Netflix (NASDAQ:NFLX) Price Target Raised to $950.00

Netflix (NASDAQ:NFLX) had its target price raised by Guggenheim from $825.00 to $950.00 in a research report released on Monday morning,Benzinga reports. They currently have a buy rating on the Internet television network’s stock.

A number of other equities research analysts also recently commented on NFLX. The Goldman Sachs Group upped their price objective on Netflix from $750.00 to $850.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research report on Saturday, December 21st. Evercore ISI boosted their price objective on shares of Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. JPMorgan Chase & Co. cut their target price on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Finally, Morgan Stanley boosted their price target on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus price target of $845.82.

Netflix Stock Up 2.4 %

Shares of NASDAQ:NFLX opened at $848.26 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $362.60 billion, a price-to-earnings ratio of 48.01, a P/E/G ratio of 1.35 and a beta of 1.27. The company has a 50 day moving average of $881.04 and a 200-day moving average of $755.96. Netflix has a one year low of $475.26 and a one year high of $941.75.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. On average, sell-side analysts forecast that Netflix will post 19.78 earnings per share for the current year.

Insider Buying and Selling at Netflix

In related news, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the transaction, the director now directly owns 246 shares of the company’s stock, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 156,742 shares of company stock worth $131,030,268 over the last ninety days. 1.76% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Netflix

Hedge funds have recently bought and sold shares of the company. Oak Ridge Investments LLC increased its position in Netflix by 6.6% during the fourth quarter. Oak Ridge Investments LLC now owns 20,260 shares of the Internet television network’s stock worth $18,058,000 after buying an additional 1,250 shares during the last quarter. Aaron Wealth Advisors LLC boosted its stake in shares of Netflix by 6.8% during the 4th quarter. Aaron Wealth Advisors LLC now owns 2,567 shares of the Internet television network’s stock worth $2,288,000 after acquiring an additional 163 shares during the period. Whitaker Myers Wealth Managers LTD. increased its holdings in shares of Netflix by 6.7% during the 4th quarter. Whitaker Myers Wealth Managers LTD. now owns 602 shares of the Internet television network’s stock worth $537,000 after acquiring an additional 38 shares during the last quarter. BNC Wealth Management LLC raised its stake in Netflix by 10.6% in the 4th quarter. BNC Wealth Management LLC now owns 3,232 shares of the Internet television network’s stock valued at $2,881,000 after acquiring an additional 309 shares during the period. Finally, Sandy Cove Advisors LLC lifted its holdings in Netflix by 2.2% during the 4th quarter. Sandy Cove Advisors LLC now owns 1,277 shares of the Internet television network’s stock valued at $1,138,000 after purchasing an additional 27 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Company Profile

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.