Netflix (NASDAQ:NFLX) Given New $1,100.00 Price Target at Guggenheim

Netflix (NASDAQ:NFLX) had its target price increased by equities researchers at Guggenheim from $950.00 to $1,100.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the Internet television network’s stock. Guggenheim’s target price would suggest a potential upside of 11.84% from the company’s current price.

NFLX has been the subject of a number of other reports. Rosenblatt Securities upgraded shares of Netflix from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $680.00 to $1,494.00 in a report on Wednesday. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Citigroup upped their price target on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Needham & Company LLC increased their price target on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday. Nine investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $976.55.

Netflix Stock Up 13.1 %

NASDAQ:NFLX traded up $113.85 during trading hours on Wednesday, reaching $983.53. The company’s stock had a trading volume of 4,222,143 shares, compared to its average volume of 3,597,309. The company has a market cap of $420.42 billion, a price-to-earnings ratio of 55.56, a price-to-earnings-growth ratio of 1.40 and a beta of 1.27. Netflix has a one year low of $481.40 and a one year high of $999.00. The business’s 50-day moving average is $886.64 and its 200-day moving average is $762.07. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

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

Insider Buying and Selling at Netflix

In related news, Director Anne M. Sweeney sold 589 shares of Netflix stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 5,698 shares of Netflix stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the sale, the director now directly owns 246 shares of the company’s stock, valued at $185,976. The trade was a 95.86 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 152,198 shares of company stock worth $127,616,898. Insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

A number of institutional investors have recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix during the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Netflix by 700.0% during 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 acquiring an additional 42 shares during the period. Decker Retirement Planning Inc. bought a new stake in shares of Netflix during the 4th quarter worth approximately $43,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Netflix during the 3rd quarter worth approximately $37,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Netflix during the 3rd quarter worth approximately $38,000. 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.