Sanford C. Bernstein Increases Netflix (NASDAQ:NFLX) Price Target to $780.00

Netflix (NASDAQ:NFLX) had its price target raised by Sanford C. Bernstein from $625.00 to $780.00 in a research report report published on Friday, Benzinga reports. The firm currently has a market perform rating on the Internet television network’s stock.

Other analysts have also issued reports about the company. Argus lifted their price target on Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft raised their target price on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Citigroup increased their price target on shares of Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. UBS Group raised their price objective on shares of Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a report on Friday. Finally, Wedbush boosted their target price on shares of Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $747.70.

Netflix Trading Up 1.1 %

Shares of NFLX stock opened at $772.07 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $332.76 billion, a price-to-earnings ratio of 53.58, a PEG ratio of 1.49 and a beta of 1.26. Netflix has a 52-week low of $395.62 and a 52-week high of $773.00. The company has a 50-day simple moving average of $699.16 and a two-hundred day simple moving average of $656.21.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $626.19, for a total transaction of $271,140.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leslie J. Kilgore sold 358 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of the transaction, the director now directly owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 229,711 shares of company stock valued at $153,905,830 in the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

Several hedge funds have recently added to or reduced their stakes in the company. Heartland Bank & Trust Co raised its holdings in shares of Netflix by 0.9% during the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after buying an additional 15 shares in the last quarter. Cedrus LLC raised its stake in shares of Netflix by 0.8% during the third quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock worth $1,263,000 after acquiring an additional 15 shares in the last quarter. Meritas Wealth Management LLC raised its stake in shares of Netflix by 2.9% during the third quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock worth $406,000 after acquiring an additional 16 shares in the last quarter. Stage Harbor Financial LLC lifted its holdings in shares of Netflix by 4.8% in the 3rd quarter. Stage Harbor Financial LLC now owns 346 shares of the Internet television network’s stock worth $250,000 after acquiring an additional 16 shares during the last quarter. Finally, Compass Ion Advisors LLC boosted its stake in shares of Netflix by 4.5% in the 3rd quarter. Compass Ion Advisors LLC now owns 369 shares of the Internet television network’s stock valued at $262,000 after purchasing an additional 16 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.