Netflix (NASDAQ:NFLX) Given New $685.00 Price Target at Macquarie

Netflix (NASDAQ:NFLX) had its target price increased by Macquarie from $595.00 to $685.00 in a report published on Tuesday morning, Benzinga reports. They currently have an outperform rating on the Internet television network’s stock.

NFLX has been the topic of several other reports. Oppenheimer boosted their price objective on shares of Netflix from $615.00 to $725.00 and gave the stock an outperform rating in a research note on Monday, March 11th. Bank of America boosted their price objective on shares of Netflix from $585.00 to $650.00 and gave the stock a buy rating in a research note on Wednesday, January 24th. Benchmark boosted their price objective on shares of Netflix from $350.00 to $425.00 and gave the stock a sell rating in a research note on Friday, January 19th. Robert W. Baird boosted their price objective on shares of Netflix from $500.00 to $600.00 and gave the stock an outperform rating in a research note on Wednesday, January 24th. Finally, Morgan Stanley boosted their price objective on shares of Netflix from $600.00 to $700.00 and gave the stock an overweight rating in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $614.75.

Netflix Stock Down 0.5 %

Shares of NFLX stock opened at $610.56 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. Netflix has a 1 year low of $315.62 and a 1 year high of $639.00. The firm’s fifty day moving average price is $605.77 and its two-hundred day moving average price is $511.86. The firm has a market capitalization of $264.23 billion, a P/E ratio of 50.84, a PEG ratio of 1.65 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 16.04% and a return on equity of 24.76%. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. During the same period in the previous year, the business earned $2.88 EPS. The company’s revenue was up 14.8% compared to the same quarter last year. On average, equities analysts predict that Netflix will post 17.05 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the sale, the chief executive officer now owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the sale, the chairman now owns 28 shares of the company’s stock, valued at approximately $17,091.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The disclosure for this sale can be found here. Insiders sold 268,335 shares of company stock valued at $151,619,811 in the last quarter. Company insiders own 2.45% of the company’s stock.

Institutional Trading of Netflix

A number of institutional investors and hedge funds have recently made changes to their positions in NFLX. Indiana Trust & Investment Management CO lifted its stake in Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 28 shares during the last quarter. VitalStone Financial LLC lifted its stake in Netflix by 933.3% in the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 56 shares during the last quarter. Scarborough Advisors LLC bought a new position in Netflix in the 4th quarter valued at approximately $32,000. Aspect Partners LLC bought a new position in Netflix in the 4th quarter valued at approximately $32,000. Finally, Authentikos Wealth Advisory LLC bought a new position in Netflix in the 3rd quarter valued at approximately $25,000. 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.