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

Netflix (NASDAQ:NFLX) had its price objective raised by analysts at Pivotal Research from $925.00 to $1,100.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the Internet television network’s stock. Pivotal Research’s price target indicates a potential upside of 26.25% from the stock’s current price.

A number of other research firms have also recently commented on NFLX. Deutsche Bank Aktiengesellschaft lifted their price target on Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. KeyCorp lifted their price objective on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Wells Fargo & Company increased their target price on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, TD Cowen boosted their price objective on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $758.76.

Netflix Stock Up 2.9 %

Shares of NASDAQ:NFLX opened at $871.32 on Wednesday. The company has a 50 day moving average of $743.15 and a 200-day moving average of $685.41. The stock has a market cap of $372.45 billion, a price-to-earnings ratio of 49.31, a P/E/G ratio of 1.59 and a beta of 1.25. Netflix has a one year low of $445.73 and a one year high of $874.49. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

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

Insider Activity

In related news, CEO Gregory K. Peters sold 4,392 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total value of $3,184,200.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,490,250. The trade was a 25.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This trade represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 185,277 shares of company stock valued at $132,875,601 in the last quarter. 1.76% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Netflix

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Denver PWM LLC purchased a new position in Netflix in the second quarter worth approximately $25,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix during the third quarter worth $25,000. Proffitt & Goodson Inc. raised its position in Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its stake in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the last quarter. Finally, AlphaMark Advisors LLC lifted its position in shares of Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds 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.