Rosenblatt Securities Raises Netflix (NASDAQ:NFLX) Price Target to $1,514.00

Netflix (NASDAQ:NFLX - Get Free Report) had its price target hoisted by investment analysts at Rosenblatt Securities from $1,494.00 to $1,514.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the Internet television network's stock. Rosenblatt Securities' price objective would suggest a potential upside of 55.60% from the stock's previous close.

NFLX has been the topic of a number of other reports. Wedbush restated an "outperform" rating and issued a $1,150.00 price objective on shares of Netflix in a report on Friday, April 11th. Barclays raised Netflix from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $715.00 to $900.00 in a report on Wednesday, January 22nd. Phillip Securities downgraded Netflix from a "hold" rating to a "moderate sell" rating in a report on Friday, January 24th. Oppenheimer reaffirmed an "outperform" rating on shares of Netflix in a report on Friday. Finally, Loop Capital reissued a "hold" rating on shares of Netflix in a report on Monday, March 24th. Nine research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,039.91.

Netflix Stock Up 1.2 %

Netflix stock opened at $973.03 on Monday. The firm has a market capitalization of $416.22 billion, a P/E ratio of 49.07, a P/E/G ratio of 2.12 and a beta of 1.55. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix has a twelve month low of $542.01 and a twelve month high of $1,064.50. The stock's fifty day simple moving average is $954.87 and its 200-day simple moving average is $894.38.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the prior year, the business earned $8.28 EPS. As a group, equities analysts expect that Netflix will post 24.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Chairman Reed Hastings sold 25,360 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total value of $23,360,364.00. Following the sale, the chairman now owns 394 shares in the company, valued at $362,933.10. This represents a 98.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 274,312 shares of company stock worth $267,919,297. 1.76% of the stock is owned by company insiders.

Institutional Investors Weigh In On Netflix

Several institutional investors and hedge funds have recently made changes to their positions in the business. West Michigan Advisors LLC lifted its holdings in shares of Netflix by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after purchasing an additional 10 shares in the last quarter. Warwick Investment Management Inc. increased its position in 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 buying an additional 10 shares in the last quarter. MRP Capital Investments LLC raised its holdings in shares of Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after acquiring an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC lifted its position in shares of Netflix by 2.2% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after acquiring an additional 10 shares in the last quarter. Finally, Mission Creek Capital Partners Inc. boosted its stake in shares of Netflix by 0.3% during the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after acquiring an additional 10 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

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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