Netflix (NASDAQ:NFLX) PT Raised to $800.00 at Jefferies Financial Group

Netflix (NASDAQ:NFLX) had its price objective upped by stock analysts at Jefferies Financial Group from $780.00 to $800.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the Internet television network’s stock. Jefferies Financial Group’s price target suggests a potential upside of 4.73% from the company’s previous close.

Several other equities analysts have also issued reports on NFLX. Wedbush raised their price target on Netflix from $725.00 to $775.00 and gave the stock an “overweight” rating in a research report on Thursday. Pivotal Research lifted their target price on shares of Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a research note on Friday. Macquarie reaffirmed an “outperform” rating and set a $795.00 price objective on shares of Netflix in a research report on Friday. Sanford C. Bernstein upped their target price on shares of Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a research report on Friday, July 19th. Finally, TD Cowen boosted their price target on Netflix from $775.00 to $820.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Two 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. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $747.70.

Netflix Price Performance

NFLX stock opened at $763.89 on Friday. Netflix has a one year low of $392.26 and a one year high of $766.28. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $329.24 billion, a PE ratio of 53.01, a P/E/G ratio of 1.49 and a beta of 1.26. The firm has a 50 day simple moving average of $696.38 and a two-hundred day simple moving average of $654.94.

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

Insiders Place Their Bets

In other Netflix news, Director Leslie J. Kilgore sold 383 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $730.00, for a total value of $279,590.00. Following the completion of the transaction, the director now directly owns 35,262 shares in the company, valued at $25,741,260. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Netflix news, CEO Gregory K. Peters sold 4,392 shares of Netflix stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total value of $3,184,200.00. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $9,490,250. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Leslie J. Kilgore sold 383 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $730.00, for a total transaction of $279,590.00. Following the transaction, the director now directly owns 35,262 shares of the company’s stock, valued at $25,741,260. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 225,167 shares of company stock worth $150,492,460. Company insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

Several hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC lifted its stake in shares of Netflix by 26.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 182,106 shares of the Internet television network’s stock valued at $129,163,000 after purchasing an additional 38,166 shares during the last quarter. Compass Ion Advisors LLC increased its position in Netflix by 4.5% during the third quarter. Compass Ion Advisors LLC now owns 369 shares of the Internet television network’s stock valued at $262,000 after acquiring an additional 16 shares during the last quarter. Vest Financial LLC increased its position in Netflix by 154.1% during the third quarter. Vest Financial LLC now owns 1,794 shares of the Internet television network’s stock valued at $1,272,000 after acquiring an additional 1,088 shares during the last quarter. West Branch Capital LLC raised its stake in shares of Netflix by 30.3% in the third quarter. West Branch Capital LLC now owns 1,389 shares of the Internet television network’s stock valued at $985,000 after acquiring an additional 323 shares during the period. Finally, OLD National Bancorp IN lifted its holdings in shares of Netflix by 4.5% in the 3rd quarter. OLD National Bancorp IN now owns 3,547 shares of the Internet television network’s stock worth $2,516,000 after acquiring an additional 154 shares during the last quarter. 80.93% of the stock is currently 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.