Netflix (NASDAQ:NFLX) Given New $680.00 Price Target at Rosenblatt Securities

Netflix (NASDAQ:NFLX) had its target price boosted by Rosenblatt Securities from $635.00 to $680.00 in a report released on Friday morning, Marketbeat.com reports. Rosenblatt Securities currently has a neutral rating on the Internet television network’s stock.

Other equities research analysts have also issued research reports about the company. Macquarie reiterated an “outperform” rating and issued a $795.00 price target on shares of Netflix in a research report on Friday. Barclays reissued an “underweight” rating and set a $550.00 price objective on shares of Netflix in a research report on Monday, October 7th. Jefferies Financial Group raised their price target on shares of Netflix from $655.00 to $780.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Evercore ISI lifted their price objective on shares of Netflix from $710.00 to $750.00 and gave the stock an “outperform” rating in a report on Tuesday, August 27th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $739.38.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $763.89 on Friday. The stock has a market capitalization of $329.24 billion, a PE ratio of 53.01, a P/E/G ratio of 1.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. Netflix has a fifty-two week low of $392.26 and a fifty-two week high of $766.28. The business has a fifty day moving average price of $696.38 and a two-hundred day moving average price of $654.66.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. During the same period in the previous year, the firm posted $3.29 EPS. The firm’s revenue was up 16.8% on a year-over-year basis. As a group, equities analysts predict that Netflix will post 19.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Leslie J. Kilgore sold 383 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $730.00, for a total value of $279,590.00. Following the transaction, the director now owns 35,262 shares of the company’s stock, valued at $25,741,260. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $19,128,159.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Leslie J. Kilgore sold 383 shares of the stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $730.00, for a total transaction of $279,590.00. Following the transaction, the director now owns 35,262 shares in the company, valued at approximately $25,741,260. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 225,167 shares of company stock valued at $150,492,460 in the last 90 days. Company insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. GQG Partners LLC purchased a new position in shares of Netflix in the 1st quarter worth approximately $1,450,476,000. Jennison Associates LLC raised its stake in Netflix by 17.0% in 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 last quarter. Global Assets Advisory LLC acquired a new stake in Netflix in the first quarter worth about $436,514,000. Jericho Capital Asset Management L.P. purchased a new stake in shares of Netflix during the first quarter valued at $372,293,000. Finally, Swedbank AB purchased a new stake in shares of Netflix during the first quarter valued at $216,538,000. 80.93% of the stock is currently owned by 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.