Netflix (NASDAQ:NFLX) Given New $1,100.00 Price Target at Guggenheim

Netflix (NASDAQ:NFLX) had its price target lifted by Guggenheim from $950.00 to $1,100.00 in a research report sent to investors on Wednesday,Benzinga reports. Guggenheim currently has a buy rating on the Internet television network’s stock.

A number of other equities research analysts have also issued reports on NFLX. Macquarie raised their price target on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Wednesday. Robert W. Baird raised their target price on Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday. Loop Capital upped their price target on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research report on Wednesday. Jefferies Financial Group lifted their price objective on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, TD Cowen upped their target price on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a 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’s stock. Based on data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average target price of $993.82.

Netflix Stock Up 9.7 %

Shares of NASDAQ:NFLX opened at $953.99 on Wednesday. Netflix has a 12-month low of $481.40 and a 12-month 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’s 50-day moving average price is $886.64 and its 200-day moving average price is $762.07. The stock has a market capitalization of $407.79 billion, a P/E ratio of 53.99, a price-to-earnings-growth ratio of 1.40 and a beta of 1.27.

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

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction 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 directly owns 31,610 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, Director Richard N. Barton sold 5,698 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the completion of the transaction, the director now owns 246 shares in the company, valued at approximately $185,976. This trade represents a 95.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 152,198 shares of company stock valued at $127,616,898. 1.76% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Epoch Investment Partners Inc. grew its position in Netflix by 27.1% during the second quarter. Epoch Investment Partners Inc. now owns 544 shares of the Internet television network’s stock valued at $367,000 after buying an additional 116 shares during the period. Mill Creek Capital Advisors LLC increased its stake in shares of Netflix by 24.8% in the 2nd quarter. Mill Creek Capital Advisors LLC now owns 433 shares of the Internet television network’s stock worth $292,000 after purchasing an additional 86 shares in the last quarter. Clear Point Advisors Inc. raised its holdings in Netflix by 3.9% in the 2nd quarter. Clear Point Advisors Inc. now owns 449 shares of the Internet television network’s stock worth $303,000 after purchasing an additional 17 shares during the period. Insigneo Advisory Services LLC lifted its position in Netflix by 10.6% during the second quarter. Insigneo Advisory Services LLC now owns 8,230 shares of the Internet television network’s stock valued at $5,554,000 after purchasing an additional 786 shares in the last quarter. Finally, Fred Alger Management LLC increased its position in Netflix by 4.7% in the second quarter. Fred Alger Management LLC now owns 465,249 shares of the Internet television network’s stock worth $313,987,000 after buying an additional 20,962 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other 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.