Netflix (NASDAQ:NFLX) PT Raised to $925.00 at Pivotal Research

Netflix (NASDAQ:NFLX) had its price target raised by Pivotal Research from $900.00 to $925.00 in a report released on Friday, Marketbeat.com reports. They currently have a buy rating on the Internet television network’s stock.

Several other analysts have also issued reports on the company. Redburn Atlantic boosted their price target on Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a report on Friday, July 19th. Macquarie boosted their price target on Netflix from $695.00 to $795.00 and gave the company an “outperform” rating in a report on Friday, October 11th. China Renaissance started coverage on Netflix in a report on Thursday, September 5th. They set a “hold” rating and a $680.00 price target for the company. Bank of America boosted their price target on Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a report on Monday, July 15th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $635.00 price objective on shares of Netflix in a research note on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $747.70.

Netflix Stock Performance

Shares of NFLX opened at $772.07 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. Netflix has a one year low of $395.62 and a one year high of $773.00. The firm has a market capitalization of $332.76 billion, a P/E ratio of 53.58, a PEG ratio of 1.49 and a beta of 1.26. The business has a fifty day moving average of $699.16 and a 200 day moving average of $656.21.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 25,599 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $631.43, for a total value of $16,163,976.57. Following the completion of the sale, the chairman now owns 57 shares in the company, valued at $35,991.51. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Chairman Reed Hastings sold 25,599 shares of Netflix stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the completion of the sale, the chairman now directly owns 57 shares in the company, valued at approximately $35,991.51. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leslie J. Kilgore sold 358 shares of Netflix stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the sale, the director now owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. 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 quarter, insiders sold 229,711 shares of company stock worth $153,905,830. Company insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Eastern Bank increased its stake in shares of Netflix by 5.0% during the 3rd quarter. Eastern Bank now owns 19,786 shares of the Internet television network’s stock worth $14,034,000 after purchasing an additional 949 shares in the last quarter. My Legacy Advisors LLC boosted its holdings in shares of Netflix by 5.5% in the 3rd quarter. My Legacy Advisors LLC now owns 618 shares of the Internet television network’s stock valued at $438,000 after purchasing an additional 32 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Netflix by 3.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 12,316 shares of the Internet television network’s stock valued at $8,735,000 after purchasing an additional 433 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of Netflix during the 3rd quarter valued at $7,365,000. Finally, Mattern Wealth Management LLC acquired a new position in shares of Netflix during the 3rd quarter valued at $202,000. 80.93% of the stock is 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.