18.34 EPS for the current fiscal year.

Insider Activity

In related news, Director Anne M. Sweeney sold 633 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total value of $354,480.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Netflix news, Director Anne M. Sweeney sold 633 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total transaction of $354,480.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Reed Hastings sold 22,526 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $670.49, for a total value of $15,103,457.74. Following the completion of the transaction, the chairman now owns 57 shares of the company’s stock, valued at approximately $38,217.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,385 shares of company stock valued at $44,469,351. Corporate insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Valued Wealth Advisors LLC grew its holdings in Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 20 shares during the period. VitalStone Financial LLC boosted its position in shares of Netflix by 933.3% in the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 56 shares in the last quarter. Beaird Harris Wealth Management LLC grew its stake in shares of Netflix by 1,550.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after buying an additional 62 shares during the last quarter. Scarborough Advisors LLC bought a new position in Netflix during the 4th quarter valued at approximately $32,000. Finally, Indiana Trust & Investment Management CO raised its stake in Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after buying an additional 28 shares during the last quarter. 80.93% of the stock is currently 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.