BMO Capital Markets Reaffirms “Outperform” Rating for Netflix (NASDAQ:NFLX)

BMO Capital Markets reiterated their outperform rating on shares of Netflix (NASDAQ:NFLX) in a research note published on Wednesday morning,Benzinga reports. They currently have a $1,175.00 target price on the Internet television network’s stock, up from their previous target price of $1,000.00.

Several other research analysts have also recently commented on the company. Bank of America boosted their target price on Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Sanford C. Bernstein raised their target price on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Evercore ISI lifted their price objective on shares of Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. Finally, Barclays raised their price target on Netflix from $550.00 to $715.00 and gave the company an “underweight” rating in a research note on Tuesday, January 14th. Nine equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $993.82.

Netflix Stock Performance

NASDAQ NFLX opened at $953.99 on Wednesday. The company has a market cap of $407.79 billion, a P/E ratio of 53.99, a P/E/G ratio of 1.40 and a beta of 1.27. Netflix has a 1-year low of $481.40 and a 1-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. The stock has a 50-day moving average of $886.64 and a two-hundred day moving average of $762.07.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. During the same period in the prior year, the firm earned $2.11 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, analysts anticipate that Netflix will post 19.76 EPS for the current year.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard N. Barton sold 5,698 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the transaction, the director now directly owns 246 shares in the company, valued at $185,976. This represents a 95.86 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,198 shares of company stock valued at $127,616,898. 1.76% of the stock is owned by corporate insiders.

Institutional Trading of Netflix

A number of institutional investors have recently added to or reduced their stakes in NFLX. Mayflower Financial Advisors LLC lifted its position in shares of Netflix by 60.1% during the 4th quarter. Mayflower Financial Advisors LLC now owns 988 shares of the Internet television network’s stock valued at $881,000 after acquiring an additional 371 shares during the period. BSW Wealth Partners raised its holdings in Netflix by 6.5% during the fourth quarter. BSW Wealth Partners now owns 1,562 shares of the Internet television network’s stock worth $1,392,000 after purchasing an additional 96 shares during the last quarter. Bensler LLC boosted its position in Netflix by 2.3% during the fourth quarter. Bensler LLC now owns 16,267 shares of the Internet television network’s stock worth $14,499,000 after purchasing an additional 372 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in Netflix by 3.6% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,510 shares of the Internet television network’s stock valued at $1,346,000 after purchasing an additional 53 shares during the last quarter. Finally, Aspire Capital Advisors LLC purchased a new position in shares of Netflix in the fourth quarter valued at $213,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

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.