Netflix (NASDAQ:NFLX) PT Raised to $800.00 at Loop Capital

Netflix (NASDAQ:NFLX) had its target price raised by research analysts at Loop Capital from $750.00 to $800.00 in a report issued on Wednesday, MarketBeat.com reports. The firm currently has a “buy” rating on the Internet television network’s stock. Loop Capital’s target price would indicate a potential upside of 16.34% from the stock’s previous close.

NFLX has been the subject of several other reports. Pivotal Research upped their target price on Netflix from $800.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 30th. UBS Group upped their price objective on shares of Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Macquarie raised their target price on shares of Netflix from $695.00 to $795.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. Redburn Atlantic boosted their price target on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a report on Friday, July 19th. Finally, China Renaissance initiated coverage on shares of Netflix in a research note on Thursday, September 5th. They set a “hold” rating and a $680.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $705.74.

Netflix Price Performance

Netflix stock opened at $687.65 on Wednesday. The stock has a market cap of $296.38 billion, a price-to-earnings ratio of 47.72, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The firm has a 50-day moving average of $693.78 and a two-hundred day moving average of $653.62. Netflix has a 1 year low of $344.73 and a 1 year high of $736.00. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. The firm had revenue of $9.56 billion during the quarter, compared to analyst estimates of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. Netflix’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 earnings per share. On average, research analysts forecast that Netflix will post 19.08 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Leslie J. Kilgore sold 383 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $730.00, for a total value of $279,590.00. Following the completion of the transaction, the director now directly owns 35,262 shares in the company, valued at $25,741,260. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was 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 of the company’s stock, valued at approximately $19,128,159.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Leslie J. Kilgore sold 383 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The shares were 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 directly owns 35,262 shares in the company, valued at approximately $25,741,260. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 225,167 shares of company stock valued at $150,492,460 over the last ninety days. Company insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NFLX. GQG Partners LLC acquired a new position in Netflix during the first quarter worth $1,450,476,000. Jennison Associates LLC increased its stake in shares of Netflix by 17.0% during the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after purchasing an additional 929,193 shares in the last quarter. Global Assets Advisory LLC acquired a new position in shares of Netflix during the 1st quarter worth about $436,514,000. Jericho Capital Asset Management L.P. purchased a new position in Netflix in the 1st quarter valued at about $372,293,000. Finally, Swedbank AB acquired a new stake in Netflix in the 1st quarter worth about $216,538,000. Hedge funds and other 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.