Netflix (NASDAQ:NFLX) Price Target Raised to $1,100.00 at Evercore ISI

Netflix (NASDAQ:NFLX - Get Free Report) had its target price hoisted by stock analysts at Evercore ISI from $950.00 to $1,100.00 in a report released on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the Internet television network's stock. Evercore ISI's price target points to a potential upside of 26.48% from the company's previous close.

Several other analysts have also recently issued reports on the company. UBS Group raised their target price on Netflix from $825.00 to $1,040.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Wells Fargo & Company increased their price objective on Netflix from $758.00 to $797.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. Loop Capital reduced their target price on Netflix from $950.00 to $925.00 and set a "hold" rating on the stock in a research note on Thursday, January 16th. Needham & Company LLC raised their price target on Netflix from $800.00 to $1,150.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Benchmark boosted their price objective on shares of Netflix from $555.00 to $720.00 and gave the company a "sell" rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $956.85.

Netflix Stock Performance

NASDAQ:NFLX opened at $869.68 on Wednesday. Netflix has a 1-year low of $479.90 and a 1-year high of $941.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50 day moving average of $886.64 and a 200 day moving average of $762.07. The company has a market capitalization of $371.75 billion, a price-to-earnings ratio of 49.22, a PEG 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10,141,900 billion. During the same period in the prior year, the business posted $2.11 earnings per share. The company's revenue was up 16.0% on a year-over-year basis. On average, sell-side analysts predict that Netflix will post 19.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 41,601 shares of Netflix stock in a transaction on Friday, November 1st. The shares were sold at an average price of $758.06, for a total value of $31,536,054.06. Following the sale, the chairman now directly owns 85 shares in the company, valued at approximately $64,435.10. The trade was a 99.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard N. Barton sold 6,364 shares of the company's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the sale, the director now directly owns 246 shares in the company, valued at $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 152,198 shares of company stock valued at $127,616,898. 1.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Epoch Investment Partners Inc. increased its position in Netflix by 27.1% during the 2nd quarter. Epoch Investment Partners Inc. now owns 544 shares of the Internet television network's stock valued at $367,000 after purchasing an additional 116 shares during the period. Mill Creek Capital Advisors LLC raised its stake in Netflix by 24.8% in the second quarter. Mill Creek Capital Advisors LLC now owns 433 shares of the Internet television network's stock valued at $292,000 after buying an additional 86 shares during the last quarter. Clear Point Advisors Inc. grew its stake in shares of Netflix by 3.9% during the second quarter. Clear Point Advisors Inc. now owns 449 shares of the Internet television network's stock worth $303,000 after acquiring an additional 17 shares during the last quarter. Insigneo Advisory Services LLC increased its holdings in shares of Netflix by 10.6% during the second quarter. Insigneo Advisory Services LLC now owns 8,230 shares of the Internet television network's stock valued at $5,554,000 after acquiring an additional 786 shares in the last quarter. Finally, Fred Alger Management LLC raised its position in shares of Netflix by 4.7% in the 2nd quarter. Fred Alger Management LLC now owns 465,249 shares of the Internet television network's stock valued at $313,987,000 after purchasing an additional 20,962 shares during the last quarter. 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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