BMO Capital Markets Reiterates Outperform Rating for Netflix (NASDAQ:NFLX)

Netflix (NASDAQ:NFLX - Get Free Report)'s stock had its "outperform" rating reiterated by equities research analysts at BMO Capital Markets in a note issued to investors on Wednesday,Benzinga reports. They presently have a $1,175.00 target price on the Internet television network's stock, up from their prior target price of $1,000.00. BMO Capital Markets' price target would indicate a potential upside of 35.11% from the stock's current price.

A number of other equities research analysts have also issued reports on NFLX. TD Cowen increased their price target on Netflix from $820.00 to $835.00 and gave the company a "buy" rating in a research report on Friday, October 18th. Needham & Company LLC lifted their price target on shares of Netflix from $700.00 to $800.00 and gave the stock a "buy" rating in a research note on Friday, October 18th. Pivotal Research increased their price objective on shares of Netflix from $925.00 to $1,100.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Sanford C. Bernstein lifted their price objective on shares of Netflix from $625.00 to $780.00 and gave the stock a "market perform" rating in a research report on Friday, October 18th. Finally, Morgan Stanley increased their target price on Netflix from $820.00 to $830.00 and gave the company an "overweight" rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Netflix currently has an average rating of "Moderate Buy" and a consensus price target of $952.30.

Netflix Stock Up 1.3 %

Shares of NFLX opened at $869.68 on Wednesday. Netflix has a 1 year low of $479.90 and a 1 year high of $941.75. The company's 50-day simple moving average is $885.64 and its 200-day simple moving average is $760.81. The stock has a market capitalization of $371.75 billion, a PE ratio of 49.22, a P/E/G ratio of 1.40 and a beta of 1.27. 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 (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $10,141,900 billion. During the same quarter last year, the company posted $2.11 EPS. The firm's revenue was up 16.0% compared to the same quarter last year. Analysts forecast that Netflix will post 19.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, insider David A. Hyman sold 267 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard N. Barton sold 5,698 shares of the business's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the sale, the director now directly owns 246 shares in the company, valued at approximately $185,976. This represents a 95.86 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,198 shares of company stock valued at $127,616,898. 1.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC grew its stake in Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network's stock valued at $4,080,522,000 after acquiring an additional 5,748,200 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Netflix by 154.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network's stock valued at $750,713,000 after purchasing an additional 642,920 shares in the last quarter. State Street Corp grew its position in shares of Netflix by 2.6% in the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock valued at $12,023,082,000 after purchasing an additional 426,740 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Netflix by 4.7% during the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network's stock worth $4,958,417,000 after purchasing an additional 316,594 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new position in shares of Netflix during the 3rd quarter worth approximately $222,871,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

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.

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