Loop Capital Cuts Netflix (NASDAQ:NFLX) Price Target to $925.00

Netflix (NASDAQ:NFLX) had its price objective reduced by Loop Capital from $950.00 to $925.00 in a research note released on Thursday morning,Benzinga reports. They currently have a hold rating on the Internet television network’s stock.

Several other research firms have also issued reports on NFLX. Benchmark upped their price target on Netflix from $555.00 to $720.00 and gave the company a “sell” rating in a research report on Friday, January 3rd. Citigroup raised their target price on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Macquarie increased their price target on Netflix from $795.00 to $965.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Wells Fargo & Company raised their price target on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, TD Cowen upped their price objective on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $845.06.

Netflix Price Performance

NFLX opened at $858.10 on Thursday. The company has a market capitalization of $366.80 billion, a P/E ratio of 48.56, a PEG ratio of 1.35 and a beta of 1.27. The company has a 50-day moving average of $884.58 and a 200-day moving average of $758.48. 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 has a 1-year low of $476.06 and a 1-year high of $941.75.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Equities analysts expect that Netflix will post 19.78 EPS for the current fiscal year.

Insider Transactions at Netflix

In other Netflix news, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard N. Barton sold 5,698 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the sale, the director now owns 246 shares in the company, valued at $185,976. This represents a 95.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 152,198 shares of company stock valued at $127,616,898 over the last three months. Company insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Netflix

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix in the third quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. grew 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 valued at $34,000 after acquiring an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of Netflix in the third quarter worth approximately $37,000. FSA Wealth Management LLC purchased a new stake in shares of Netflix in the third quarter worth approximately $38,000. Finally, First Personal Financial Services acquired a new stake in shares of Netflix during the third quarter worth approximately $40,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

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.