Netflix (NASDAQ:NFLX) Price Target Raised to $1,000.00

Netflix (NASDAQ:NFLX) had its target price raised by equities research analysts at Loop Capital from $925.00 to $1,000.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the Internet television network’s stock. Loop Capital’s price target would suggest a potential upside of 1.58% from the company’s previous close.

A number of other analysts have also recently weighed in on the company. Macquarie raised their price target on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday. Needham & Company LLC boosted their target price on Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday. Benchmark upped their price target on Netflix from $555.00 to $720.00 and gave the company a “sell” rating in a report on Friday, January 3rd. Oppenheimer raised their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, UBS Group lifted their target price on Netflix from $825.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $972.00.

Netflix Stock Performance

Shares of NFLX opened at $984.48 on Wednesday. Netflix has a 1 year low of $481.40 and a 1 year high of $997.00. The stock has a market capitalization of $420.83 billion, a PE ratio of 55.62, a PEG ratio of 1.40 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 stock has a 50-day simple moving average of $886.64 and a 200-day simple moving average of $762.07.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company 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 previous year, the firm earned $2.11 earnings per share. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. On average, analysts predict that Netflix will post 19.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Chairman Reed Hastings sold 48,363 shares of the stock in a transaction 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 completion of the sale, the chairman now owns 114 shares of the company’s stock, valued at $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Theodore A. Sarandos sold 1,278 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total transaction of $980,289.90. Following the completion of the transaction, the chief executive officer now directly owns 2,556 shares in the company, valued at approximately $1,960,579.80. This represents a 33.33 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 152,198 shares of company stock worth $127,616,898. 1.76% of the stock is owned by company insiders.

Institutional Investors Weigh In On Netflix

Large investors have recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix during the third quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in Netflix by 700.0% during 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 acquiring an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new position in Netflix during the 3rd quarter worth $37,000. FSA Wealth Management LLC bought a new stake in shares of Netflix in the 3rd quarter worth about $38,000. Finally, First Personal Financial Services acquired a new stake in shares of Netflix in the 3rd quarter valued at about $40,000. 80.93% of the stock is owned by institutional investors and hedge funds.

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.