Netflix (NASDAQ:NFLX) Stock Price Expected to Rise, Pivotal Research Analyst Says

Netflix (NASDAQ:NFLX) had its target price upped by analysts at Pivotal Research from $1,100.00 to $1,250.00 in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the Internet television network’s stock. Pivotal Research’s target price suggests a potential upside of 26.92% from the stock’s previous close.

Several other analysts have also commented on NFLX. Wedbush restated an “outperform” rating and set a $950.00 price target (up previously from $800.00) on shares of Netflix in a research report on Monday, November 18th. Argus lifted their price target on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Loop Capital reduced their price target on Netflix from $950.00 to $925.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Canaccord Genuity Group raised their price objective on Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a report on Monday, December 2nd. Finally, Morgan Stanley upped their target price on Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $996.94.

Netflix Trading Up 3.2 %

Netflix stock opened at $984.86 on Wednesday. The stock has a 50-day moving average price of $889.11 and a 200 day moving average price of $763.41. The company has a market capitalization of $420.99 billion, a price-to-earnings ratio of 49.67, a price-to-earnings-growth ratio of 1.41 and a beta of 1.27. Netflix has a 52 week low of $537.07 and a 52 week high of $999.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

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

Insiders Place Their Bets

In other Netflix news, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the sale, the director now owns 246 shares of the company’s stock, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Reed Hastings sold 41,601 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $758.06, for a total value of $31,536,054.06. Following the completion of the sale, the chairman now owns 85 shares of the company’s stock, valued at approximately $64,435.10. This represents a 99.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,500 shares of company stock valued at $123,309,210 over the last quarter. 1.76% of the stock is owned by insiders.

Hedge Funds Weigh In On Netflix

Several hedge funds have recently bought and sold shares of NFLX. Enzi Wealth lifted its stake in shares of Netflix by 3.4% during the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock valued at $316,000 after buying an additional 11 shares during the period. TCI Wealth Advisors Inc. grew its holdings in Netflix by 1.6% during the 4th quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock worth $624,000 after acquiring an additional 11 shares in the last quarter. Advisory Resource Group increased its stake in Netflix by 0.7% during the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock valued at $1,238,000 after purchasing an additional 12 shares during the last quarter. Insight Wealth Strategies LLC increased its position in Netflix by 1.9% in the fourth quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock worth $585,000 after buying an additional 12 shares during the period. Finally, Sunflower Bank N.A. raised its stake in Netflix by 2.1% during the 4th quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock valued at $513,000 after acquiring an additional 12 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

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.