Netflix (NASDAQ:NFLX) PT Raised to $725.00

Netflix (NASDAQ:NFLX) had its price objective upped by stock analysts at Wedbush from $615.00 to $725.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the Internet television network’s stock. Wedbush’s price objective indicates a potential upside of 19.37% from the stock’s previous close.

Several other equities analysts also recently commented on NFLX. Sanford C. Bernstein increased their target price on Netflix from $390.00 to $490.00 and gave the company a “market perform” rating in a research report on Wednesday, January 24th. Pivotal Research lifted their target price on shares of Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Citigroup increased their price objective on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a report on Monday. KeyCorp lifted their target price on Netflix from $580.00 to $705.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Finally, UBS Group increased their price target on Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $583.18.

Netflix Price Performance

Shares of NFLX stock opened at $607.33 on Wednesday. The business has a fifty day simple moving average of $581.81 and a 200 day simple moving average of $487.70. The company has a market cap of $262.83 billion, a P/E ratio of 50.53, a P/E/G ratio of 1.71 and a beta of 1.22. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.69. Netflix has a twelve month low of $315.62 and a twelve month high of $634.39.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). Netflix had a return on equity of 24.76% and a net margin of 16.04%. The business had revenue of $8.83 billion for the quarter, compared to analyst estimates of $8.72 billion. During the same period in the previous year, the firm posted $0.12 EPS. The firm’s revenue was up 12.5% compared to the same quarter last year. On average, sell-side analysts forecast that Netflix will post 17.01 EPS for the current fiscal year.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 25,998 shares of Netflix stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $470.51, for a total value of $12,232,318.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Netflix news, Chairman Reed Hastings sold 25,998 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $470.51, for a total value of $12,232,318.98. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 68,957 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at $717,379.74. The disclosure for this sale can be found here. Insiders have sold 273,767 shares of company stock valued at $151,298,232 over the last ninety days. 2.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NFLX. Fairfield Bush & CO. lifted its stake in Netflix by 26.5% during the 1st quarter. Fairfield Bush & CO. now owns 2,446 shares of the Internet television network’s stock valued at $916,000 after acquiring an additional 512 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Netflix by 21.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 480,044 shares of the Internet television network’s stock valued at $179,820,000 after purchasing an additional 84,179 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Netflix by 14.2% during the first quarter. Sequoia Financial Advisors LLC now owns 2,922 shares of the Internet television network’s stock worth $1,094,000 after purchasing an additional 363 shares during the last quarter. Candriam Luxembourg S.C.A. grew its position in Netflix by 6.9% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 36,336 shares of the Internet television network’s stock worth $13,610,000 after purchasing an additional 2,358 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in Netflix by 13.1% in the 1st quarter. Brown Brothers Harriman & Co. now owns 3,808 shares of the Internet television network’s stock valued at $1,426,000 after buying an additional 441 shares during the last quarter. 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.