Netflix (NASDAQ:NFLX) Price Target Increased to $750.00 by Analysts at Loop Capital

Netflix (NASDAQ:NFLX) had its price objective upped by Loop Capital from $700.00 to $750.00 in a research report sent to investors on Tuesday morning, Benzinga reports. Loop Capital currently has a buy rating on the Internet television network’s stock.

Several other brokerages also recently weighed in on NFLX. JPMorgan Chase & Co. raised their price target on Netflix from $610.00 to $650.00 and gave the stock an overweight rating in a report on Monday, April 8th. BMO Capital Markets reiterated an outperform rating and set a $713.00 price target (up from $638.00) on shares of Netflix in a research report on Wednesday, April 17th. Deutsche Bank Aktiengesellschaft lifted their price target on Netflix from $525.00 to $550.00 and gave the company a hold rating in a research report on Monday, April 15th. Sanford C. Bernstein boosted their price objective on Netflix from $490.00 to $600.00 and gave the company a market perform rating in a research report on Friday, April 19th. Finally, Guggenheim boosted their price target on Netflix from $600.00 to $700.00 and gave the stock a buy rating in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $633.53.

Netflix Stock Performance

NFLX stock opened at $685.67 on Tuesday. The firm has a market cap of $295.52 billion, a price-to-earnings ratio of 47.58, a PEG ratio of 1.45 and a beta of 1.26. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix has a twelve month low of $344.73 and a twelve month high of $687.06. The business’s fifty day simple moving average is $617.83 and its two-hundred day simple moving average is $572.64.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. During the same quarter last year, the firm posted $2.88 earnings per share. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. Analysts predict that Netflix will post 18.31 earnings per share for the current year.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 4,783 shares of Netflix stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $675.00, for a total value of $3,228,525.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,835,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Netflix news, Chairman Reed Hastings sold 19,943 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $633.58, for a total transaction of $12,635,485.94. Following the completion of the transaction, the chairman now owns 57 shares of the company’s stock, valued at $36,114.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory K. Peters sold 4,783 shares of Netflix stock in a transaction on Friday, June 14th. The shares were sold at an average price of $675.00, for a total value of $3,228,525.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,835,750. The disclosure for this sale can be found here. Insiders have sold 69,425 shares of company stock worth $41,919,791 in the last quarter. 1.76% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Rathbones Group PLC raised its stake in Netflix by 25.3% during the third quarter. Rathbones Group PLC now owns 35,921 shares of the Internet television network’s stock valued at $13,564,000 after buying an additional 7,261 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Netflix during the third quarter valued at approximately $180,000. Regal Investment Advisors LLC grew its holdings in Netflix by 15.9% in the 3rd quarter. Regal Investment Advisors LLC now owns 1,108 shares of the Internet television network’s stock worth $418,000 after buying an additional 152 shares in the last quarter. Dark Forest Capital Management LP grew its holdings in Netflix by 119.6% in the 3rd quarter. Dark Forest Capital Management LP now owns 1,212 shares of the Internet television network’s stock worth $458,000 after buying an additional 660 shares in the last quarter. Finally, Clearbridge Investments LLC grew its holdings in Netflix by 5.3% in the 3rd quarter. Clearbridge Investments LLC now owns 2,783,694 shares of the Internet television network’s stock worth $1,051,123,000 after buying an additional 139,165 shares in the last quarter. Institutional investors and hedge funds 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.