Brokerages Set Netflix, Inc. (NASDAQ:NFLX) Target Price at $633.53

Shares of Netflix, Inc. (NASDAQ:NFLX) have received an average recommendation of “Moderate Buy” from the thirty-five analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $633.53.

NFLX has been the topic of several research reports. Benchmark raised their target price on Netflix from $440.00 to $450.00 and gave the stock a “sell” rating in a research report on Friday, May 17th. Loop Capital raised their price objective on shares of Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a report on Monday, April 15th. Jefferies Financial Group reiterated a “buy” rating and issued a $655.00 price target on shares of Netflix in a research report on Wednesday, May 15th. Finally, Oppenheimer reissued an “outperform” rating and set a $725.00 price objective on shares of Netflix in a research report on Friday, April 19th.

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.81, for a total value of $758,889.18. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $7,772,972.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Gregory K. Peters sold 4,783 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,835,750. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 1,278 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $593.81, for a total value of $758,889.18. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $7,772,972.90. The disclosure for this sale can be found here. Insiders sold 69,425 shares of company stock valued at $41,919,791 in the last three months. Corporate insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Chelsea Counsel Co. purchased a new position in shares of Netflix during the 1st quarter worth about $61,000. American Trust bought a new position in shares of Netflix during the first quarter valued at approximately $288,000. OMC Financial Services LTD bought a new position in shares of Netflix during the first quarter valued at approximately $1,065,000. EverSource Wealth Advisors LLC lifted its stake in shares of Netflix by 8.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,277 shares of the Internet television network’s stock worth $2,598,000 after acquiring an additional 345 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its holdings in Netflix by 24.8% during the 1st quarter. Westwood Holdings Group Inc. now owns 3,570 shares of the Internet television network’s stock valued at $2,168,000 after acquiring an additional 710 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $674.88 on Friday. The firm has a market capitalization of $290.87 billion, a PE ratio of 46.83, a P/E/G ratio of 1.46 and a beta of 1.26. The company has a 50 day moving average price of $628.93 and a 200-day moving average price of $584.34. Netflix has a 52 week low of $344.73 and a 52 week high of $689.88. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its earnings results 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 business had revenue of $9.37 billion during 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%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.88 EPS. As a group, equities research analysts expect that Netflix will post 18.31 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.