Netflix (NASDAQ:NFLX) Given New $800.00 Price Target at Loop Capital

Netflix (NASDAQ:NFLX) had its price target hoisted by research analysts at Loop Capital from $750.00 to $800.00 in a research report issued on Wednesday, Briefing.com reports. The firm presently has a “buy” rating on the Internet television network’s stock. Loop Capital’s price target would suggest a potential upside of 13.32% from the company’s previous close.

A number of other research analysts have also recently weighed in on the stock. Oppenheimer lifted their price objective on shares of Netflix from $725.00 to $775.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Argus lifted their price objective on shares of Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. Rosenblatt Securities restated a “neutral” rating and issued a $635.00 price objective on shares of Netflix in a report on Friday, September 20th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Citigroup lifted their price objective on shares of Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $704.26.

Netflix Price Performance

Shares of NFLX opened at $705.98 on Wednesday. Netflix has a 1-year low of $344.73 and a 1-year high of $736.00. The stock has a market cap of $304.28 billion, a PE ratio of 48.99, a P/E/G ratio of 1.49 and a beta of 1.26. The firm has a 50-day simple moving average of $690.82 and a two-hundred day simple moving average of $653.04. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. During the same period last year, the business earned $3.29 earnings per share. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, analysts forecast that Netflix will post 19.08 EPS for the current year.

Insider Activity at Netflix

In related news, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Netflix news, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were 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 trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The disclosure for this sale can be found here. Insiders sold a total of 225,167 shares of company stock worth $150,492,460 in the last 90 days. 1.76% of the stock is owned by insiders.

Hedge Funds Weigh In On Netflix

Institutional investors have recently bought and sold shares of the company. Scarborough Advisors LLC acquired a new position in shares of Netflix during the 4th quarter worth $32,000. Ferguson Wellman Capital Management Inc. grew its stake in shares of Netflix by 5.6% during the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 599 shares of the Internet television network’s stock worth $364,000 after purchasing an additional 32 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in shares of Netflix by 7.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,191 shares of the Internet television network’s stock worth $723,000 after purchasing an additional 86 shares during the period. Perpetual Ltd grew its stake in shares of Netflix by 216.8% during the 1st quarter. Perpetual Ltd now owns 3,054 shares of the Internet television network’s stock worth $1,855,000 after purchasing an additional 2,090 shares during the period. Finally, Signal Advisors Wealth LLC acquired a new position in shares of Netflix during the 1st quarter worth $536,000. 80.93% of the stock is owned by institutional investors and hedge funds.

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.