Brokerages Set Netflix, Inc. (NASDAQ:NFLX) Target Price at $1,021.70

Shares of Netflix, Inc. (NASDAQ:NFLX) have received an average recommendation of “Moderate Buy” from the thirty-five analysts that are currently covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation, twenty-five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $1,021.70.

NFLX has been the topic of a number of research reports. Needham & Company LLC upped their price objective on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Bank of America boosted their price objective on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. KeyCorp raised their price target on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Loop Capital boosted their price objective on Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a research report on Wednesday, January 22nd. Finally, Pivotal Research boosted their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd.

Insider Activity at Netflix

In related news, Director Timothy M. Haley sold 647 shares of Netflix stock in a transaction on Monday, November 11th. The stock was sold at an average price of $800.19, for a total transaction of $517,722.93. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gregory K. Peters sold 4,434 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $1,015.00, for a total transaction of $4,500,510.00. Following the transaction, the chief executive officer now owns 12,950 shares of the company’s stock, valued at approximately $13,144,250. The trade was a 25.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 299,517 shares of company stock valued at $285,805,037. 1.76% of the stock is owned by insiders.

Institutional Investors Weigh In On Netflix

Several institutional investors have recently added to or reduced their stakes in the business. AMF Tjanstepension AB grew its position in shares of Netflix by 7.4% in the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after purchasing an additional 4,701 shares in the last quarter. Czech National Bank raised its position in Netflix by 6.5% during the third quarter. Czech National Bank now owns 87,425 shares of the Internet television network’s stock valued at $62,008,000 after purchasing an additional 5,312 shares in the last quarter. GAMMA Investing LLC boosted its stake in Netflix by 29.4% in the third quarter. GAMMA Investing LLC now owns 7,119 shares of the Internet television network’s stock worth $5,049,000 after buying an additional 1,618 shares in the last quarter. Diversified Trust Co raised its position in Netflix by 69.1% in the 3rd quarter. Diversified Trust Co now owns 10,635 shares of the Internet television network’s stock worth $7,544,000 after purchasing an additional 4,347 shares during the period. Finally, Smith Anglin Financial LLC increased its holdings in shares of Netflix by 28.4% in the third quarter. Smith Anglin Financial LLC now owns 457 shares of the Internet television network’s stock worth $324,000 after buying an additional 101 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Down 0.2 %

NASDAQ:NFLX opened at $1,013.93 on Monday. The business has a 50 day moving average price of $914.82 and a two-hundred day moving average price of $787.62. Netflix has a twelve month low of $542.01 and a twelve month high of $1,027.76. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market cap of $433.72 billion, a P/E ratio of 51.13, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27.

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 analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the firm posted $2.11 EPS. The company’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, analysts expect that Netflix will post 24.58 EPS for the current fiscal year.

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.