Netflix (NASDAQ:NFLX) Given a $585.00 Price Target at Jefferies Financial Group

Netflix (NASDAQ:NFLX) has been assigned a $585.00 price target by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Thursday, AnalystRatings.net reports. The brokerage currently has a “buy” rating on the Internet television network’s stock. Jefferies Financial Group’s target price points to a potential upside of 18.24% from the stock’s current price.

A number of other equities analysts have also recently weighed in on NFLX. Bank of America restated a “buy” rating and set a $625.00 price objective on shares of Netflix in a research report on Monday, July 13th. Societe Generale restated a “sell” rating and set a $270.00 price objective on shares of Netflix in a research report on Tuesday, July 21st. Credit Suisse Group reiterated a “hold” rating and issued a $525.00 target price on shares of Netflix in a research report on Monday, October 5th. Loop Capital increased their target price on shares of Netflix from $500.00 to $600.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, Piper Sandler increased their target price on shares of Netflix from $500.00 to $534.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-seven have issued a buy rating to the company’s stock. Netflix presently has a consensus rating of “Buy” and an average price target of $521.65.

NASDAQ:NFLX opened at $494.75 on Thursday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.12 and a current ratio of 1.12. The company has a fifty day moving average of $508.05 and a two-hundred day moving average of $466.97. The stock has a market capitalization of $231.72 billion, a PE ratio of 88.60, a P/E/G ratio of 2.82 and a beta of 0.95. Netflix has a fifty-two week low of $265.80 and a fifty-two week high of $575.37.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, October 20th. The Internet television network reported $1.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.13 by ($0.39). The company had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.38 billion. Netflix had a return on equity of 33.32% and a net margin of 11.85%. The business’s revenue was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.47 earnings per share. Research analysts forecast that Netflix will post 6.28 earnings per share for the current year.

In other news, CEO Theodore A. Sarandos sold 10,000 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $475.00, for a total transaction of $4,750,000.00. Following the sale, the chief executive officer now owns 9,709 shares of the company’s stock, valued at $4,611,775. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Theodore A. Sarandos sold 20,000 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $480.70, for a total transaction of $9,614,000.00. Following the sale, the chief executive officer now directly owns 7,112 shares in the company, valued at approximately $3,418,738.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 155,305 shares of company stock valued at $76,108,030. 3.40% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. JJJ Advisors Inc. lifted its position in shares of Netflix by 168.4% during the third quarter. JJJ Advisors Inc. now owns 51 shares of the Internet television network’s stock worth $26,000 after purchasing an additional 32 shares in the last quarter. Engrave Wealth Partners LLC raised its holdings in Netflix by 65.0% in the second quarter. Engrave Wealth Partners LLC now owns 66 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 26 shares in the last quarter. Motco raised its holdings in Netflix by 57.1% in the second quarter. Motco now owns 66 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 24 shares in the last quarter. Newfound Research LLC acquired a new stake in Netflix in the third quarter valued at approximately $31,000. Finally, Kistler Tiffany Companies LLC raised its holdings in Netflix by 688.9% in the second quarter. Kistler Tiffany Companies LLC now owns 71 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 62 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors and hedge funds.

Netflix Company Profile

Netflix, Inc provides subscription streaming entertainment service. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

Recommended Story: What are municipal bonds?

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.