Netflix (NASDAQ:NFLX) Given New $1,200.00 Price Target at Macquarie

Netflix (NASDAQ:NFLX - Get Free Report) had its price objective raised by research analysts at Macquarie from $1,150.00 to $1,200.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an "outperform" rating on the Internet television network's stock. Macquarie's price target would indicate a potential upside of 22.95% from the stock's current price.

Other equities analysts also recently issued reports about the stock. Robert W. Baird raised their price target on shares of Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft upped their price target on Netflix from $650.00 to $875.00 and gave the company a "hold" rating in a research report on Wednesday, January 22nd. FBN Securities assumed coverage on Netflix in a report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 target price for the company. UBS Group lowered their price target on shares of Netflix from $1,150.00 to $1,140.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, Pivotal Research restated a "buy" rating and set a $1,350.00 price objective (up from $1,250.00) on shares of Netflix in a research report on Thursday. Nine research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,070.65.

Netflix Price Performance

Shares of Netflix stock traded up $2.97 during mid-day trading on Monday, reaching $976.00. 7,116,760 shares of the stock traded hands, compared to its average volume of 3,687,043. The stock has a market capitalization of $417.49 billion, a PE ratio of 49.22, a PEG ratio of 2.12 and a beta of 1.55. The business has a 50-day moving average of $954.87 and a 200 day moving average of $894.38. Netflix has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period in the prior year, the company earned $8.28 EPS. On average, analysts predict that Netflix will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In other news, Director Ann Mather sold 2,682 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Hyman sold 41,121 shares of Netflix stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the sale, the insider now owns 31,610 shares in the company, valued at $30,946,506.10. This represents a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 274,312 shares of company stock valued at $267,919,297. 1.76% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Netflix

Several hedge funds have recently made changes to their positions in the company. West Michigan Advisors LLC grew its stake in Netflix by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after buying an additional 10 shares during the last quarter. Warwick Investment Management Inc. grew its position in shares of Netflix by 3.5% during the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after acquiring an additional 10 shares during the last quarter. MRP Capital Investments LLC increased its holdings in shares of Netflix by 1.0% in the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after acquiring an additional 10 shares during the period. Bedell Frazier Investment Counselling LLC raised its position in Netflix by 2.2% in the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after purchasing an additional 10 shares during the last quarter. Finally, Mission Creek Capital Partners Inc. boosted its stake in Netflix by 0.3% during the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock worth $3,410,000 after purchasing an additional 10 shares during the period. 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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