Netflix (NASDAQ:NFLX) Price Target Raised to $775.00 at Oppenheimer

Netflix (NASDAQ:NFLX) had its price objective raised by Oppenheimer from $725.00 to $775.00 in a research note issued to investors on Thursday morning, Marketbeat.com reports. They currently have an outperform rating on the Internet television network’s stock.

Other research analysts have also recently issued reports about the company. KeyCorp boosted their target price on Netflix from $735.00 to $760.00 and gave the stock an overweight rating in a report on Tuesday, October 1st. TD Cowen lifted their price target on shares of Netflix from $775.00 to $820.00 and gave the company a buy rating in a research report on Monday. Argus lifted their price target on shares of Netflix from $660.00 to $767.00 and gave the company a buy rating in a research report on Tuesday, July 2nd. StockNews.com raised shares of Netflix from a hold rating to a buy rating in a research report on Tuesday, September 24th. Finally, Redburn Atlantic lifted their price target on shares of Netflix from $740.00 to $760.00 and gave the company a buy rating in a research report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $699.56.

Netflix Price Performance

Shares of Netflix stock traded up $2.97 on Thursday, hitting $733.26. 318,891 shares of the company were exchanged, compared to its average volume of 3,639,737. The stock has a market capitalization of $314.69 billion, a price-to-earnings ratio of 45.96, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The company has a 50-day moving average price of $684.42 and a 200 day moving average price of $650.52. Netflix has a 1-year low of $344.73 and a 1-year high of $736.00. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.14. The business had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.29 EPS. As a group, sell-side analysts predict that Netflix will post 19.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Netflix news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Reed Hastings sold 25,599 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the completion of the sale, the chairman now directly owns 57 shares of the company’s stock, valued at $35,991.51. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 224,784 shares of company stock worth $150,212,870 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NFLX. Denver PWM LLC purchased a new position in Netflix during the second quarter worth about $25,000. Valued Wealth Advisors LLC raised its holdings in Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 20 shares in the last quarter. Beaird Harris Wealth Management LLC raised its holdings in Netflix by 1,550.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 62 shares in the last quarter. Scarborough Advisors LLC purchased a new position in Netflix during the fourth quarter worth about $32,000. Finally, Indiana Trust & Investment Management CO raised its holdings in Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 28 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other 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.