Deutsche Bank Aktiengesellschaft Increases Netflix (NASDAQ:NFLX) Price Target to $550.00

Netflix (NASDAQ:NFLX) had its price target hoisted by equities researchers at Deutsche Bank Aktiengesellschaft from $525.00 to $550.00 in a research note issued on Monday, Marketbeat Ratings reports. The firm currently has a “hold” rating on the Internet television network’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential downside of 10.93% from the stock’s current price.

NFLX has been the subject of a number of other reports. Oppenheimer lifted their price objective on Netflix from $615.00 to $725.00 and gave the company an “outperform” rating in a report on Monday, March 11th. BMO Capital Markets increased their price target on Netflix from $566.00 to $638.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Jefferies Financial Group raised their price target on Netflix from $580.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, March 12th. Loop Capital boosted their price objective on Netflix from $585.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Finally, Citigroup increased their target price on Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $603.48.

Netflix Price Performance

Shares of Netflix stock opened at $617.52 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.12. Netflix has a fifty-two week low of $315.62 and a fifty-two week high of $639.00. The firm has a fifty day moving average price of $603.65 and a two-hundred day moving average price of $510.44. The company has a market cap of $267.24 billion, a PE ratio of 51.42, a price-to-earnings-growth ratio of 1.69 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The business had revenue of $8.83 billion during the quarter, compared to the consensus estimate of $8.72 billion. Netflix had a net margin of 16.04% and a return on equity of 24.76%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.12 EPS. Analysts expect that Netflix will post 17.02 EPS for the current year.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 13,655 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $543.80, for a total transaction of $7,425,589.00. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $7,118,342. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the transaction, the chairman now owns 28 shares in the company, valued at $17,091.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory K. Peters sold 13,655 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $543.80, for a total transaction of $7,425,589.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $7,118,342. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 268,335 shares of company stock worth $151,619,811. 2.45% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Netflix

Large investors have recently added to or reduced their stakes in the company. Columbia Trust Co 01012016 raised its holdings in shares of Netflix by 15.3% in the fourth quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock valued at $762,000 after purchasing an additional 208 shares during the last quarter. Crumly & Associates Inc. increased its stake in Netflix by 4.1% in the 4th quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock valued at $1,025,000 after buying an additional 83 shares during the last quarter. Venture Visionary Partners LLC lifted its position in Netflix by 15.4% during the 4th quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock worth $4,795,000 after buying an additional 1,318 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Netflix by 142.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock worth $252,085,000 after buying an additional 392,427 shares during the last quarter. Finally, Smith Anglin Financial LLC grew its holdings in shares of Netflix by 7.7% in the 3rd quarter. Smith Anglin Financial LLC now owns 546 shares of the Internet television network’s stock valued at $206,000 after acquiring an additional 39 shares in 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.