Netflix (NASDAQ:NFLX) Price Target Raised to $1,100.00 at Evercore ISI

Netflix (NASDAQ:NFLX) had its price objective raised by Evercore ISI from $950.00 to $1,100.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an outperform rating on the Internet television network’s stock.

Other equities research analysts have also recently issued research reports about the company. Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and raised their target price for the stock from $680.00 to $1,494.00 in a research note on Wednesday. Barclays raised shares of Netflix from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $715.00 to $900.00 in a research report on Wednesday. Needham & Company LLC lifted their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday. Argus increased their target price on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, Loop Capital decreased their price target on shares of Netflix from $950.00 to $925.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. Nine research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus target price of $1,009.29.

Netflix Stock Down 0.7 %

Shares of NASDAQ NFLX opened at $977.59 on Wednesday. The company’s 50 day moving average price is $892.06 and its 200-day moving average price is $764.95. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. Netflix has a 52-week low of $542.01 and a 52-week high of $999.00. The company has a market capitalization of $417.88 billion, a P/E ratio of 49.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (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 38.32%. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10,141,900 billion. During the same quarter in the previous year, the business earned $2.11 earnings per share. Netflix’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities analysts forecast that Netflix will post 23.72 earnings per share for the current year.

Insider Activity

In other Netflix news, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Reed Hastings sold 41,601 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the sale, the chairman now owns 85 shares of the company’s stock, valued at approximately $64,435.10. The trade was a 99.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,117 shares of company stock valued at $123,913,691 in the last ninety days. 1.76% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Netflix

Several institutional investors and hedge funds have recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Netflix during the 3rd quarter valued at $25,000. Princeton Global Asset Management LLC raised its stake in Netflix by 51.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock valued at $42,000 after acquiring an additional 16 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in Netflix during the fourth quarter worth about $43,000. Finally, EMC Capital Management purchased a new position in shares of Netflix in the fourth quarter worth about $45,000. 80.93% of the stock is owned by institutional investors.

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.