Jefferies Financial Group Increases Netflix (NASDAQ:NFLX) Price Target to $800.00

Netflix (NASDAQ:NFLX) had its price objective boosted by equities researchers at Jefferies Financial Group from $780.00 to $800.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the Internet television network’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 9.08% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Wedbush upped their target price on Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a report on Thursday. Redburn Atlantic increased their price objective on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. KeyCorp increased their price objective on Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research note on Friday. The Goldman Sachs Group upped their target price on Netflix from $650.00 to $659.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Finally, Piper Sandler raised Netflix from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $650.00 to $800.00 in a research report on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average target price of $718.97.

Netflix Trading Up 6.7 %

Shares of NASDAQ NFLX opened at $733.40 on Friday. Netflix has a 12 month low of $392.26 and a 12 month high of $736.00. The company has a market cap of $316.10 billion, a price-to-earnings ratio of 50.90, a P/E/G ratio of 1.49 and a beta of 1.26. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The business has a fifty day simple moving average of $693.78 and a 200-day simple moving average of $653.62.

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

Insiders Place Their Bets

In other Netflix news, Director Leslie J. Kilgore sold 383 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total value of $279,590.00. Following the completion of the sale, the director now owns 35,262 shares in the company, valued at approximately $25,741,260. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Netflix news, Chairman Reed Hastings sold 45,290 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total value of $31,981,986.40. Following the completion of the sale, the chairman now owns 85 shares in the company, valued at approximately $60,023.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leslie J. Kilgore sold 383 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total value of $279,590.00. Following the transaction, the director now owns 35,262 shares of the company’s stock, valued at $25,741,260. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 225,167 shares of company stock worth $150,492,460. 1.76% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Netflix

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Heartland Bank & Trust Co lifted its position in shares of Netflix by 0.9% during the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock worth $1,195,000 after buying an additional 15 shares during the period. Meritas Wealth Management LLC lifted its position in shares of Netflix by 2.9% during the 3rd quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock worth $406,000 after buying an additional 16 shares during the period. Stage Harbor Financial LLC lifted its position in shares of Netflix by 4.8% during the 3rd quarter. Stage Harbor Financial LLC now owns 346 shares of the Internet television network’s stock worth $250,000 after buying an additional 16 shares during the period. Obermeyer Wood Investment Counsel Lllp raised its position in Netflix by 2.8% in the 1st quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock valued at $378,000 after purchasing an additional 17 shares during the last quarter. Finally, Private Portfolio Partners LLC boosted its stake in Netflix by 1.7% in the first quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock worth $633,000 after purchasing an additional 17 shares in the last quarter. 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.