Deutsche Bank Aktiengesellschaft Raises Netflix (NASDAQ:NFLX) Price Target to $550.00

Netflix (NASDAQ:NFLX) had its target price lifted by Deutsche Bank Aktiengesellschaft from $525.00 to $550.00 in a report released on Monday morning, Marketbeat.com reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the Internet television network’s stock.

Several other research firms have also weighed in on NFLX. Seaport Res Ptn lowered Netflix from a buy rating to a neutral rating in a research report on Tuesday, January 30th. Sanford C. Bernstein lifted their price target on Netflix from $390.00 to $490.00 and gave the company a market perform rating in a research report on Wednesday, January 24th. KeyCorp lifted their price target on Netflix from $580.00 to $705.00 and gave the company an overweight rating in a research report on Wednesday, March 20th. TD Cowen lifted their price target on Netflix from $600.00 to $725.00 and gave the company a buy rating in a research report on Monday, April 8th. Finally, Pivotal Research lifted their price objective on Netflix from $700.00 to $765.00 and gave the company a buy rating in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $614.28.

Netflix Price Performance

Shares of NFLX stock opened at $613.69 on Monday. The firm has a market cap of $265.58 billion, a P/E ratio of 51.10, a P/E/G ratio of 1.64 and a beta of 1.22. Netflix has a fifty-two week low of $315.62 and a fifty-two week high of $639.00. The business’s 50 day moving average price is $604.73 and its 200-day moving average price is $511.17. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The business had revenue of $8.83 billion during the quarter, compared to the consensus estimate of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. Netflix’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.12 earnings per share. On average, equities research analysts anticipate that Netflix will post 17.03 earnings per share for the current year.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Netflix news, Director Jay C. Hoag sold 47,000 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $550.50, for a total transaction of $25,873,500.00. Following the completion of the sale, the director now owns 431,034 shares of the company’s stock, valued at $237,284,217. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The disclosure for this sale can be found here. Insiders sold 268,335 shares of company stock valued at $151,619,811 over the last 90 days. Company insiders own 2.45% of the company’s stock.

Hedge Funds Weigh In On Netflix

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Netflix by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 36,438,570 shares of the Internet television network’s stock worth $17,741,211,000 after acquiring an additional 178,286 shares during the period. State Street Corp boosted its stake in shares of Netflix by 0.4% in the first quarter. State Street Corp now owns 16,195,490 shares of the Internet television network’s stock worth $5,595,196,000 after acquiring an additional 62,507 shares during the period. Capital World Investors boosted its stake in shares of Netflix by 0.7% in the fourth quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock worth $5,718,265,000 after acquiring an additional 78,320 shares during the period. Morgan Stanley boosted its stake in shares of Netflix by 11.1% in the fourth quarter. Morgan Stanley now owns 6,463,661 shares of the Internet television network’s stock worth $1,906,005,000 after acquiring an additional 644,162 shares during the period. Finally, Jennison Associates LLC boosted its stake in shares of Netflix by 40.6% in the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after acquiring an additional 1,573,978 shares during the period. 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.