Netflix (NASDAQ:NFLX) Given New $1,200.00 Price Target at Robert W. Baird

Netflix (NASDAQ:NFLX) had its price objective hoisted by Robert W. Baird from $875.00 to $1,200.00 in a research note released on Wednesday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the Internet television network’s stock.

Several other analysts have also recently issued reports on NFLX. Wells Fargo & Company upped their price target on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Argus lifted their price target on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Canaccord Genuity Group upped their price objective on Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. JPMorgan Chase & Co. decreased their target price on Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Finally, Piper Sandler upped their price target on Netflix from $840.00 to $950.00 and gave the company an “overweight” rating in a research report on Tuesday, January 14th. Nine investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $993.82.

Netflix Stock Performance

NASDAQ:NFLX opened at $953.99 on Wednesday. The firm has a 50-day moving average of $886.64 and a two-hundred day moving average of $762.07. 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 $407.79 billion, a P/E ratio of 53.99, a PEG ratio of 1.40 and a beta of 1.27. Netflix has a 1-year low of $481.40 and a 1-year high of $999.00.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10,141,900 billion. During the same quarter in the prior year, the business posted $2.11 earnings per share. Netflix’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, research analysts expect that Netflix will post 19.76 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the sale, the chairman now directly owns 114 shares in the company, valued at $102,212.40. The trade was a 99.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the sale, the director now owns 246 shares of the company’s stock, valued at $216,327.48. The trade was a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,198 shares of company stock valued at $127,616,898. Corporate insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

Several hedge funds have recently modified their holdings of NFLX. Mayflower Financial Advisors LLC increased its stake in Netflix by 60.1% in the 4th quarter. Mayflower Financial Advisors LLC now owns 988 shares of the Internet television network’s stock worth $881,000 after purchasing an additional 371 shares in the last quarter. BSW Wealth Partners increased its position in shares of Netflix by 6.5% in the fourth quarter. BSW Wealth Partners now owns 1,562 shares of the Internet television network’s stock worth $1,392,000 after acquiring an additional 96 shares in the last quarter. Bensler LLC raised its holdings in shares of Netflix by 2.3% during the fourth quarter. Bensler LLC now owns 16,267 shares of the Internet television network’s stock valued at $14,499,000 after acquiring an additional 372 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Netflix by 3.6% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,510 shares of the Internet television network’s stock valued at $1,346,000 after acquiring an additional 53 shares in the last quarter. Finally, Aspire Capital Advisors LLC acquired a new position in Netflix in the 4th quarter worth approximately $213,000. 80.93% of the stock is owned by hedge funds and other 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.