Netflix (NASDAQ:NFLX) Given New $1,150.00 Price Target at Morgan Stanley

Netflix (NASDAQ:NFLX) had its target price raised by Morgan Stanley from $1,050.00 to $1,150.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the Internet television network’s stock. Morgan Stanley’s price target points to a potential upside of 16.77% from the company’s previous close.

Several other research firms have also recently issued reports on NFLX. Wolfe Research reiterated an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Jefferies Financial Group increased their price objective on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. BMO Capital Markets reaffirmed an “outperform” rating and set a $1,175.00 target price (up previously from $1,000.00) on shares of Netflix in a report on Wednesday. Finally, Oppenheimer cut their price target on Netflix from $1,065.00 to $1,040.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 15th. Ten 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $996.94.

Netflix Stock Up 3.2 %

Shares of NASDAQ NFLX opened at $984.86 on Wednesday. Netflix has a 12-month low of $537.07 and a 12-month high of $999.00. The firm’s 50-day simple moving average is $889.11 and its 200 day simple moving average is $763.41. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The company has a market cap 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 (NASDAQ:NFLX) last released its quarterly earnings results 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. Netflix had a net margin of 22.34% and a return on equity of 39.48%. The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10,141,900 billion. During the same period in the prior year, the firm earned $2.11 earnings per share. Netflix’s revenue was up 16.0% compared to the same quarter last year. On average, research analysts expect that Netflix will post 23.43 earnings per share for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction 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 directly owns 246 shares of the company’s stock, valued at approximately $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 146,500 shares of company stock valued at $123,309,210. 1.76% of the stock is owned by insiders.

Institutional Trading of Netflix

Hedge funds have recently made changes to their positions in the business. DigitalBridge Group Inc. raised its stake in Netflix by 35.5% in the 2nd quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after acquiring an additional 9,451 shares during the period. Nordea Investment Management AB increased its holdings in shares of Netflix by 22.7% in the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock valued at $760,918,000 after purchasing an additional 156,958 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Netflix by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock valued at $1,829,494,000 after purchasing an additional 29,726 shares during the period. Natixis Advisors LLC lifted its stake in shares of Netflix by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after buying an additional 11,921 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Netflix by 4.2% during the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after buying an additional 1,684 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

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.