Netflix (NASDAQ:NFLX) PT Raised to $775.00 at Evercore ISI

Netflix (NASDAQ:NFLX) had its target price upped by Evercore ISI from $750.00 to $775.00 in a research note issued on Friday, Marketbeat Ratings reports. The brokerage presently has an “outperform” rating on the Internet television network’s stock. Evercore ISI’s price objective suggests a potential upside of 1.45% from the stock’s previous close.

A number of other brokerages also recently commented on NFLX. TD Cowen upped their price objective on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday. China Renaissance assumed coverage on shares of Netflix in a research report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price objective for the company. Deutsche Bank Aktiengesellschaft boosted their target price on Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Benchmark reissued a “sell” rating and issued a $545.00 price target on shares of Netflix in a report on Tuesday, October 15th. Finally, Canaccord Genuity Group upped their price objective on Netflix from $750.00 to $760.00 and gave the stock a “hold” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $747.70.

Netflix Stock Performance

NASDAQ NFLX opened at $763.89 on Friday. The firm has a market cap of $329.24 billion, a P/E ratio of 53.01, a P/E/G ratio of 1.49 and a beta of 1.26. Netflix has a 52-week low of $392.26 and a 52-week high of $766.28. The business’s 50-day moving average price is $696.38 and its 200 day moving average price is $654.94. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. During the same period last year, the business posted $3.29 EPS. The company’s revenue was up 16.8% on a year-over-year basis. On average, equities research analysts expect that Netflix will post 19.08 earnings per share for the current year.

Insider Activity at Netflix

In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of Netflix stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total value of $785,254.32. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,043,019.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Gregory K. Peters sold 1,278 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total transaction of $785,254.32. Following the sale, the chief executive officer now owns 13,090 shares in the company, valued at $8,043,019.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 225,167 shares of company stock valued at $150,492,460. Company insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. RFG Advisory LLC raised its stake in Netflix by 24.7% during the first quarter. RFG Advisory LLC now owns 2,292 shares of the Internet television network’s stock worth $1,392,000 after purchasing an additional 454 shares during the period. Meyer Handelman Co. increased its holdings in shares of Netflix by 0.8% during the 1st quarter. Meyer Handelman Co. now owns 3,358 shares of the Internet television network’s stock worth $2,039,000 after buying an additional 25 shares during the last quarter. Congress Asset Management Co. MA boosted its holdings in Netflix by 6.6% in the first quarter. Congress Asset Management Co. MA now owns 18,885 shares of the Internet television network’s stock valued at $11,469,000 after acquiring an additional 1,174 shares during the last quarter. MJP Associates Inc. ADV acquired a new stake in Netflix during the first quarter worth about $360,000. Finally, &PARTNERS raised its holdings in shares of Netflix by 158.2% in the 1st quarter. &PARTNERS now owns 1,379 shares of the Internet television network’s stock worth $838,000 after purchasing an additional 845 shares during the period. 80.93% of the stock is currently owned by hedge funds and other 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.