Netflix (NASDAQ:NFLX) Given New $825.00 Price Target at Oppenheimer

Netflix (NASDAQ:NFLX) had its price target raised by Oppenheimer from $775.00 to $825.00 in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm currently has an outperform rating on the Internet television network’s stock.

A number of other research firms also recently issued reports on NFLX. The Goldman Sachs Group increased their price objective on Netflix from $650.00 to $659.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Guggenheim increased their price objective on Netflix from $735.00 to $810.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Redburn Atlantic increased their price objective on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, July 19th. China Renaissance started coverage on Netflix in a report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price objective for the company. Finally, UBS Group increased their price objective on Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $747.70.

Netflix Price Performance

Shares of Netflix stock opened at $772.07 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The company has a market cap of $332.76 billion, a PE ratio of 53.58, a P/E/G ratio of 1.49 and a beta of 1.26. The business has a 50 day moving average of $699.16 and a 200 day moving average of $656.21. Netflix has a 52 week low of $395.62 and a 52 week high of $773.00.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $19,128,159.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $19,128,159.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Reed Hastings sold 25,599 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $631.43, for a total value of $16,163,976.57. Following the completion of the transaction, the chairman now directly owns 57 shares in the company, valued at $35,991.51. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 229,711 shares of company stock valued at $153,905,830 over the last quarter. 1.76% of the stock is currently owned by company insiders.

Institutional Trading of Netflix

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. DigitalBridge Group Inc. raised its stake in Netflix by 35.5% during the 2nd quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after purchasing an additional 9,451 shares during the period. M&G Plc bought a new stake in Netflix during the 1st quarter valued at approximately $9,682,000. BSN CAPITAL PARTNERS Ltd raised its stake in Netflix by 24.4% during the 1st quarter. BSN CAPITAL PARTNERS Ltd now owns 250,000 shares of the Internet television network’s stock valued at $155,185,000 after purchasing an additional 49,000 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Netflix by 58.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock valued at $55,968,000 after purchasing an additional 30,511 shares during the period. Finally, First Trust Direct Indexing L.P. raised its stake in Netflix by 14.9% during the 1st quarter. First Trust Direct Indexing L.P. now owns 10,330 shares of the Internet television network’s stock valued at $6,274,000 after purchasing an additional 1,342 shares during the period. 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.