Netflix (NASDAQ:NFLX) Given New $540.00 Price Target at Rosenblatt Securities

Netflix (NASDAQ:NFLX) had its target price reduced by equities research analysts at Rosenblatt Securities from $554.00 to $540.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the Internet television network’s stock. Rosenblatt Securities’ target price would indicate a potential downside of 11.56% from the company’s previous close.

A number of other research analysts have also recently weighed in on the stock. Loop Capital boosted their target price on shares of Netflix from $585.00 to $700.00 and gave the company a “buy” rating in a research note on Monday, March 18th. DZ Bank upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 price target on the stock in a research note on Thursday, January 25th. Macquarie upped their price target on shares of Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a research note on Tuesday. Canaccord Genuity Group upped their price target on shares of Netflix from $575.00 to $625.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Finally, Robert W. Baird upped their price target on shares of Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $628.76.

Netflix Stock Down 0.5 %

NFLX opened at $610.56 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.69. The stock has a market cap of $264.23 billion, a price-to-earnings ratio of 50.84, a PEG ratio of 1.65 and a beta of 1.22. Netflix has a twelve month low of $315.62 and a twelve month high of $639.00. The company’s 50-day moving average price is $605.77 and its two-hundred day moving average price is $511.86.

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

Insider Buying and Selling

In related news, insider David A. Hyman sold 47,574 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total value of $25,591,006.08. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $17,003,651.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Netflix news, Director Ann Mather sold 3,673 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $2,203,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Hyman sold 47,574 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 31,610 shares of the company’s stock, valued at $17,003,651.20. The disclosure for this sale can be found here. Insiders sold a total of 268,335 shares of company stock worth $151,619,811 in the last three months. 2.45% of the stock is owned by corporate insiders.

Institutional Trading of Netflix

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Indiana Trust & Investment Management CO grew its stake in shares of Netflix by 112.0% in the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 28 shares during the period. VitalStone Financial LLC grew 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 acquiring an additional 56 shares during the period. Scarborough Advisors LLC bought a new stake in shares of Netflix in the fourth quarter worth approximately $32,000. Aspect Partners LLC bought a new stake in shares of Netflix in the fourth quarter worth approximately $32,000. Finally, Authentikos Wealth Advisory LLC bought a new stake in shares of Netflix in the third quarter worth approximately $25,000. 80.93% of the stock is currently owned by 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.