Loop Capital Cuts Netflix (NASDAQ:NFLX) Price Target to $925.00

Netflix (NASDAQ:NFLX) had its price target dropped by equities researchers at Loop Capital from $950.00 to $925.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “hold” rating on the Internet television network’s stock. Loop Capital’s price target would suggest a potential upside of 8.84% from the company’s current price.

A number of other equities research analysts have also commented on NFLX. Deutsche Bank Aktiengesellschaft increased their price target on Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Barclays raised their target price on Netflix from $550.00 to $715.00 and gave the company an “underweight” rating in a research note on Tuesday. Evercore ISI upped their price target on shares of Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. Jefferies Financial Group raised their price objective on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Two equities 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $845.06.

Netflix Price Performance

Shares of NASDAQ:NFLX traded up $1.60 on Thursday, hitting $849.86. The stock had a trading volume of 1,771,955 shares, compared to its average volume of 2,950,394. The company has a market capitalization of $363.28 billion, a price-to-earnings ratio of 48.16, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The firm’s 50 day moving average price is $881.04 and its 200-day moving average price is $755.96. Netflix has a twelve month low of $475.26 and a twelve month high of $941.75.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS 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 firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. On average, equities research analysts predict that Netflix will post 19.78 earnings per share for the current year.

Insiders Place Their Bets

In other Netflix news, Director Leslie J. Kilgore sold 358 shares of Netflix stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the sale, the director now owns 35,262 shares of the company’s stock, valued at $26,975,430. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gregory K. Peters sold 4,186 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $750.00, for a total value of $3,139,500.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $9,817,500. This represents a 24.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 156,742 shares of company stock worth $131,030,268. Company insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

A number of institutional investors have recently made changes to their positions in NFLX. Advisory Resource Group increased its stake in Netflix by 0.7% in the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock valued at $1,238,000 after buying an additional 12 shares during the last quarter. Insight Wealth Strategies LLC raised its holdings in Netflix by 1.9% during the fourth quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock worth $585,000 after acquiring an additional 12 shares in the last quarter. Sunflower Bank N.A. raised its holdings in Netflix by 2.1% during the fourth quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock worth $513,000 after acquiring an additional 12 shares in the last quarter. New World Advisors LLC boosted its position in Netflix by 2.0% during the third quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after purchasing an additional 14 shares during the last quarter. Finally, Trust Co. of Vermont grew its stake in Netflix by 2.5% in the fourth quarter. Trust Co. of Vermont now owns 570 shares of the Internet television network’s stock valued at $508,000 after purchasing an additional 14 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

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.