Netflix (NASDAQ:NFLX) Given New $1,040.00 Price Target at Argus

Netflix (NASDAQ:NFLX - Get Free Report) had its price objective increased by stock analysts at Argus from $840.00 to $1,040.00 in a report issued on Monday, MarketBeat reports. The brokerage currently has a "buy" rating on the Internet television network's stock. Argus' target price would indicate a potential upside of 17.94% from the company's previous close.

Several other research firms have also commented on NFLX. Wedbush reaffirmed an "outperform" rating and issued a $950.00 price target (up from $800.00) on shares of Netflix in a report on Monday, November 18th. Jefferies Financial Group upped their target price on Netflix from $780.00 to $800.00 and gave the company a "buy" rating in a report on Friday, October 18th. Oppenheimer increased their price target on Netflix from $825.00 to $1,065.00 and gave the stock an "outperform" rating in a research report on Monday, December 16th. JPMorgan Chase & Co. boosted their price objective on Netflix from $850.00 to $1,010.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Finally, UBS Group increased their target price on Netflix from $825.00 to $1,040.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $821.27.

Netflix Stock Up 0.1 %

Netflix stock traded up $0.74 during midday trading on Monday, hitting $881.79. The stock had a trading volume of 3,453,664 shares, compared to its average volume of 2,912,861. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The business has a fifty day moving average price of $866.57 and a 200 day moving average price of $746.99. Netflix has a 12 month low of $472.95 and a 12 month high of $941.75. The stock has a market cap of $376.93 billion, a P/E ratio of 49.90, a P/E/G ratio of 1.77 and a beta of 1.27.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating analysts' consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Research analysts predict that Netflix will post 19.78 EPS for the current year.

Insider Transactions at Netflix

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were 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 directly owns 114 shares of the company's stock, valued at approximately $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Hyman sold 267 shares of the firm's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the transaction, the insider now owns 31,610 shares of the company's stock, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 150,761 shares of company stock valued at $125,713,484 in the last three months. 1.76% of the stock is currently owned by corporate insiders.

Institutional Trading of Netflix

Large investors have recently added to or reduced their stakes in the company. DigitalBridge Group Inc. grew its position in Netflix by 35.5% during the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network's stock valued at $24,338,000 after purchasing an additional 9,451 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Netflix by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network's stock valued at $1,829,494,000 after purchasing an additional 29,726 shares during the last quarter. Nordea Investment Management AB grew its stake in Netflix by 22.7% in the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network's stock valued at $760,918,000 after purchasing an additional 156,958 shares in the last quarter. Natixis Advisors LLC increased its position in Netflix by 2.0% in the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network's stock worth $434,398,000 after purchasing an additional 11,921 shares during the last quarter. Finally, M&T Bank Corp raised its stake in shares of Netflix by 4.2% during the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network's stock worth $29,751,000 after purchasing an additional 1,684 shares in the last quarter. 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.