Loop Capital Lowers Netflix (NASDAQ:NFLX) Price Target to $925.00

Netflix (NASDAQ:NFLX) had its price target decreased by research analysts at Loop Capital from $950.00 to $925.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “hold” rating on the Internet television network’s stock. Loop Capital’s price target suggests a potential upside of 8.84% from the company’s previous close.

Several other equities analysts also recently commented on NFLX. Wells Fargo & Company increased their target price on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Evercore ISI lifted their target price on shares of Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Pivotal Research increased their price target on Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Sanford C. Bernstein boosted their price objective on Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Finally, Canaccord Genuity Group raised their target price on Netflix from $760.00 to $940.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average price target of $845.06.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $1.60 during midday trading on Thursday, reaching $849.86. The company’s stock had a trading volume of 1,771,955 shares, compared to its average volume of 2,950,394. The business’s 50 day moving average price is $881.04 and its two-hundred day moving average price is $755.96. Netflix has a fifty-two week low of $475.26 and a fifty-two week high of $941.75. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $363.28 billion, a P/E ratio of 48.16, a P/E/G ratio of 1.35 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. On average, analysts forecast that Netflix will post 19.78 EPS for the current fiscal year.

Insider Transactions at Netflix

In other Netflix news, insider David A. Hyman sold 267 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction that occurred on 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. In the last three months, insiders sold 156,742 shares of company stock worth $131,030,268. 1.76% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new position in Netflix during the 3rd quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of Netflix in the 3rd quarter worth about $37,000. FSA Wealth Management LLC purchased a new position in shares of Netflix during the third quarter valued at about $38,000. Finally, First Personal Financial Services purchased a new position in shares of Netflix during the third quarter valued at about $40,000. Institutional investors own 80.93% of the company’s stock.

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.