Analysts Set Netflix, Inc. (NASDAQ:NFLX) Price Target at $631.15

Shares of Netflix, Inc. (NASDAQ:NFLX) have earned a consensus recommendation of “Moderate Buy” from the thirty-five analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and twenty-two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $631.15.

A number of brokerages have recently issued reports on NFLX. Jefferies Financial Group increased their price target on shares of Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, March 12th. Wells Fargo & Company increased their target price on Netflix from $650.00 to $726.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Rosenblatt Securities decreased their price target on Netflix from $554.00 to $540.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Barclays upped their price objective on Netflix from $475.00 to $550.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Finally, Guggenheim raised their target price on Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, April 16th.

Insider Buying and Selling

In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the transaction, the chief executive officer now directly owns 1,278 shares in the company, valued at approximately $717,379.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Anne M. Sweeney sold 3,029 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $580.00, for a total transaction of $1,756,820.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 146,432 shares of company stock worth $84,762,938. 1.76% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Authentikos Wealth Advisory LLC purchased a new stake in shares of Netflix during the third quarter valued at approximately $25,000. Spartan Planning & Wealth Management purchased a new stake in Netflix during the 3rd quarter worth $26,000. Valued Wealth Advisors LLC lifted its holdings in Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after buying an additional 20 shares in the last quarter. Carmel Capital Partners LLC boosted its position in Netflix by 290.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after buying an additional 58 shares during the last quarter. Finally, VitalStone Financial LLC grew its stake in shares of Netflix by 933.3% during the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 56 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Up 0.6 %

Netflix stock opened at $609.47 on Friday. The stock has a market capitalization of $262.66 billion, a price-to-earnings ratio of 42.29, a PEG ratio of 1.40 and a beta of 1.23. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. The stock has a 50 day moving average of $602.85 and a two-hundred day moving average of $531.62. Netflix has a twelve month low of $329.51 and a twelve month high of $639.00.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. Netflix’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the firm posted $2.88 EPS. As a group, research analysts expect that Netflix will post 18.3 earnings per share for the current year.

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.