Netflix, Inc. (NASDAQ:NFLX) Receives $1,021.70 Average Target Price from Brokerages

Shares of Netflix, Inc. (NASDAQ:NFLX) have earned a consensus rating of “Moderate Buy” from the thirty-five analysts that are currently covering the firm, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $1,021.70.

A number of equities research analysts have recently commented on NFLX shares. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and upped their price objective for the company from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Pivotal Research upped their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Robert W. Baird increased their price target on Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, Evercore ISI upped their target price on Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd.

Netflix Stock Up 1.6 %

Shares of NFLX opened at $1,011.11 on Monday. The company has a market capitalization of $432.51 billion, a PE ratio of 50.99, a PEG ratio of 2.02 and a beta of 1.27. The stock’s 50-day moving average price is $909.38 and its two-hundred day moving average price is $784.44. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix has a 12 month low of $542.01 and a 12 month high of $1,011.83.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.11 earnings per share. On average, analysts anticipate that Netflix will post 24.58 EPS for the current year.

Insider Activity at Netflix

In related news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 102,228 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total value of $100,259,088.72. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $12,700,583. This represents a 88.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 291,585 shares of company stock valued at $277,777,833 over the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Netflix

Several institutional investors have recently added to or reduced their stakes in NFLX. SRS Capital Advisors Inc. boosted its stake in Netflix by 315.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 4,696 shares of the Internet television network’s stock valued at $4,186,000 after acquiring an additional 3,566 shares during the last quarter. Asahi Life Asset Management CO. LTD. raised its holdings in shares of Netflix by 61.1% in the 4th quarter. Asahi Life Asset Management CO. LTD. now owns 1,115 shares of the Internet television network’s stock worth $994,000 after purchasing an additional 423 shares during the period. Bailard Inc. grew its holdings in Netflix by 1.1% during the fourth quarter. Bailard Inc. now owns 23,882 shares of the Internet television network’s stock valued at $21,287,000 after purchasing an additional 267 shares during the period. IFG Advisors LLC bought a new position in Netflix during the fourth quarter valued at $284,000. Finally, Kohmann Bosshard Financial Services LLC increased its position in Netflix by 3.2% in the fourth quarter. Kohmann Bosshard Financial Services LLC now owns 716 shares of the Internet television network’s stock worth $638,000 after buying an additional 22 shares during the last quarter. 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.