Netflix (NASDAQ:NFLX) Stock Price Expected to Rise, Barclays Analyst Says

Netflix (NASDAQ:NFLX) had its target price lifted by Barclays from $550.00 to $715.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the Internet television network’s stock. Barclays‘s price objective would suggest a potential downside of 15.71% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. KeyCorp boosted their price objective on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Loop Capital lowered shares of Netflix from a “buy” rating to a “hold” rating and boosted their target price for the company from $800.00 to $950.00 in a research note on Monday, December 16th. Rosenblatt Securities increased their price target on Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Benchmark lifted their price objective on Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a report on Friday, January 3rd. Finally, Pivotal Research increased their target price on Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $845.82.

Netflix Stock Up 2.4 %

Netflix stock opened at $848.26 on Tuesday. Netflix has a 12 month low of $475.26 and a 12 month high of $941.75. The stock has a fifty day simple moving average of $881.04 and a two-hundred day simple moving average of $755.96. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market cap of $362.60 billion, a price-to-earnings ratio of 48.01, a PEG ratio of 1.77 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping the consensus estimate of $5.09 by $0.31. The company 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%. Equities analysts predict that Netflix will post 19.78 EPS for the current fiscal year.

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 4,186 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $9,817,500. This represents a 24.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction on 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 transaction, the chairman now directly owns 114 shares of the company’s stock, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 156,742 shares of company stock valued at $131,030,268. Corporate insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

A number of hedge funds have recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix in the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. grew its position in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in Netflix during the fourth quarter worth approximately $43,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Netflix in the 3rd quarter valued at approximately $37,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Netflix in the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors 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.