Loop Capital Raises Netflix (NASDAQ:NFLX) Price Target to $1,000.00

Netflix (NASDAQ:NFLX) had its price target increased by stock analysts at Loop Capital from $925.00 to $1,000.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the Internet television network’s stock. Loop Capital’s price objective would suggest a potential upside of 1.54% from the company’s previous close.

Several other equities analysts have also recently weighed in on NFLX. Wedbush restated an “outperform” rating and issued a $950.00 price objective (up previously from $800.00) on shares of Netflix in a report on Monday, November 18th. Benchmark boosted their price target on Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research report on Friday, January 3rd. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research report on Saturday, December 21st. Finally, Piper Sandler lifted their price objective on shares of Netflix from $840.00 to $950.00 and gave the company an “overweight” rating in a research report on Tuesday, January 14th. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $996.94.

Netflix Stock Up 3.2 %

NASDAQ:NFLX opened at $984.86 on Wednesday. The stock has a 50-day simple moving average of $889.11 and a 200 day simple moving average of $763.41. Netflix has a 52-week low of $537.07 and a 52-week high of $999.00. The company has a market cap of $420.99 billion, a PE ratio of 49.67, a PEG ratio of 1.41 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

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, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 39.48%. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. During the same period last year, the company earned $2.11 earnings per share. The firm’s revenue was up 16.0% compared to the same quarter last year. On average, sell-side analysts expect that Netflix will post 23.43 EPS for the current fiscal year.

Insider Transactions at Netflix

In other news, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the transaction, the director now directly owns 246 shares in the company, valued at $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 146,500 shares of company stock valued at $123,309,210. 1.76% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Netflix

A number of large investors have recently modified their holdings of NFLX. DigitalBridge Group Inc. boosted its stake in Netflix by 35.5% in the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after buying an additional 9,451 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Netflix by 22.7% in the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock worth $760,918,000 after acquiring an additional 156,958 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Netflix by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock valued at $1,829,494,000 after purchasing an additional 29,726 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Netflix by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock valued at $434,398,000 after purchasing an additional 11,921 shares during the last quarter. Finally, M&T Bank Corp increased its position in Netflix by 4.2% during the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after purchasing an additional 1,684 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

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.