Netflix (NASDAQ:NFLX) PT Raised to $780.00 at Sanford C. Bernstein

Netflix (NASDAQ:NFLX) had its target price increased by equities researchers at Sanford C. Bernstein from $625.00 to $780.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “market perform” rating on the Internet television network’s stock. Sanford C. Bernstein’s price target suggests a potential upside of 2.11% from the stock’s previous close.

NFLX has been the subject of a number of other research reports. Argus raised their price objective on shares of Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Pivotal Research lifted their price target on shares of Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a report on Friday. Macquarie reiterated an “outperform” rating and issued a $795.00 price objective on shares of Netflix in a research note on Friday. Rosenblatt Securities raised their target price on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Bank of America upped their price target on Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $747.70.

Netflix Stock Performance

NFLX stock opened at $763.89 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The firm has a market cap of $329.24 billion, a PE ratio of 53.01, a P/E/G ratio of 1.49 and a beta of 1.26. The business has a 50 day moving average of $696.38 and a 200-day moving average of $654.94. Netflix has a 12-month low of $392.26 and a 12-month high of $766.28.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. The firm had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.29 EPS. As a group, sell-side analysts expect that Netflix will post 19.08 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $626.19, for a total transaction of $271,140.27. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $19,128,159.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 225,167 shares of company stock worth $150,492,460 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

A number of institutional investors have recently made changes to their positions in NFLX. Heartland Bank & Trust Co raised its holdings in Netflix by 0.9% during the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after buying an additional 15 shares during the last quarter. Cedrus LLC increased its position in shares of Netflix by 0.8% in the third quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock valued at $1,263,000 after acquiring an additional 15 shares during the period. Meritas Wealth Management LLC raised its stake in shares of Netflix by 2.9% during the third quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock valued at $406,000 after acquiring an additional 16 shares during the last quarter. Stage Harbor Financial LLC raised its stake in shares of Netflix by 4.8% during the third quarter. Stage Harbor Financial LLC now owns 346 shares of the Internet television network’s stock valued at $250,000 after acquiring an additional 16 shares during the last quarter. Finally, Compass Ion Advisors LLC grew its stake in shares of Netflix by 4.5% in the third quarter. Compass Ion Advisors LLC now owns 369 shares of the Internet television network’s stock worth $262,000 after purchasing an additional 16 shares during the last quarter. 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.