Netflix (NASDAQ:NFLX) Given Outperform Rating at BMO Capital Markets

BMO Capital Markets reiterated their outperform rating on shares of Netflix (NASDAQ:NFLX) in a report published on Wednesday, Benzinga reports. BMO Capital Markets currently has a $713.00 price target on the Internet television network’s stock, up from their previous price target of $638.00.

Several other equities research analysts have also commented on the stock. Evercore ISI raised their price target on shares of Netflix from $600.00 to $640.00 and gave the company an outperform rating in a research note on Thursday, March 14th. DZ Bank upgraded shares of Netflix from a hold rating to a buy rating and set a $600.00 price objective for the company in a report on Thursday, January 25th. The Goldman Sachs Group increased their price objective on shares of Netflix from $500.00 to $565.00 and gave the company a neutral rating in a report on Wednesday, January 24th. Oppenheimer increased their price objective on shares of Netflix from $615.00 to $725.00 and gave the company an outperform rating in a report on Monday, March 11th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Netflix from $610.00 to $650.00 and gave the company an overweight rating in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, Netflix currently has an average rating of Moderate Buy and an average price target of $614.28.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $613.69 on Wednesday. The firm’s 50 day moving average is $604.73 and its two-hundred day moving average is $511.17. Netflix has a 52 week low of $315.62 and a 52 week high of $639.00. The firm has a market capitalization of $265.58 billion, a P/E ratio of 51.10, a PEG ratio of 1.67 and a beta of 1.22. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). Netflix had a net margin of 16.04% and a return on equity of 24.76%. The firm had revenue of $8.83 billion during the quarter, compared to analyst estimates of $8.72 billion. During the same quarter in the previous year, the business posted $0.12 EPS. Netflix’s revenue for the quarter was up 12.5% compared to the same quarter last year. Analysts anticipate that Netflix will post 17.05 earnings per share for the current year.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 47,574 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total value of $25,591,006.08. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $17,003,651.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Netflix news, CEO Gregory K. Peters sold 5,352 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $625.00, for a total value of $3,345,000.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,181,250. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David A. Hyman sold 47,574 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $17,003,651.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 268,335 shares of company stock valued at $151,619,811. Company insiders own 2.45% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NFLX. Authentikos Wealth Advisory LLC bought a new position in shares of Netflix during the 3rd quarter valued at $25,000. Spartan Planning & Wealth Management bought a new position in shares of Netflix during the 3rd quarter valued at $26,000. Carmel Capital Partners LLC raised its holdings in shares of Netflix by 290.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 58 shares in the last quarter. VitalStone Financial LLC raised its holdings in shares of Netflix by 933.3% during the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 56 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC raised its holdings in shares of Netflix by 1,550.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 62 shares in the last quarter. 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.