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

Netflix (NASDAQ:NFLX) had its price target lifted by analysts at Benchmark from $555.00 to $720.00 in a research report issued on Friday, Marketbeat Ratings reports. The brokerage currently has a “sell” rating on the Internet television network’s stock. Benchmark’s price objective suggests a potential downside of 18.28% from the company’s current price.

NFLX has been the topic of several other research reports. Guggenheim lifted their price objective on Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. BMO Capital Markets reissued an “outperform” rating and set a $825.00 price objective (up from $770.00) on shares of Netflix in a report on Friday, October 18th. Evercore ISI boosted their target price on Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Bank of America increased their price objective on Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average price target of $813.00.

Netflix Trading Down 0.6 %

Shares of Netflix stock opened at $881.05 on Friday. Netflix has a 1 year low of $466.53 and a 1 year high of $941.75. The company’s fifty day simple moving average is $866.57 and its 200-day simple moving average is $746.14. The company has a market cap of $376.61 billion, a price-to-earnings ratio of 49.86, a PEG ratio of 1.77 and a beta of 1.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. As a group, sell-side analysts expect that Netflix will post 19.78 EPS for the current year.

Insider Buying and Selling at Netflix

In related news, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Insiders have sold 150,761 shares of company stock valued at $125,713,484 in the last 90 days. 1.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NFLX. Denver PWM LLC bought a new position in shares of Netflix in the 2nd quarter valued at about $25,000. RPg Family Wealth Advisory LLC bought a new position in Netflix in the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. grew its stake 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 valued at $34,000 after purchasing an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Netflix during the 3rd quarter worth approximately $37,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Netflix during the 3rd quarter worth approximately $38,000. 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.