Netflix (NASDAQ:NFLX) PT Raised to $685.00

Netflix (NASDAQ:NFLX) had its price objective lifted by research analysts at Macquarie from $595.00 to $685.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the Internet television network’s stock. Macquarie’s price target would indicate a potential upside of 12.82% from the stock’s current price.

Several other analysts also recently commented on the company. Sanford C. Bernstein upped their price objective on Netflix from $390.00 to $490.00 and gave the company a “market perform” rating in a research note on Wednesday, January 24th. Pivotal Research increased their target price on Netflix from $700.00 to $765.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Bank of America increased their target price on Netflix from $585.00 to $650.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Benchmark increased their target price on Netflix from $350.00 to $425.00 and gave the stock a “sell” rating in a research note on Friday, January 19th. Finally, Oppenheimer increased their target price on Netflix from $615.00 to $725.00 and gave the stock an “outperform” rating in a research note on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $603.48.

Netflix Stock Down 2.5 %

Shares of NASDAQ NFLX opened at $607.15 on Tuesday. The stock has a market cap of $262.75 billion, a PE ratio of 50.55, a price-to-earnings-growth ratio of 1.69 and a beta of 1.22. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.69. Netflix has a 52-week low of $315.62 and a 52-week high of $639.00. The business has a 50-day moving average price of $602.41 and a 200 day moving average price of $508.76.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The firm had revenue of $8.83 billion during the quarter, compared to analyst estimates of $8.72 billion. Netflix had a net margin of 16.04% and a return on equity of 24.76%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $0.12 earnings per share. Equities research analysts forecast that Netflix will post 17.02 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 47,574 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total value of $25,591,006.08. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $17,003,651.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Gregory K. Peters sold 13,655 shares of Netflix stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $543.80, for a total transaction of $7,425,589.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $7,118,342. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 47,574 shares of Netflix stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total value of $25,591,006.08. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $17,003,651.20. The disclosure for this sale can be found here. Insiders have sold 268,335 shares of company stock valued at $151,619,811 over the last three months. 2.45% of the stock is owned by company insiders.

Hedge Funds Weigh In On Netflix

A number of hedge funds have recently bought and sold shares of NFLX. Fairfield Bush & CO. grew its stake in Netflix by 26.5% in the first quarter. Fairfield Bush & CO. now owns 2,446 shares of the Internet television network’s stock worth $916,000 after purchasing an additional 512 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Netflix by 21.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 480,044 shares of the Internet television network’s stock worth $179,820,000 after purchasing an additional 84,179 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Netflix by 14.2% in the first quarter. Sequoia Financial Advisors LLC now owns 2,922 shares of the Internet television network’s stock worth $1,094,000 after purchasing an additional 363 shares in the last quarter. Candriam Luxembourg S.C.A. grew its stake in Netflix by 6.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 36,336 shares of the Internet television network’s stock worth $13,610,000 after purchasing an additional 2,358 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in Netflix by 13.1% in the first quarter. Brown Brothers Harriman & Co. now owns 3,808 shares of the Internet television network’s stock worth $1,426,000 after purchasing an additional 441 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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.