Netflix (NASDAQ:NFLX) Trading Up 0.4% After Analyst Upgrade

Shares of Netflix, Inc. (NASDAQ:NFLX) were up 0.4% on Monday after Oppenheimer raised their price target on the stock from $825.00 to $1,065.00. Oppenheimer currently has an outperform rating on the stock. Netflix traded as high as $928.94 and last traded at $922.29. Approximately 563,104 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 3,610,821 shares. The stock had previously closed at $918.87.

Several other research firms also recently weighed in on NFLX. Bank of America lifted their price objective on Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Jefferies Financial Group boosted their target price on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. StockNews.com downgraded shares of Netflix from a “buy” rating to a “hold” rating in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, China Renaissance assumed coverage on shares of Netflix in a report on Thursday, September 5th. They issued a “hold” rating and a $680.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $801.18.

Insiders Place Their Bets

In other Netflix news, Director Leslie J. Kilgore sold 428 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $715.00, for a total value of $306,020.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the sale, the chairman now owns 114 shares in the company, valued at approximately $102,212.40. This represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 165,405 shares of company stock worth $129,623,487. Corporate insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

Several hedge funds have recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix during the 3rd quarter worth approximately $25,000. Denver PWM LLC acquired a new position in shares of Netflix during the 2nd quarter worth approximately $25,000. Proffitt & Goodson Inc. raised its stake in shares of Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after buying an additional 38 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares during the period. Finally, MidAtlantic Capital Management Inc. acquired a new position in shares of Netflix during the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 0.2 %

The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $393.72 billion, a price-to-earnings ratio of 52.13, a P/E/G ratio of 1.80 and a beta of 1.27. The company has a 50 day moving average price of $818.41 and a two-hundred day moving average price of $722.22.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping the consensus estimate of $5.09 by $0.31. The business 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%. On average, research analysts forecast that Netflix, Inc. will post 19.78 EPS for the current year.

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.