Netflix (NASDAQ:NFLX) Given New $1,000.00 Price Target at BMO Capital Markets

Netflix (NASDAQ:NFLX) had its price target hoisted by investment analysts at BMO Capital Markets from $825.00 to $1,000.00 in a report released on Wednesday, MarketBeat Ratings reports. The brokerage currently has an “outperform” rating on the Internet television network’s stock. BMO Capital Markets’ price target would indicate a potential upside of 18.71% from the company’s current price.

Several other brokerages have also commented on NFLX. The Goldman Sachs Group raised their price target on Netflix from $750.00 to $850.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Macquarie raised their target price on shares of Netflix from $795.00 to $965.00 and gave the company an “outperform” rating in a research report on Monday. Loop Capital lowered shares of Netflix from a “buy” rating to a “hold” rating and boosted their price target for the company from $800.00 to $950.00 in a report on Monday, December 16th. KeyCorp increased their price objective on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Guggenheim boosted their price objective on shares of Netflix from $825.00 to $950.00 and gave the stock a “buy” rating in a research note on Monday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $845.06.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $842.37 on Wednesday. The firm’s 50 day simple moving average is $882.41 and its 200-day simple moving average is $756.61. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix has a one year low of $475.26 and a one year high of $941.75. The firm has a market cap of $360.08 billion, a PE ratio of 47.67, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, equities analysts predict that Netflix will post 19.78 EPS for the current year.

Insider Activity at Netflix

In related news, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the transaction, the director now directly owns 246 shares of the company’s stock, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 152,198 shares of company stock valued at $127,616,898. 1.76% of the stock is owned by company insiders.

Institutional Trading of Netflix

Several large investors have recently made changes to their positions in the company. Aspiriant LLC lifted its holdings in Netflix by 12.4% in the 4th quarter. Aspiriant LLC now owns 1,573 shares of the Internet television network’s stock valued at $1,402,000 after purchasing an additional 174 shares in the last quarter. Reliant Investment Management LLC purchased a new stake in shares of Netflix during the fourth quarter worth $5,627,000. Ballentine Partners LLC raised its position in shares of Netflix by 4.5% in the fourth quarter. Ballentine Partners LLC now owns 6,633 shares of the Internet television network’s stock valued at $5,912,000 after buying an additional 287 shares during the last quarter. Pure Financial Advisors LLC boosted its position in Netflix by 39.4% during the fourth quarter. Pure Financial Advisors LLC now owns 1,919 shares of the Internet television network’s stock worth $1,710,000 after acquiring an additional 542 shares during the last quarter. Finally, Tudor Financial Inc. acquired a new position in Netflix during the fourth quarter worth about $245,000. 80.93% of the stock is currently owned by hedge funds and other 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.