Netflix (NASDAQ:NFLX) Stock Price Expected to Rise, Barclays Analyst Says

Netflix (NASDAQ:NFLX) had its price objective lifted by investment analysts at Barclays from $550.00 to $715.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “underweight” rating on the Internet television network’s stock. Barclays‘s price target points to a potential downside of 15.71% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Oppenheimer raised their price objective on shares of Netflix from $825.00 to $1,065.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Benchmark lifted their price target on Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research note on Friday, January 3rd. TD Cowen increased their price objective on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Citigroup boosted their target price on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Finally, UBS Group increased their price target on shares of Netflix from $825.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average target price of $845.82.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $848.26 on Tuesday. The stock’s 50-day simple moving average is $881.04 and its two-hundred day simple moving average is $755.96. Netflix has a twelve month low of $475.26 and a twelve month high of $941.75. The firm has a market capitalization of $362.60 billion, a P/E ratio of 48.01, a P/E/G ratio of 1.77 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. As a group, equities analysts anticipate that Netflix will post 19.78 EPS for the current fiscal year.

Insider Buying and Selling

In other Netflix news, Director Richard N. Barton sold 6,364 shares of the stock in a transaction on Tuesday, January 7th. The stock was 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 owns 246 shares in the company, valued at approximately $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Reed Hastings sold 35,868 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total value of $31,853,653.44. Following the transaction, the chairman now directly owns 114 shares of the company’s stock, valued at $101,241.12. This represents a 99.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 156,742 shares of company stock valued at $131,030,268 over the last three months. Corporate insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Netflix

A number of institutional investors and hedge funds have recently made changes to their positions in NFLX. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix in the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. raised its stake in Netflix by 700.0% during 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 buying an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Netflix in the third quarter worth $37,000. FSA Wealth Management LLC purchased a new stake in shares of Netflix in the third quarter worth $38,000. Finally, First Personal Financial Services bought a new position in shares of Netflix during the third quarter valued at $40,000. 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.