KeyCorp Boosts Netflix (NASDAQ:NFLX) Price Target to $1,100.00

Netflix (NASDAQ:NFLX - Get Free Report) had its price target lifted by investment analysts at KeyCorp from $1,000.00 to $1,100.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the Internet television network's stock. KeyCorp's target price would suggest a potential upside of 11.73% from the stock's previous close.

Other research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft upped their price target on Netflix from $650.00 to $875.00 and gave the company a "hold" rating in a report on Wednesday. Wolfe Research reaffirmed an "outperform" rating on shares of Netflix in a research note on Friday, October 18th. JPMorgan Chase & Co. raised their price objective on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an "overweight" rating in a research report on Wednesday. Canaccord Genuity Group raised shares of Netflix from a "hold" rating to a "buy" rating and upped their target price for the stock from $940.00 to $1,150.00 in a report on Wednesday. Finally, Jefferies Financial Group raised their price target on Netflix from $780.00 to $800.00 and gave the company a "buy" 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $972.00.

Netflix Price Performance

NFLX opened at $984.48 on Wednesday. The stock has a market capitalization of $420.83 billion, a PE ratio of 55.62, a price-to-earnings-growth ratio of 1.40 and a beta of 1.27. The stock's 50 day moving average price is $886.64 and its 200-day moving average price is $762.07. Netflix has a 52-week low of $481.40 and a 52-week high of $997.00. 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 released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping 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 company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10,141,900 billion. During the same period in the prior year, the firm earned $2.11 earnings per share. Netflix's revenue was up 16.0% on a year-over-year basis. On average, equities research analysts predict that Netflix will post 19.76 EPS for the current year.

Insider Activity at Netflix

In other news, 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 value of $4,307,688.00. Following the completion of the transaction, the director now owns 246 shares of the company's stock, valued at $185,976. The trade was a 95.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 1,278 shares of the firm's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total value of $980,289.90. Following the sale, the chief executive officer now directly owns 2,556 shares in the company, valued at approximately $1,960,579.80. This trade represents a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 152,198 shares of company stock valued at $127,616,898 in the last three months. 1.76% of the stock is owned by insiders.

Institutional Investors Weigh In On Netflix

Several hedge funds have recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC purchased a new stake in Netflix during the third quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of 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 acquiring an additional 42 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in shares of Netflix during the 3rd quarter worth about $37,000. FSA Wealth Management LLC acquired a new stake in shares of Netflix during the 3rd quarter valued at about $38,000. Finally, First Personal Financial Services purchased a new position in shares of Netflix in the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

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.

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