Netflix (NASDAQ:NFLX) Given New $1,150.00 Price Target at Oppenheimer

Netflix (NASDAQ:NFLX - Get Free Report) had its target price raised by research analysts at Oppenheimer from $1,040.00 to $1,150.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the Internet television network's stock. Oppenheimer's target price would suggest a potential upside of 16.81% from the company's current price.

NFLX has been the subject of a number of other research reports. Barclays upgraded Netflix from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $715.00 to $900.00 in a report on Wednesday. Robert W. Baird increased their price objective on Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Wednesday. KeyCorp boosted their target price on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an "overweight" rating in a research report on Wednesday. Pivotal Research lifted their price objective on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Piper Sandler increased their target price on shares of Netflix from $840.00 to $950.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 14th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $972.00.

Netflix Trading Up 13.2 %

Shares of Netflix stock opened at $984.48 on Wednesday. Netflix has a 12-month low of $481.40 and a 12-month high of $997.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The business's 50 day moving average is $886.64 and its 200-day moving average is $762.07. The stock has a market cap of $420.83 billion, a P/E ratio of 55.62, a P/E/G ratio of 1.40 and a beta of 1.27.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts' consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business 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 earnings per share. Netflix's quarterly revenue was up 16.0% on a year-over-year basis. Equities research analysts predict that Netflix will post 19.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, Director Richard N. Barton sold 5,698 shares of the business's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the completion of the sale, the director now owns 246 shares in the company, valued at approximately $185,976. The trade was a 95.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 41,601 shares of Netflix stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the transaction, the chairman now owns 85 shares of the company's stock, valued at $64,435.10. This represents a 99.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 152,198 shares of company stock worth $127,616,898. Corporate insiders own 1.76% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. RPg Family Wealth Advisory LLC bought a new stake in Netflix in the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network's stock worth $34,000 after buying an additional 42 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in shares of Netflix in the 4th quarter worth approximately $43,000. MidAtlantic Capital Management Inc. bought a new position in shares of Netflix in the third quarter valued at approximately $37,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of Netflix during the third quarter valued at approximately $38,000. 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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