Netflix (NASDAQ:NFLX) Price Target Raised to $1,200.00 at Robert W. Baird

Netflix (NASDAQ:NFLX) had its price objective lifted by stock analysts at Robert W. Baird from $875.00 to $1,200.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the Internet television network’s stock. Robert W. Baird’s target price points to a potential upside of 21.84% from the company’s current price.

Several other research analysts also recently issued reports on the company. Guggenheim lifted their price objective on Netflix from $825.00 to $950.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Citigroup upped their price objective on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Pivotal Research lifted their price objective on Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Needham & Company LLC upped their target price on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Bank of America lifted their price target on shares of Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $996.94.

Netflix Stock Up 3.2 %

NFLX opened at $984.86 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $420.99 billion, a price-to-earnings ratio of 49.67, a PEG ratio of 1.41 and a beta of 1.27. Netflix has a one year low of $537.07 and a one year high of $999.00. The business’s fifty day moving average is $889.11 and its two-hundred day moving average is $763.41.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data 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 22.34% and a return on equity of 39.48%. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10,141,900 billion. During the same period in the previous year, the firm earned $2.11 EPS. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. Analysts anticipate that Netflix will post 23.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the transaction, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Hyman sold 267 shares of Netflix stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,500 shares of company stock worth $123,309,210 in the last 90 days. 1.76% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Custom Index Systems LLC increased its holdings in Netflix by 3.7% during the 4th quarter. Custom Index Systems LLC now owns 1,569 shares of the Internet television network’s stock worth $1,398,000 after purchasing an additional 56 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in shares of Netflix in the fourth quarter worth $446,000. Austin Private Wealth LLC raised its holdings in Netflix by 16.8% in the fourth quarter. Austin Private Wealth LLC now owns 834 shares of the Internet television network’s stock valued at $743,000 after acquiring an additional 120 shares in the last quarter. Caprock Group LLC boosted its stake in Netflix by 3.9% during the 4th quarter. Caprock Group LLC now owns 17,745 shares of the Internet television network’s stock valued at $15,817,000 after acquiring an additional 661 shares during the last quarter. Finally, New Wave Wealth Advisors LLC grew its holdings in Netflix by 5.7% during the 4th quarter. New Wave Wealth Advisors LLC now owns 1,754 shares of the Internet television network’s stock worth $1,563,000 after acquiring an additional 95 shares in the last quarter. 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.