Netflix (NASDAQ:NFLX) Given New $875.00 Price Target at Deutsche Bank Aktiengesellschaft

Netflix (NASDAQ:NFLX) had its target price boosted by Deutsche Bank Aktiengesellschaft from $650.00 to $875.00 in a research report report published on Wednesday morning,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the Internet television network’s stock.

Several other research analysts have also recently weighed in on NFLX. Benchmark boosted their target price on Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a report on Friday, January 3rd. TD Cowen raised their target price on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Rosenblatt Securities raised shares of Netflix from a “neutral” rating to a “buy” rating and boosted their price target for the company from $680.00 to $1,494.00 in a research report on Wednesday. Robert W. Baird raised their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Guggenheim boosted their target price on shares of Netflix from $825.00 to $950.00 and gave the company a “buy” rating in a report on Monday, January 13th. Nine analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $993.82.

Netflix Stock Up 9.7 %

Netflix stock opened at $953.99 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $407.79 billion, a PE ratio of 53.99, a price-to-earnings-growth ratio of 1.40 and a beta of 1.27. The business has a 50 day simple moving average of $886.64 and a 200-day simple moving average of $762.07. Netflix has a 12 month low of $481.40 and a 12 month high of $999.00.

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

Insider Activity at Netflix

In other news, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the sale, the chairman now owns 114 shares in the company, valued at $102,212.40. This represents a 99.76 % 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. Insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

Institutional investors have recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix during the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the period. Decker Retirement Planning Inc. bought a new position in Netflix in the fourth quarter worth $43,000. MidAtlantic Capital Management Inc. acquired a new stake in Netflix during the third quarter worth $37,000. Finally, FSA Wealth Management LLC bought a new stake in Netflix in the 3rd quarter valued at $38,000. 80.93% of the stock is owned by institutional investors and hedge funds.

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.