Netflix (NASDAQ:NFLX) Given New $1,000.00 Price Target at BMO Capital Markets

Netflix (NASDAQ:NFLX) had its target price raised by stock analysts at BMO Capital Markets from $825.00 to $1,000.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the Internet television network’s stock. BMO Capital Markets’ price target indicates a potential upside of 20.71% from the stock’s previous close.

NFLX has been the subject of a number of other reports. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a report on Saturday, December 21st. TD Cowen upped their price target on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Rosenblatt Securities raised their price objective on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Loop Capital cut Netflix from a “buy” rating to a “hold” rating and upped their target price for the company from $800.00 to $950.00 in a report on Monday, December 16th. Finally, KeyCorp increased their target price on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $846.58.

Netflix Stock Performance

Shares of NFLX stock opened at $828.40 on Wednesday. The firm has a market capitalization of $354.11 billion, a price-to-earnings ratio of 46.88, a PEG ratio of 1.77 and a beta of 1.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The business’s 50-day moving average price is $881.04 and its 200-day moving average price is $755.96. Netflix has a 12 month low of $475.26 and a 12 month high of $941.75.

Netflix (NASDAQ:NFLX) last posted its earnings results 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. 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. Equities research analysts forecast that Netflix will post 19.78 EPS for the current year.

Insider Buying and Selling at Netflix

In related 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 sale, the director now directly owns 246 shares of the company’s stock, valued at approximately $216,327.48. This represents a 96.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 35,868 shares of Netflix stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the transaction, the chairman now directly owns 114 shares in the company, valued at $101,241.12. This represents a 99.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 156,742 shares of company stock worth $131,030,268. Insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Netflix

Several hedge funds have recently modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix during the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares during the period. MidAtlantic Capital Management Inc. bought a new position in Netflix in the 3rd quarter valued at $37,000. FSA Wealth Management LLC purchased a new stake in shares of Netflix during the 3rd quarter valued at $38,000. Finally, First Personal Financial Services bought a new stake in shares of Netflix during the 3rd quarter worth $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.