Wells Fargo & Company Raises Netflix (NASDAQ:NFLX) Price Target to $726.00

Netflix (NASDAQ:NFLXFree Report) had its target price lifted by Wells Fargo & Company from $650.00 to $726.00 in a research note published on Friday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the Internet television network’s stock.

A number of other equities research analysts also recently commented on NFLX. Seaport Res Ptn downgraded Netflix from a buy rating to a neutral rating in a report on Tuesday, January 30th. Oppenheimer increased their price objective on shares of Netflix from $615.00 to $725.00 and gave the stock an outperform rating in a research note on Monday, March 11th. Loop Capital raised their target price on shares of Netflix from $585.00 to $700.00 and gave the stock a buy rating in a report on Monday, March 18th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Netflix from $525.00 to $550.00 and gave the company a hold rating in a report on Monday, April 15th. Finally, Redburn Atlantic lifted their price objective on Netflix from $550.00 to $610.00 and gave the company a buy rating in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, Netflix has an average rating of Moderate Buy and an average target price of $630.58.

Read Our Latest Stock Report on NFLX

Netflix Trading Down 9.1 %

NASDAQ NFLX opened at $555.04 on Friday. Netflix has a 12-month low of $315.62 and a 12-month high of $639.00. The company has a fifty day simple moving average of $605.65 and a two-hundred day simple moving average of $514.99. 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 stock has a market cap of $240.20 billion, a P/E ratio of 38.52, a P/E/G ratio of 1.49 and a beta of 1.22.

Netflix (NASDAQ:NFLXGet Free Report) last issued its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.46% and a net margin of 18.42%. The company had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same quarter last year, the business posted $2.88 EPS. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. On average, analysts forecast that Netflix will post 17.13 earnings per share for the current year.

Insider Activity at Netflix

In other Netflix news, insider David A. Hyman sold 47,574 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Netflix news, insider David A. Hyman sold 47,574 shares of the company’s 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 transaction, the insider now owns 31,610 shares of the company’s stock, valued at $17,003,651.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory K. Peters sold 5,352 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,181,250. The disclosure for this sale can be found here. Over the last three months, insiders have sold 268,335 shares of company stock worth $151,619,811. Insiders own 2.45% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NFLX. Authentikos Wealth Advisory LLC purchased a new stake in shares of Netflix in the 3rd quarter valued at $25,000. Spartan Planning & Wealth Management acquired a new position in Netflix in the 3rd quarter valued at about $26,000. Carmel Capital Partners LLC grew its position in Netflix by 290.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 58 shares in the last quarter. VitalStone Financial LLC increased its stake in Netflix by 933.3% during 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 during the period. Finally, Beaird Harris Wealth Management LLC lifted its position in shares of Netflix by 1,550.0% during 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 currently owned by institutional investors and hedge funds.

Netflix Company Profile

(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.

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Analyst Recommendations for Netflix (NASDAQ:NFLX)

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