Netflix (NASDAQ:NFLX) Given New $685.00 Price Target at Macquarie

Netflix (NASDAQ:NFLX) had its price objective upped by Macquarie from $595.00 to $685.00 in a research note published on Tuesday, Benzinga reports. They currently have an outperform rating on the Internet television network’s stock.

Other research analysts have also issued reports about the stock. Pivotal Research boosted their price target on shares of Netflix from $700.00 to $765.00 and gave the company a buy rating in a research report on Friday, April 5th. Canaccord Genuity Group boosted their price target on shares of Netflix from $575.00 to $625.00 and gave the company a buy rating in a research report on Wednesday, January 24th. BMO Capital Markets boosted their price target on shares of Netflix from $566.00 to $638.00 and gave the company an outperform rating in a research report on Wednesday, January 24th. TD Cowen boosted their price target on shares of Netflix from $600.00 to $725.00 and gave the company a buy rating in a research report on Monday, April 8th. Finally, Robert W. Baird lifted their price objective on shares of Netflix from $500.00 to $600.00 and gave the stock an outperform rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $630.58.

Netflix Stock Down 9.1 %

Netflix stock opened at $555.04 on Tuesday. Netflix has a 1-year low of $315.62 and a 1-year high of $639.00. The firm has a market capitalization of $240.20 billion, a price-to-earnings ratio of 46.21, a P/E/G ratio of 1.65 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. The firm has a 50 day simple moving average of $605.65 and a 200 day simple moving average of $513.07.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data 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. Netflix had a net margin of 16.04% and a return on equity of 24.76%. The business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same period in the previous year, the business earned $2.88 EPS. Netflix’s revenue was up 14.8% compared to the same quarter last year. On average, analysts predict that Netflix will post 17.05 earnings per share for the current year.

Insider Buying and Selling at Netflix

In related news, insider David A. Hyman sold 47,574 shares of the firm’s 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 completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at $17,003,651.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider David A. Hyman sold 47,574 shares of the firm’s 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 completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at $17,003,651.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Theodore A. Sarandos sold 68,957 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were 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 approximately $717,379.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 268,335 shares of company stock valued at $151,619,811. Corporate insiders own 2.45% of the company’s stock.

Institutional Investors Weigh In On Netflix

Several institutional investors and hedge funds have recently made changes to their positions in NFLX. Columbia Trust Co 01012016 boosted its holdings in Netflix by 15.3% in the fourth quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock worth $762,000 after purchasing an additional 208 shares during the last quarter. Crumly & Associates Inc. boosted its holdings in Netflix by 4.1% in the fourth quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock worth $1,025,000 after purchasing an additional 83 shares during the last quarter. Venture Visionary Partners LLC boosted its holdings in Netflix by 15.4% in the fourth quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock worth $4,795,000 after purchasing an additional 1,318 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Netflix by 142.6% in the third quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock worth $252,085,000 after purchasing an additional 392,427 shares during the last quarter. Finally, Smith Anglin Financial LLC boosted its holdings in Netflix by 7.7% in the third quarter. Smith Anglin Financial LLC now owns 546 shares of the Internet television network’s stock worth $206,000 after purchasing an additional 39 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.