Netflix (NASDAQ:NFLX) Price Target Raised to $950.00 at Evercore ISI

Netflix (NASDAQ:NFLX) had its target price lifted by analysts at Evercore ISI from $775.00 to $950.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the Internet television network’s stock. Evercore ISI’s price target indicates a potential upside of 5.30% from the company’s current price.

NFLX has been the topic of a number of other research reports. Guggenheim increased their price target on Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Oppenheimer raised their price target on Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Wells Fargo & Company upped their price objective on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Benchmark reissued a “sell” rating and issued a $545.00 target price on shares of Netflix in a research report on Tuesday, October 15th. Finally, China Renaissance began coverage on shares of Netflix in a research report on Thursday, September 5th. They set a “hold” rating and a $680.00 price target for the company. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $775.58.

Netflix Trading Up 0.5 %

Shares of NFLX opened at $902.17 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a 50 day simple moving average of $780.46 and a 200-day simple moving average of $704.75. The stock has a market cap of $385.64 billion, a price-to-earnings ratio of 51.06, a price-to-earnings-growth ratio of 1.73 and a beta of 1.27. Netflix has a 1-year low of $445.73 and a 1-year high of $908.00.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating the consensus estimate of $5.09 by $0.31. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Equities analysts forecast that Netflix will post 19.78 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jay C. Hoag sold 43,750 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $687.07, for a total value of $30,059,312.50. Following the sale, the director now directly owns 95,040 shares in the company, valued at approximately $65,299,132.80. This represents a 31.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 209,155 shares of company stock valued at $159,682,799 in the last three months. Corporate insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

Several institutional investors have recently added to or reduced their stakes in NFLX. Oddo BHF Asset Management Sas acquired a new position in shares of Netflix in the 3rd quarter valued at about $21,594,000. American Trust bought a new position in Netflix in the third quarter worth about $323,000. Old North State Trust LLC boosted its stake in Netflix by 3.2% in the third quarter. Old North State Trust LLC now owns 699 shares of the Internet television network’s stock valued at $496,000 after acquiring an additional 22 shares during the period. Franklin Resources Inc. grew its holdings in shares of Netflix by 11.5% during the third quarter. Franklin Resources Inc. now owns 1,236,539 shares of the Internet television network’s stock valued at $881,652,000 after purchasing an additional 127,541 shares during the last quarter. Finally, Synovus Financial Corp raised its position in shares of Netflix by 43.9% during the 3rd quarter. Synovus Financial Corp now owns 12,667 shares of the Internet television network’s stock worth $8,984,000 after purchasing an additional 3,864 shares during the period. Institutional investors own 80.93% of the company’s stock.

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.