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

Netflix (NASDAQ:NFLX - Get Free Report) had its price objective boosted by analysts at JPMorgan Chase & Co. from $1,000.00 to $1,150.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the Internet television network's stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 32.23% from the stock's previous close.

Other equities analysts have also recently issued research reports about the stock. Macquarie boosted their price target on shares of Netflix from $965.00 to $1,150.00 and gave the company an "outperform" rating in a research report on Wednesday. Wolfe Research restated an "outperform" rating on shares of Netflix in a research report on Friday, October 18th. Robert W. Baird upped their price target on Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Wednesday. Evercore ISI raised their price objective on Netflix from $775.00 to $950.00 and gave the company an "outperform" rating in a research report on Monday, December 2nd. Finally, Oppenheimer reduced their target price on shares of Netflix from $1,065.00 to $1,040.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and a consensus target price of $952.30.

Netflix Price Performance

Shares of Netflix stock opened at $869.68 on Wednesday. The firm has a market cap of $371.75 billion, a PE ratio of 49.22, a price-to-earnings-growth ratio of 1.40 and a beta of 1.27. The company's fifty day simple moving average is $885.64 and its two-hundred day simple moving average is $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 12-month low of $479.90 and a 12-month high of $941.75.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its 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 return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $10.25 billion for the quarter, compared to analysts' expectations of $10,141,900 billion. During the same period in the previous year, the firm earned $2.11 earnings per share. The business's revenue was up 16.0% compared to the same quarter last year. As a group, equities analysts expect that Netflix will post 19.76 EPS for the current year.

Insider Buying and Selling

In other Netflix news, Director Richard N. Barton sold 6,364 shares of the stock in a transaction 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 completion of the sale, the director now owns 246 shares in the company, valued at approximately $216,327.48. This represents a 96.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 41,601 shares of the business's stock in a transaction dated 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 completion of the transaction, the chairman now owns 85 shares in the company, valued at $64,435.10. The trade was a 99.80 % 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 Investors Weigh In On Netflix

Several institutional investors and hedge funds have recently modified their holdings of the stock. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix during the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in 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 valued at $34,000 after buying an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Netflix in the 3rd quarter worth approximately $37,000. FSA Wealth Management LLC bought a new position in shares of Netflix during the 3rd quarter valued at approximately $38,000. Finally, First Personal Financial Services bought a new stake in Netflix in the third quarter worth $40,000. 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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