Netflix (NASDAQ:NFLX) Price Target Raised to $825.00

Netflix (NASDAQ:NFLX) had its price target boosted by Guggenheim from $810.00 to $825.00 in a report published on Tuesday, Benzinga reports. They currently have a buy rating on the Internet television network’s stock.

Other equities research analysts have also recently issued research reports about the stock. TD Cowen upped their price objective on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Macquarie reiterated an “outperform” rating and set a $795.00 target price on shares of Netflix in a research note on Friday, October 18th. UBS Group increased their price objective on Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a research report on Friday, October 18th. BMO Capital Markets reissued an “outperform” rating and issued a $825.00 target price (up previously from $770.00) on shares of Netflix in a research report on Friday, October 18th. Finally, Rosenblatt Securities upped their target price on shares of Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $748.15.

Netflix Stock Performance

Shares of NFLX stock opened at $756.03 on Tuesday. The company’s fifty day moving average price is $711.57 and its 200-day moving average price is $662.98. The stock has a market cap of $323.17 billion, a PE ratio of 42.79, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix has a 12 month low of $404.63 and a 12 month high of $773.00.

Insider Transactions at Netflix

In related news, Director Richard N. Barton sold 5,698 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $756.00, for a total value of $4,307,688.00. Following the completion of the sale, the director now directly owns 246 shares of the company’s stock, valued at $185,976. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard N. Barton sold 5,698 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the transaction, the director now directly owns 246 shares in the company, valued at approximately $185,976. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 209,810 shares of company stock valued at $142,049,542. 1.76% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Netflix

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in Netflix by 116,620.0% in the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after acquiring an additional 5,748,200 shares during the period. GQG Partners LLC purchased a new stake in Netflix during the first quarter worth $1,450,476,000. Jennison Associates LLC grew its position in Netflix by 17.0% during the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after buying an additional 929,193 shares during the period. Assenagon Asset Management S.A. increased its holdings in Netflix by 154.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after buying an additional 642,920 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. acquired a new position in shares of Netflix in the first quarter worth about $372,293,000. Hedge funds and other 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.