Analysts Set Netflix, Inc. (NASDAQ:NFLX) PT at $1,297.66

Netflix, Inc. (NASDAQ:NFLX) has been assigned a consensus recommendation of “Moderate Buy” from the thirty-six analysts that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $1,297.66.

Several research analysts have recently issued reports on NFLX shares. Jefferies Financial Group set a $1,500.00 target price on shares of Netflix and gave the stock a “buy” rating in a report on Friday, July 18th. Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the stock an “outperform” rating in a report on Friday, May 16th. Seaport Res Ptn cut shares of Netflix from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 6th. Barclays restated a “sell” rating and issued a $1,100.00 target price (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th.

Insider Buying and Selling

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the business’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $1,211.67, for a total value of $3,151,553.67. Following the completion of the transaction, the chief financial officer owned 3,691 shares of the company’s stock, valued at approximately $4,472,273.97. The trade was a 41.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bradford L. Smith sold 3,919 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the completion of the transaction, the director directly owned 7,969 shares of the company’s stock, valued at approximately $8,959,227.94. This trade represents a 32.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 123,830 shares of company stock worth $153,102,930 over the last quarter. 1.37% of the stock is owned by insiders.

Hedge Funds Weigh In On Netflix

A number of hedge funds have recently bought and sold shares of NFLX. GAMMA Investing LLC raised its position in Netflix by 109,524.3% in the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock worth $8,239,576,000 after buying an additional 8,827,662 shares during the last quarter. Nuveen LLC purchased a new position in Netflix in the 1st quarter worth about $2,385,585,000. Kingstone Capital Partners Texas LLC raised its position in Netflix by 343,058.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock worth $3,299,450,000 after buying an additional 2,463,158 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Netflix by 57.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock worth $3,164,134,000 after buying an additional 1,236,251 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Netflix by 59.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network’s stock worth $2,051,016,000 after buying an additional 856,307 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 1.3%

NFLX stock opened at $1,184.20 on Monday. The company has a market capitalization of $503.20 billion, a PE ratio of 50.46, a price-to-earnings-growth ratio of 1.97 and a beta of 1.59. Netflix has a one year low of $587.04 and a one year high of $1,341.15. The company’s 50 day moving average price is $1,235.42 and its two-hundred day moving average price is $1,077.88. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period last year, the firm posted $4.88 earnings per share. The business’s revenue was up 15.9% compared to the same quarter last year. As a group, analysts predict that Netflix will post 24.58 earnings per share for the current fiscal year.

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.