Netflix (NASDAQ:NFLX) Given New $1,150.00 Price Target at Macquarie

Netflix (NASDAQ:NFLX) had its target price increased by Macquarie from $965.00 to $1,150.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has an outperform rating on the Internet television network’s stock.

A number of other brokerages also recently commented on NFLX. KeyCorp raised their price objective on Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. reduced their target price on Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Canaccord Genuity Group increased their price objective on shares of Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Oppenheimer decreased their target price on shares of Netflix from $1,065.00 to $1,040.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 15th. Finally, Wells Fargo & Company increased their price target on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Nine equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $993.82.

Netflix Stock Up 9.7 %

NFLX opened at $953.99 on Wednesday. Netflix has a 1-year low of $481.40 and a 1-year high of $999.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $407.79 billion, a price-to-earnings ratio of 53.99, a P/E/G ratio of 1.40 and a beta of 1.27. The business has a 50 day moving average of $886.64 and a 200-day moving average of $762.07.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.11 EPS. As a group, sell-side analysts anticipate that Netflix will post 19.76 earnings per share for the current year.

Insider Buying and Selling

In other news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $24,202,828.70. The trade was a 0.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now directly owns 114 shares of the company’s stock, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 152,198 shares of company stock worth $127,616,898 over the last three months. 1.76% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Netflix

Institutional investors have recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC bought a new position in Netflix during the third quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the last quarter. Decker Retirement Planning Inc. acquired a new position in Netflix during the fourth quarter valued at approximately $43,000. MidAtlantic Capital Management Inc. bought a new stake in Netflix in the third quarter valued at approximately $37,000. Finally, FSA Wealth Management LLC acquired a new stake in Netflix in the third quarter worth $38,000. 80.93% of the stock is owned by institutional investors and hedge funds.

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.