Deutsche Bank Aktiengesellschaft Raises Netflix (NASDAQ:NFLX) Price Target to $875.00

Netflix (NASDAQ:NFLX) had its price objective lifted by equities researchers at Deutsche Bank Aktiengesellschaft from $650.00 to $875.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the Internet television network’s stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential downside of 11.15% from the company’s current price.

A number of other brokerages have also recently weighed in on NFLX. Loop Capital reduced their price target on shares of Netflix from $950.00 to $925.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. Morgan Stanley boosted their target price on Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday. Macquarie raised their price target on Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday. Benchmark boosted their price objective on Netflix from $555.00 to $720.00 and gave the company a “sell” rating in a research report on Friday, January 3rd. Finally, Citigroup raised their target price on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $996.94.

Netflix Price Performance

NASDAQ:NFLX opened at $984.86 on Wednesday. The stock has a market cap of $420.99 billion, a P/E ratio of 49.67, a PEG ratio of 1.41 and a beta of 1.27. The company has a fifty day moving average price of $889.11 and a 200 day moving average price of $763.41. Netflix has a one year low of $537.07 and a one year high of $999.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. Netflix had a return on equity of 39.48% and a net margin of 22.34%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.11 EPS. Analysts anticipate that Netflix will post 23.43 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other news, Chairman Reed Hastings sold 41,601 shares of Netflix stock in a transaction on Friday, November 1st. The stock was sold at an average price of $758.06, for a total value of $31,536,054.06. Following the transaction, the chairman now owns 85 shares in the company, valued at approximately $64,435.10. This trade represents a 99.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 267 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 146,500 shares of company stock worth $123,309,210 over the last ninety days. Insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Epoch Investment Partners Inc. increased its holdings in shares of Netflix by 27.1% during the second quarter. Epoch Investment Partners Inc. now owns 544 shares of the Internet television network’s stock valued at $367,000 after acquiring an additional 116 shares in the last quarter. Mill Creek Capital Advisors LLC boosted its position in shares of Netflix by 24.8% in the second quarter. Mill Creek Capital Advisors LLC now owns 433 shares of the Internet television network’s stock valued at $292,000 after acquiring an additional 86 shares during the period. Clear Point Advisors Inc. grew its holdings in shares of Netflix by 3.9% during the second quarter. Clear Point Advisors Inc. now owns 449 shares of the Internet television network’s stock worth $303,000 after purchasing an additional 17 shares in the last quarter. Insigneo Advisory Services LLC raised its position in Netflix by 10.6% during the second quarter. Insigneo Advisory Services LLC now owns 8,230 shares of the Internet television network’s stock valued at $5,554,000 after purchasing an additional 786 shares in the last quarter. Finally, Fred Alger Management LLC boosted its position in Netflix by 4.7% during the second quarter. Fred Alger Management LLC now owns 465,249 shares of the Internet television network’s stock valued at $313,987,000 after buying an additional 20,962 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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.