Netflix (NASDAQ:NFLX) Price Target Increased to $800.00 by Analysts at Pivotal Research

Netflix (NASDAQ:NFLX) had its price objective lifted by equities research analysts at Pivotal Research from $765.00 to $800.00 in a research note issued on Friday, MarketBeat reports. The firm currently has a “buy” rating on the Internet television network’s stock. Pivotal Research’s price objective points to a potential upside of 31.03% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Loop Capital increased their price objective on shares of Netflix from $585.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Redburn Atlantic raised their target price on shares of Netflix from $550.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Macquarie raised their target price on shares of Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a research note on Tuesday. UBS Group raised their target price on shares of Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Finally, The Goldman Sachs Group raised their target price on shares of Netflix from $500.00 to $565.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $628.76.

Netflix Trading Down 0.5 %

NFLX opened at $610.56 on Friday. The stock has a market capitalization of $264.23 billion, a P/E ratio of 50.84, a P/E/G ratio of 1.65 and a beta of 1.22. Netflix has a 12 month low of $315.62 and a 12 month high of $639.00. The firm’s fifty day simple moving average is $605.77 and its 200 day simple moving average is $511.86. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 16.04% and a return on equity of 24.76%. The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same period in the prior year, the business posted $2.88 EPS. The company’s quarterly revenue was up 14.8% on a year-over-year basis. As a group, research analysts anticipate that Netflix will post 17.05 EPS for the current fiscal year.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 47,574 shares of Netflix stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the transaction, the insider now owns 31,610 shares in the company, valued at $17,003,651.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the transaction, the chairman now owns 28 shares in the company, valued at $17,091.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider David A. Hyman sold 47,574 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $17,003,651.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 268,335 shares of company stock worth $151,619,811. Company insiders own 2.45% of the company’s stock.

Institutional Investors Weigh In On Netflix

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SeaCrest Wealth Management LLC increased its stake in Netflix by 10.8% in the first quarter. SeaCrest Wealth Management LLC now owns 3,752 shares of the Internet television network’s stock valued at $2,279,000 after purchasing an additional 365 shares in the last quarter. Naviter Wealth LLC increased its position in shares of Netflix by 12.0% during the first quarter. Naviter Wealth LLC now owns 2,592 shares of the Internet television network’s stock worth $1,574,000 after acquiring an additional 277 shares in the last quarter. Nvest Financial LLC increased its position in shares of Netflix by 18.3% during the first quarter. Nvest Financial LLC now owns 1,982 shares of the Internet television network’s stock worth $1,204,000 after acquiring an additional 306 shares in the last quarter. State of Michigan Retirement System increased its position in shares of Netflix by 13.9% during the first quarter. State of Michigan Retirement System now owns 153,149 shares of the Internet television network’s stock worth $93,012,000 after acquiring an additional 18,700 shares in the last quarter. Finally, Dash Acquisitions Inc. bought a new stake in shares of Netflix during the first quarter worth about $214,000. 80.93% of the stock is owned by institutional investors.

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.