Analysts Set Netflix, Inc. (NASDAQ:NFLX) PT at $824.30

Shares of Netflix, Inc. (NASDAQ:NFLX) have been given a consensus recommendation of “Moderate Buy” by the thirty-five brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-three have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $845.82.

NFLX has been the topic of a number of recent research reports. UBS Group lifted their price target on shares of Netflix from $825.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Needham & Company LLC lifted their target price on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Oppenheimer decreased their price target on Netflix from $1,065.00 to $1,040.00 and set an “outperform” rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price objective on Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Wedbush reissued an “outperform” rating and set a $950.00 target price (up previously from $800.00) on shares of Netflix in a research report on Monday, November 18th.

Insiders Place Their Bets

In related news, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the transaction, the director now directly owns 246 shares of the company’s stock, valued at approximately $216,327.48. The trade was a 96.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 267 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the transaction, the insider now 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 ninety days, insiders sold 156,742 shares of company stock valued at $131,030,268. Corporate insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NFLX. RPg Family Wealth Advisory LLC purchased a new position in Netflix in the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares during the period. MidAtlantic Capital Management Inc. purchased a new position in shares of Netflix during the 3rd quarter valued at $37,000. FSA Wealth Management LLC purchased a new position in shares of Netflix during the 3rd quarter valued at $38,000. Finally, First Personal Financial Services bought a new position in shares of Netflix during the 3rd quarter worth $40,000. 80.93% of the stock is owned by institutional investors.

Netflix Stock Performance

Shares of NFLX stock opened at $848.26 on Thursday. The firm has a market capitalization of $362.60 billion, a price-to-earnings ratio of 48.01, a PEG ratio of 1.35 and a beta of 1.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The business’s 50-day moving average price is $881.04 and its 200-day moving average price is $755.96. Netflix has a 12 month low of $475.26 and a 12 month high of $941.75.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Equities research analysts forecast that Netflix will post 19.78 EPS for the current year.

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.