Netflix (NASDAQ:NFLX) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Netflix (NASDAQ:NFLX) had its price target upped by equities researchers at Robert W. Baird from $875.00 to $1,200.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the Internet television network’s stock. Robert W. Baird’s price objective would indicate a potential upside of 21.84% from the stock’s current price.

Several other analysts have also recently issued reports on the stock. Pivotal Research increased their price target on shares of Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Needham & Company LLC increased their target price on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Wells Fargo & Company boosted their price target on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Barclays increased their price objective on Netflix from $550.00 to $715.00 and gave the company an “underweight” rating in a research note on Tuesday, January 14th. Finally, Guggenheim boosted their target price on Netflix from $825.00 to $950.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $996.94.

Netflix Stock Performance

NASDAQ:NFLX opened at $984.86 on Wednesday. Netflix has a fifty-two week low of $537.07 and a fifty-two week high of $999.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The company has a 50 day moving average price of $889.11 and a 200 day moving average price of $763.41. The stock has a market capitalization of $420.99 billion, a P/E ratio of 49.67, a PEG ratio of 1.41 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10,141,900 billion. Netflix had a return on equity of 39.48% and a net margin of 22.34%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the business posted $2.11 earnings per share. Equities research analysts forecast that Netflix will post 23.43 EPS for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the sale, the chairman now directly owns 114 shares in the company, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,500 shares of company stock valued at $123,309,210 in the last ninety days. Insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

A number of hedge funds have recently added to or reduced their stakes in the company. Enzi Wealth raised its stake in shares of Netflix by 3.4% during the 4th quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock worth $316,000 after buying an additional 11 shares in the last quarter. TCI Wealth Advisors Inc. grew its holdings in Netflix by 1.6% during the fourth quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock worth $624,000 after acquiring an additional 11 shares during the period. Advisory Resource Group raised its position in Netflix by 0.7% in the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock worth $1,238,000 after acquiring an additional 12 shares in the last quarter. Insight Wealth Strategies LLC lifted its holdings in Netflix by 1.9% in the fourth quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock valued at $585,000 after acquiring an additional 12 shares during the period. Finally, Sunflower Bank N.A. boosted its position in shares of Netflix by 2.1% during the 4th quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock worth $513,000 after purchasing an additional 12 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

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.