Netflix (NASDAQ:NFLX) Price Target Raised to $1,200.00

Netflix (NASDAQ:NFLX) had its price target lifted by Robert W. Baird from $875.00 to $1,200.00 in a report published on Wednesday,Benzinga reports. Robert W. Baird currently has an outperform rating on the Internet television network’s stock.

A number of other brokerages have also weighed in on NFLX. Needham & Company LLC raised their price target on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. KeyCorp raised their target price on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, Barclays raised their target price on shares of Netflix from $550.00 to $715.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 14th. Nine analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,009.29.

Netflix Price Performance

Shares of NFLX opened at $977.59 on Wednesday. The business’s 50-day moving average is $892.06 and its two-hundred day moving average is $764.95. The company has a market capitalization of $417.88 billion, a P/E ratio of 49.30, a P/E/G ratio of 1.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. Netflix has a fifty-two week low of $542.01 and a fifty-two week high of $999.00.

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

Insiders Place Their Bets

In other Netflix news, Director Jay C. Hoag sold 617 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 41,601 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the completion of the transaction, the chairman now owns 85 shares of the company’s stock, valued at approximately $64,435.10. This trade represents a 99.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,117 shares of company stock worth $123,913,691 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Netflix

Institutional investors have recently modified their holdings of the business. Epoch Investment Partners Inc. grew its stake in shares of Netflix by 27.1% during the second quarter. Epoch Investment Partners Inc. now owns 544 shares of the Internet television network’s stock worth $367,000 after purchasing an additional 116 shares in the last quarter. Mill Creek Capital Advisors LLC grew its stake in shares of Netflix by 24.8% during the second quarter. Mill Creek Capital Advisors LLC now owns 433 shares of the Internet television network’s stock worth $292,000 after purchasing an additional 86 shares in the last quarter. Clear Point Advisors Inc. grew its stake in shares of Netflix by 3.9% during the second quarter. Clear Point Advisors Inc. now owns 449 shares of the Internet television network’s stock worth $303,000 after purchasing an additional 17 shares in the last quarter. Insigneo Advisory Services LLC grew its stake in shares of Netflix by 10.6% during the second quarter. Insigneo Advisory Services LLC now owns 8,230 shares of the Internet television network’s stock worth $5,554,000 after purchasing an additional 786 shares in the last quarter. Finally, Fred Alger Management LLC grew its stake in shares of Netflix by 4.7% during the second quarter. Fred Alger Management LLC now owns 465,249 shares of the Internet television network’s stock worth $313,987,000 after purchasing an additional 20,962 shares in the last quarter. Institutional investors and hedge funds 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.