Netflix (NASDAQ:NFLX) Price Target Raised to $1,065.00 at Oppenheimer

Netflix (NASDAQ:NFLX) had its target price lifted by analysts at Oppenheimer from $825.00 to $1,065.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the Internet television network’s stock. Oppenheimer’s price objective indicates a potential upside of 15.90% from the company’s current price.

NFLX has been the topic of several other reports. StockNews.com downgraded shares of Netflix from a “buy” rating to a “hold” rating in a report on Friday. Evercore ISI upped their price objective on Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. The Goldman Sachs Group set a $750.00 target price on Netflix in a research report on Friday, October 18th. Citigroup upped their price target on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Finally, Loop Capital lowered shares of Netflix from a “buy” rating to a “hold” rating and lifted their price objective for the company from $800.00 to $950.00 in a report on Monday. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $801.18.

Netflix Trading Down 0.7 %

NASDAQ:NFLX opened at $918.87 on Monday. The business has a fifty day moving average price of $814.02 and a 200-day moving average price of $720.29. The firm has a market capitalization of $392.78 billion, a price-to-earnings ratio of 52.00, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix has a one year low of $461.86 and a one year high of $941.75.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping the consensus estimate of $5.09 by $0.31. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. Sell-side analysts forecast that Netflix will post 19.78 EPS for the current year.

Insider Activity

In other Netflix news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Insiders sold a total of 165,405 shares of company stock valued at $129,623,487 in the last 90 days. Company insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

Institutional investors and hedge funds have recently bought and sold shares of the business. SMART Wealth LLC acquired a new stake in Netflix during the 3rd quarter worth approximately $414,000. Lord Abbett & CO. LLC boosted its holdings in Netflix by 20.0% in the third quarter. Lord Abbett & CO. LLC now owns 291,259 shares of the Internet television network’s stock valued at $206,581,000 after purchasing an additional 48,538 shares during the period. DGS Capital Management LLC grew its stake in Netflix by 5.2% during the 3rd quarter. DGS Capital Management LLC now owns 1,931 shares of the Internet television network’s stock worth $1,370,000 after purchasing an additional 95 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in Netflix during the 3rd quarter worth $21,594,000. Finally, American Trust purchased a new stake in Netflix during the 3rd quarter worth about $323,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

About Netflix

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.