Netflix (NASDAQ:NFLX) Rating Reiterated by BMO Capital Markets

Netflix (NASDAQ:NFLX)‘s stock had its “outperform” rating reissued by analysts at BMO Capital Markets in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $713.00 target price on the Internet television network’s stock, up from their prior target price of $638.00. BMO Capital Markets’ target price indicates a potential upside of 16.78% from the company’s previous close.

A number of other equities analysts have also recently issued reports on NFLX. Loop Capital boosted their price objective on shares of Netflix from $585.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Barclays boosted their price target on shares of Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Redburn Atlantic boosted their price target on shares of Netflix from $550.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Finally, Bank of America boosted their price target on shares of Netflix from $585.00 to $650.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $614.75.

Netflix Price Performance

NFLX stock opened at $610.56 on Wednesday. The firm’s 50-day moving average price is $605.77 and its two-hundred day moving average price is $511.86. Netflix has a 12-month low of $315.62 and a 12-month high of $639.00. The stock has a market capitalization of $264.23 billion, a price-to-earnings ratio of 50.84, a PEG ratio of 1.67 and a beta of 1.22. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 16.04% and a return on equity of 24.76%. The firm had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. During the same quarter in the previous year, the company earned $2.88 earnings per share. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, equities analysts predict that Netflix will post 17.05 earnings per share for the current year.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 13,655 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $543.80, for a total transaction of $7,425,589.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $7,118,342. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Gregory K. Peters sold 13,655 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $543.80, for a total transaction of $7,425,589.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $7,118,342. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider David A. Hyman sold 47,574 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $17,003,651.20. The disclosure for this sale can be found here. Insiders have sold a total of 268,335 shares of company stock worth $151,619,811 over the last quarter. Company insiders own 2.45% of the company’s stock.

Institutional Trading of Netflix

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. Authentikos Wealth Advisory LLC purchased a new stake in Netflix during the third quarter valued at approximately $25,000. Spartan Planning & Wealth Management purchased a new stake in Netflix during the third quarter valued at approximately $26,000. Carmel Capital Partners LLC increased its holdings in Netflix by 290.0% during the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after buying an additional 58 shares during the last quarter. VitalStone Financial LLC increased its stake in shares of Netflix by 933.3% in the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 56 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC increased its stake in shares of Netflix by 1,550.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 62 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

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.