Netflix (NASDAQ:NFLX) Price Target Raised to $1,100.00 at Pivotal Research

Netflix (NASDAQ:NFLX - Free Report) had its price target lifted by Pivotal Research from $925.00 to $1,100.00 in a research note released on Wednesday, Marketbeat Ratings reports. They currently have a buy rating on the Internet television network's stock.

Several other research firms have also weighed in on NFLX. Rosenblatt Securities lifted their price target on shares of Netflix from $635.00 to $680.00 and gave the stock a "neutral" rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on Netflix from $590.00 to $650.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Wedbush reissued an "outperform" rating and set a $950.00 price objective (up previously from $800.00) on shares of Netflix in a research report on Monday. BMO Capital Markets reaffirmed an "outperform" rating and set a $825.00 price target (up previously from $770.00) on shares of Netflix in a research report on Friday, October 18th. Finally, Evercore ISI increased their price target on Netflix from $750.00 to $775.00 and gave the company an "outperform" rating in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and an average target price of $758.76.

Netflix Trading Up 1.4 %

NFLX traded up $12.53 during trading on Wednesday, reaching $883.85. 4,088,428 shares of the company's stock were exchanged, compared to its average volume of 3,663,830. The company's fifty day moving average price is $743.15 and its 200-day moving average price is $685.41. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $377.81 billion, a PE ratio of 49.36, a P/E/G ratio of 1.59 and a beta of 1.25. Netflix has a fifty-two week low of $445.73 and a fifty-two week high of $890.60.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS 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. As a group, equities analysts forecast that Netflix will post 19.78 EPS for the current year.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 4,392 shares of Netflix stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company's stock, valued at $9,490,250. The trade was a 25.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Insiders have sold 185,277 shares of company stock valued at $132,875,601 in the last ninety days. 1.76% of the stock is owned by company insiders.

Institutional Investors Weigh In On Netflix

A number of institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC boosted its stake in Netflix by 116,620.0% in the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network's stock worth $4,080,522,000 after buying an additional 5,748,200 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Netflix by 154.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network's stock valued at $750,713,000 after purchasing an additional 642,920 shares during the last quarter. Jericho Capital Asset Management L.P. purchased a new position in Netflix in the 1st quarter worth $372,293,000. State Street Corp lifted its stake in Netflix by 2.6% in the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock worth $12,023,082,000 after purchasing an additional 426,740 shares during the last quarter. Finally, Swedbank AB purchased a new stake in Netflix during the first quarter valued at about $216,538,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

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.