Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Netflix (NASDAQ:NFLX) Stock

Netflix (NASDAQ:NFLXGet Free Report) had its price target upped by equities researchers at Deutsche Bank Aktiengesellschaft from $650.00 to $875.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the Internet television network’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential downside of 11.15% from the stock’s current price.

Several other research firms have also weighed in on NFLX. Macquarie increased their price target on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday. Benchmark increased their target price on shares of Netflix from $555.00 to $720.00 and gave the company a “sell” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. lifted their price target on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday. Needham & Company LLC increased their price objective on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Sanford C. Bernstein raised their price objective on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $996.94.

Read Our Latest Stock Report on NFLX

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $984.86 on Wednesday. The stock has a market cap of $420.99 billion, a PE ratio of 49.67, a price-to-earnings-growth ratio of 1.41 and a beta of 1.27. Netflix has a 1 year low of $537.07 and a 1 year high of $999.00. The firm has a fifty day moving average price of $889.11 and a 200-day moving average price of $763.41. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLXGet Free Report) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 39.48% and a net margin of 22.34%. The firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10,141,900 billion. During the same period in the previous year, the firm posted $2.11 earnings per share. The business’s revenue was up 16.0% compared to the same quarter last year. Equities analysts anticipate that Netflix will post 23.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Chairman Reed Hastings sold 41,601 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $758.06, for a total value of $31,536,054.06. Following the completion of the sale, the chairman now directly owns 85 shares in the company, valued at $64,435.10. This represents a 99.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This trade represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,500 shares of company stock worth $123,309,210 in the last 90 days. 1.76% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Netflix

Several hedge funds have recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC acquired a new stake in Netflix during the third quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. lifted 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 purchasing an additional 42 shares during the period. Decker Retirement Planning Inc. purchased a new stake in Netflix during the fourth quarter worth about $43,000. EMC Capital Management acquired a new position in Netflix during the fourth quarter worth about $45,000. Finally, MidAtlantic Capital Management Inc. purchased a new position in Netflix in the third quarter valued at about $37,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

About Netflix

(Get Free Report)

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.

See Also

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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