Netflix (NASDAQ:NFLX) Price Target Raised to $1,150.00

Netflix (NASDAQ:NFLX) had its price objective raised by equities research analysts at JPMorgan Chase & Co. from $1,025.00 to $1,150.00 in a report released on Monday, Marketbeat Ratings reports. The firm presently has an “overweight” rating on the Internet television network’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 10.54% from the stock’s previous close.

A number of other research analysts have also recently issued reports on NFLX. UBS Group dropped their target price on shares of Netflix from $1,150.00 to $1,140.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Benchmark raised Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company upped their target price on Netflix from $1,210.00 to $1,222.00 and gave the company an “overweight” rating in a report on Monday. Finally, The Goldman Sachs Group lifted their price target on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Nine research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,070.65.

Netflix Stock Up 5.3 %

Netflix stock opened at $1,040.34 on Monday. The stock’s 50 day moving average price is $954.01 and its 200 day moving average price is $897.26. The company has a market cap of $445.01 billion, a PE ratio of 52.46, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix has a 1-year low of $544.25 and a 1-year high of $1,064.97.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the previous year, the firm earned $8.28 EPS. On average, sell-side analysts predict that Netflix will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 25,360 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the completion of the sale, the chairman now owns 394 shares of the company’s stock, valued at approximately $362,933.10. This represents a 98.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 274,472 shares of company stock valued at $268,079,297. 1.76% of the stock is currently owned by company insiders.

Institutional Trading of Netflix

Institutional investors have recently added to or reduced their stakes in the business. Halbert Hargrove Global Advisors LLC boosted its position in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after buying an additional 13 shares during the period. Pathway Financial Advisers LLC lifted its position in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 14 shares in the last quarter. Brown Shipley& Co Ltd acquired a new position in Netflix during the 4th quarter worth approximately $27,000. Transce3nd LLC purchased a new position in Netflix in the 4th quarter worth approximately $32,000. Finally, Newton One Investments LLC acquired a new stake in Netflix in the fourth quarter valued at approximately $34,000. 80.93% of the stock is 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.