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

Netflix (NASDAQ:NFLX - Get Free Report) had its price target lifted by stock analysts at Macquarie from $965.00 to $1,150.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the Internet television network's stock. Macquarie's price target points to a potential upside of 32.23% from the company's current price.

NFLX has been the subject of several other research reports. KeyCorp boosted their target price on shares of Netflix from $760.00 to $785.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. JPMorgan Chase & Co. reduced their target price on Netflix from $1,010.00 to $1,000.00 and set an "overweight" rating on the stock in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft boosted their price target on Netflix from $590.00 to $650.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. The Goldman Sachs Group raised their price objective on Netflix from $750.00 to $850.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 8th. Finally, Rosenblatt Securities upgraded shares of Netflix from a "neutral" rating to a "buy" rating and raised their price target for the stock from $680.00 to $1,494.00 in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $952.30.

Netflix Price Performance

Netflix stock opened at $869.68 on Wednesday. The firm has a fifty day moving average of $885.64 and a 200-day moving average of $760.81. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix has a 52-week low of $479.90 and a 52-week high of $941.75. The firm has a market capitalization of $371.75 billion, a P/E ratio of 49.22, a PEG ratio of 1.40 and a beta of 1.27.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10,141,900 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Netflix's revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the company earned $2.11 earnings per share. As a group, analysts predict that Netflix will post 19.76 EPS for the current year.

Insider Transactions at Netflix

In other news, CEO Theodore A. Sarandos sold 1,278 shares of the business's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total transaction of $980,289.90. Following the sale, the chief executive officer now directly owns 2,556 shares of the company's stock, valued at $1,960,579.80. The trade was a 33.33 % 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 Anne M. Sweeney sold 589 shares of the company's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Insiders have sold 152,198 shares of company stock valued at $127,616,898 in the last quarter. Insiders own 1.76% of the company's stock.

Institutional Trading of Netflix

Hedge funds have recently modified their holdings of the business. RPg Family Wealth Advisory LLC acquired a new position in Netflix in the 3rd quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network's stock valued at $34,000 after buying an additional 42 shares in the last quarter. Decker Retirement Planning Inc. acquired a new position in Netflix in the fourth quarter worth approximately $43,000. MidAtlantic Capital Management Inc. bought a new position in Netflix during the third quarter valued at approximately $37,000. Finally, FSA Wealth Management LLC acquired a new stake in Netflix in the third quarter valued at approximately $38,000. 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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