Netflix (NASDAQ:NFLX) Given New $750.00 Price Target at Evercore ISI

Netflix (NASDAQ:NFLX) had its target price lifted by Evercore ISI from $710.00 to $750.00 in a research note issued to investors on Tuesday morning, Benzinga reports. The firm currently has an outperform rating on the Internet television network’s stock.

NFLX has been the topic of a number of other research reports. Needham & Company LLC reaffirmed a buy rating and set a $700.00 target price on shares of Netflix in a research note on Friday, July 19th. TD Cowen increased their target price on Netflix from $725.00 to $775.00 and gave the stock a buy rating in a research note on Tuesday, July 9th. The Goldman Sachs Group upped their price target on shares of Netflix from $650.00 to $659.00 and gave the stock a neutral rating in a research report on Friday, July 19th. Sanford C. Bernstein lifted their price objective on shares of Netflix from $600.00 to $625.00 and gave the company a market perform rating in a report on Friday, July 19th. Finally, Argus upped their target price on Netflix from $660.00 to $767.00 and gave the stock a buy rating in a report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of Moderate Buy and an average price target of $685.45.

Netflix Trading Up 1.3 %

Shares of NASDAQ NFLX opened at $701.35 on Tuesday. Netflix has a 1-year low of $344.73 and a 1-year high of $711.33. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The business’s 50 day moving average is $659.04 and its two-hundred day moving average is $629.28. The stock has a market capitalization of $302.28 billion, a P/E ratio of 48.67, a PEG ratio of 1.28 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The firm had revenue of $9.56 billion during 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 company’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.29 EPS. As a group, research analysts expect that Netflix will post 19.08 EPS for the current year.

Insider Buying and Selling

In related news, insider David A. Hyman sold 13,791 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total value of $9,653,700.00. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $22,127,000. The sale was disclosed in a filing with the SEC, which is available through this link. In other Netflix news, insider David A. Hyman sold 13,791 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total value of $9,653,700.00. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $22,127,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gregory K. Peters sold 4,644 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $3,250,800.00. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,163,000. The disclosure for this sale can be found here. Insiders sold 152,700 shares of company stock valued at $98,283,982 over the last quarter. 1.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NFLX. NCP Inc. lifted its stake in shares of Netflix by 5.4% in the 2nd quarter. NCP Inc. now owns 10,491 shares of the Internet television network’s stock valued at $7,080,000 after purchasing an additional 535 shares during the period. Brown Financial Advisors acquired a new position in shares of Netflix in the second quarter worth about $1,201,000. Gordian Capital Singapore Pte Ltd boosted its stake in shares of Netflix by 77.9% during the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 19,522 shares of the Internet television network’s stock worth $13,175,000 after acquiring an additional 8,550 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Netflix during the 2nd quarter worth about $133,000. Finally, Souders Financial Advisors grew its position in shares of Netflix by 29.4% during the 2nd quarter. Souders Financial Advisors now owns 1,824 shares of the Internet television network’s stock valued at $1,231,000 after acquiring an additional 414 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

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.