Equities research analysts at Evercore ISI initiated coverage on shares of Netflix (NASDAQ:NFLX) in a note issued to investors on Tuesday, FinViz reports. The firm set an “outperform” rating and a $665.00 price target on the Internet television network’s stock. Evercore ISI’s price objective would indicate a potential upside of 21.57% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. Credit Suisse Group raised their price target on Netflix from $525.00 to $586.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 20th. DZ Bank raised shares of Netflix from a “hold” rating to a “buy” rating and set a $650.00 price objective on the stock in a research note on Thursday, January 21st. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $685.00 target price (up previously from $628.00) on shares of Netflix in a report on Wednesday, January 20th. Wells Fargo & Company raised Netflix from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $510.00 to $700.00 in a report on Wednesday, January 20th. Finally, Canaccord Genuity upped their price objective on Netflix from $630.00 to $670.00 and gave the stock a “buy” rating in a research report on Wednesday, January 20th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $587.45.

Shares of Netflix stock opened at $546.99 on Tuesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a 50-day moving average of $526.86 and a 200-day moving average of $516.84. Netflix has a 52-week low of $363.03 and a 52-week high of $593.29. The stock has a market cap of $242.26 billion, a PE ratio of 88.22, a PEG ratio of 1.86 and a beta of 0.92.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, January 18th. The Internet television network reported $1.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.19). Netflix had a net margin of 11.78% and a return on equity of 31.48%. The business had revenue of $6.64 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the prior year, the firm earned $1.30 EPS. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. Equities research analysts predict that Netflix will post 6.27 earnings per share for the current fiscal year.

In related news, Director Jay C. Hoag sold 974 shares of the business’s stock in a transaction dated Friday, February 5th. The shares were sold at an average price of $548.93, for a total transaction of $534,657.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jay C. Hoag sold 3,578 shares of the company’s stock in a transaction dated Monday, February 8th. The stock was sold at an average price of $553.16, for a total transaction of $1,979,206.48. The disclosure for this sale can be found here. Insiders have sold a total of 5,028 shares of company stock valued at $2,782,466 in the last quarter. Company insiders own 3.40% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Weld Capital Management LLC boosted its holdings in shares of Netflix by 49.7% in the 3rd quarter. Weld Capital Management LLC now owns 1,097 shares of the Internet television network’s stock worth $549,000 after buying an additional 364 shares during the last quarter. Polar Capital LLP grew its position in shares of Netflix by 36.9% during the 3rd quarter. Polar Capital LLP now owns 467,095 shares of the Internet television network’s stock valued at $233,562,000 after acquiring an additional 125,894 shares during the period. Eudaimonia Partners LLC grew its position in shares of Netflix by 26.0% during the 3rd quarter. Eudaimonia Partners LLC now owns 1,055 shares of the Internet television network’s stock valued at $499,000 after acquiring an additional 218 shares during the period. Lombard Odier Asset Management Switzerland SA purchased a new stake in shares of Netflix during the 3rd quarter worth approximately $831,000. Finally, Chartwell Investment Partners LLC lifted its stake in Netflix by 14.0% in the third quarter. Chartwell Investment Partners LLC now owns 11,385 shares of the Internet television network’s stock valued at $5,693,000 after purchasing an additional 1,401 shares during the last quarter. 79.71% of the stock is owned by institutional investors.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

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Analyst Recommendations for Netflix (NASDAQ:NFLX)

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