Netflix (NASDAQ:NFLX) Earns “Outperform” Rating from BMO Capital Markets

Netflix (NASDAQ:NFLX)‘s stock had its “outperform” rating reissued by equities research analysts at BMO Capital Markets in a research note issued on Wednesday,Benzinga reports. They currently have a $1,175.00 price objective on the Internet television network’s stock, up from their previous price objective of $1,000.00. BMO Capital Markets’ price target points to a potential upside of 35.11% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Pivotal Research raised their target price on shares of Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Argus boosted their price objective on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. cut their target price on Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Sanford C. Bernstein boosted their price target on Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Finally, Guggenheim raised their price objective on Netflix from $825.00 to $950.00 and gave the stock a “buy” rating in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $952.30.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $869.68 on Wednesday. The company has a 50-day simple moving average of $885.64 and a 200-day simple moving average of $760.81. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $371.75 billion, a PE ratio of 49.22, a price-to-earnings-growth ratio of 1.40 and a beta of 1.27. Netflix has a 12 month low of $479.90 and a 12 month high of $941.75.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10,141,900 billion. During the same period in the previous year, the company earned $2.11 EPS. Netflix’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, equities analysts anticipate that Netflix will post 19.76 earnings per share for the current year.

Insider Activity at Netflix

In other news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. This trade represents a 0.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Theodore A. Sarandos sold 1,278 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total transaction of $980,289.90. Following the sale, the chief executive officer now owns 2,556 shares in the company, valued at approximately $1,960,579.80. This trade represents a 33.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 152,198 shares of company stock valued at $127,616,898 over the last three months. 1.76% of the stock is owned by insiders.

Institutional Investors Weigh In On Netflix

A number of hedge funds have recently added to or reduced their stakes in NFLX. State Street Corp increased its holdings in shares of Netflix by 2.6% in the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after acquiring an additional 426,740 shares during the period. Geode Capital Management LLC grew its position in Netflix by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock worth $6,464,736,000 after purchasing an additional 123,029 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after purchasing an additional 316,594 shares during the period. International Assets Investment Management LLC increased its stake in shares of Netflix by 116,620.0% in the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of Netflix by 0.5% during the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock valued at $3,473,571,000 after buying an additional 23,702 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

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.