Netflix (NASDAQ:NFLX) Price Target Raised to $550.00

Netflix (NASDAQ:NFLX) had its price target increased by Deutsche Bank Aktiengesellschaft from $525.00 to $550.00 in a research report report published on Monday, Marketbeat reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the Internet television network’s stock.

A number of other equities analysts also recently issued reports on NFLX. Oppenheimer lifted their price target on Netflix from $615.00 to $725.00 and gave the company an outperform rating in a research note on Monday, March 11th. Bank of America lifted their price target on Netflix from $585.00 to $650.00 and gave the company a buy rating in a research note on Wednesday, January 24th. Seaport Res Ptn cut shares of Netflix from a buy rating to a neutral rating in a research report on Tuesday, January 30th. Loop Capital lifted their target price on shares of Netflix from $585.00 to $700.00 and gave the stock a buy rating in a research report on Monday, March 18th. Finally, The Goldman Sachs Group lifted their target price on shares of Netflix from $500.00 to $565.00 and gave the stock a neutral rating in a research report on Wednesday, January 24th. One analyst has 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. Based on data from MarketBeat.com, Netflix presently has a consensus rating of Moderate Buy and a consensus target price of $614.75.

Netflix Stock Performance

Shares of NFLX opened at $610.56 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a 50-day moving average of $605.77 and a 200-day moving average of $511.86. The company has a market cap of $264.23 billion, a PE ratio of 50.84, a P/E/G ratio of 1.67 and a beta of 1.22. Netflix has a one year low of $315.62 and a one year high of $639.00.

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

Insider Activity

In other news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction 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 transaction, the chairman now directly owns 28 shares in the company, valued at approximately $17,091.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Gregory K. Peters sold 5,352 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $625.00, for a total value of $3,345,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,181,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction dated 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 sale, the chairman now owns 28 shares of the company’s stock, valued at $17,091.76. The disclosure for this sale can be found here. Insiders sold 268,335 shares of company stock worth $151,619,811 in the last three months. Corporate insiders own 2.45% of the company’s stock.

Institutional Trading of Netflix

Several institutional investors have recently added to or reduced their stakes in NFLX. KFA Private Wealth Group LLC raised its stake in shares of Netflix by 1.9% during the fourth quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock valued at $466,000 after acquiring an additional 18 shares during the last quarter. Legacy Capital Group California Inc. raised its stake in shares of Netflix by 0.6% during the fourth quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet television network’s stock valued at $1,379,000 after acquiring an additional 18 shares during the last quarter. Founders Financial Alliance LLC raised its stake in shares of Netflix by 2.4% during the fourth quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock valued at $369,000 after acquiring an additional 18 shares during the last quarter. Capital Advisors Ltd. LLC raised its stake in shares of Netflix by 4.6% during the first quarter. Capital Advisors Ltd. LLC now owns 411 shares of the Internet television network’s stock valued at $250,000 after acquiring an additional 18 shares during the last quarter. Finally, Addison Advisors LLC raised its stake in shares of Netflix by 7.8% during the fourth quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock valued at $134,000 after acquiring an additional 20 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

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.