Netflix’s (NFLX) Outperform Rating Reiterated at BMO Capital Markets

BMO Capital Markets reissued their outperform rating on shares of Netflix (NASDAQ:NFLX) in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $713.00 price target on the Internet television network’s stock, up from their previous price target of $638.00.

A number of other analysts have also weighed in on the company. Pivotal Research upped their price objective on Netflix from $700.00 to $765.00 and gave the stock a buy rating in a research report on Friday, April 5th. Morgan Stanley upped their price objective on Netflix from $600.00 to $700.00 and gave the stock an overweight rating in a research report on Friday, April 12th. Citigroup upped their price objective on Netflix from $555.00 to $660.00 and gave the stock a neutral rating in a research report on Monday, March 25th. Sanford C. Bernstein boosted their target price on shares of Netflix from $390.00 to $490.00 and gave the stock a market perform rating in a research note on Wednesday, January 24th. Finally, Benchmark boosted their target price on shares of Netflix from $350.00 to $425.00 and gave the stock a sell rating in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $630.58.

Netflix Stock Down 9.1 %

Shares of NASDAQ NFLX opened at $555.04 on Wednesday. The firm has a market cap of $240.20 billion, a price-to-earnings ratio of 38.52, a PEG ratio of 1.64 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’s 50 day moving average is $605.65 and its two-hundred day moving average is $513.07.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.46% and a net margin of 18.42%. The company had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. During the same quarter in the previous year, the company earned $2.88 earnings per share. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. Research analysts predict that Netflix will post 17.08 EPS for the current year.

Insider Transactions at Netflix

In other news, Director Jay C. Hoag sold 47,000 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $550.50, for a total transaction of $25,873,500.00. Following the completion of the sale, the director now owns 431,034 shares in the company, valued at $237,284,217. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Jay C. Hoag sold 47,000 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $550.50, for a total transaction of $25,873,500.00. Following the completion of the transaction, the director now directly owns 431,034 shares of the company’s stock, valued at $237,284,217. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Hyman sold 267 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 268,335 shares of company stock worth $151,619,811. Company insiders own 2.45% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Mezzasalma Advisors LLC increased its holdings in Netflix by 1.3% in the first quarter. Mezzasalma Advisors LLC now owns 6,861 shares of the Internet television network’s stock valued at $4,167,000 after buying an additional 90 shares in the last quarter. FORVIS Wealth Advisors LLC increased its holdings in Netflix by 119.4% in the first quarter. FORVIS Wealth Advisors LLC now owns 974 shares of the Internet television network’s stock valued at $592,000 after buying an additional 530 shares in the last quarter. Teamwork Financial Advisors LLC increased its holdings in Netflix by 3,476.5% in the first quarter. Teamwork Financial Advisors LLC now owns 15,987 shares of the Internet television network’s stock valued at $9,709,000 after buying an additional 15,540 shares in the last quarter. Veracity Capital LLC increased its holdings in Netflix by 44.8% in the first quarter. Veracity Capital LLC now owns 640 shares of the Internet television network’s stock valued at $389,000 after buying an additional 198 shares in the last quarter. Finally, Willis Johnson & Associates Inc. increased its holdings in Netflix by 9.0% in the first quarter. Willis Johnson & Associates Inc. now owns 1,030 shares of the Internet television network’s stock valued at $626,000 after buying an additional 85 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

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.