Netflix (NASDAQ:NFLX) Stock Rating Reaffirmed by Oppenheimer

Oppenheimer reaffirmed their outperform rating on shares of Netflix (NASDAQ:NFLX) in a report published on Friday morning, Benzinga reports. Oppenheimer currently has a $725.00 price target on the Internet television network’s stock.

NFLX has been the topic of a number of other reports. Benchmark restated a sell rating and issued a $440.00 price target on shares of Netflix in a report on Thursday, April 18th. Piper Sandler upped their price target on Netflix from $550.00 to $600.00 and gave the stock a neutral rating in a research report on Friday, April 12th. Sanford C. Bernstein raised their price target on shares of Netflix from $490.00 to $600.00 and gave the stock a market perform rating in a research note on Friday. DZ Bank raised shares of Netflix from a hold rating to a buy rating and set a $600.00 price objective on the stock in a research report on Thursday, January 25th. Finally, Evercore ISI raised their target price on shares of Netflix from $600.00 to $640.00 and gave the company an outperform rating in a research report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, Netflix has an average rating of Moderate Buy and a consensus target price of $630.58.

Netflix Stock Performance

NFLX stock opened at $554.60 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. The business’s 50-day moving average price is $605.58 and its two-hundred day moving average price is $516.27. Netflix has a 1-year low of $315.62 and a 1-year high of $639.00. The firm has a market cap of $238.98 billion, a PE ratio of 38.49, a P/E/G ratio of 1.49 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same quarter in the prior year, the company earned $2.88 earnings per share. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. As a group, research analysts forecast that Netflix will post 17.13 earnings per share for the current year.

Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 20,566 shares of Netflix stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the sale, the chairman now owns 28 shares in the company, valued at approximately $17,091.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Netflix news, Chairman Reed Hastings sold 20,566 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the transaction, the chairman now owns 28 shares in the company, valued at approximately $17,091.76. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jay C. Hoag sold 47,000 shares of Netflix stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $550.50, for a total value of $25,873,500.00. Following the completion of the transaction, the director now directly owns 431,034 shares of the company’s stock, valued at $237,284,217. The disclosure for this sale can be found here. Over the last three months, insiders have sold 268,335 shares of company stock worth $151,619,811. Corporate insiders own 2.45% of the company’s stock.

Institutional Trading of Netflix

A number of institutional investors and hedge funds have recently made changes to their positions in NFLX. KFA Private Wealth Group LLC lifted its stake in Netflix by 1.9% during the fourth quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock worth $466,000 after purchasing an additional 18 shares during the last quarter. Legacy Capital Group California Inc. raised its holdings in shares of Netflix by 0.6% during the 4th quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet television network’s stock worth $1,379,000 after buying an additional 18 shares in the last quarter. Founders Financial Alliance LLC lifted its position in shares of Netflix by 2.4% during the 4th quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock worth $369,000 after buying an additional 18 shares during the last quarter. Capital Advisors Ltd. LLC boosted its stake in Netflix by 4.6% in the first quarter. Capital Advisors Ltd. LLC now owns 411 shares of the Internet television network’s stock valued at $250,000 after buying an additional 18 shares in the last quarter. Finally, Addison Advisors LLC grew its position in Netflix by 7.8% in the fourth quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock valued at $134,000 after acquiring an additional 20 shares during 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.