Netflix (NASDAQ:NFLX) Stock Rating Reaffirmed by BMO Capital Markets

Netflix (NASDAQ:NFLX)‘s stock had its “outperform” rating reissued by stock analysts at BMO Capital Markets in a research report issued to clients and investors on Friday, MarketBeat reports. They currently have a $825.00 target price on the Internet television network’s stock, up from their previous target price of $770.00. BMO Capital Markets’ price target points to a potential upside of 8.00% from the stock’s previous close.

Other analysts have also issued reports about the stock. Oppenheimer upped their price target on shares of Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. raised their target price on shares of Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday. Barclays reissued an “underweight” rating and set a $550.00 price target on shares of Netflix in a research report on Monday, October 7th. UBS Group raised their price objective on Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a research report on Friday. Finally, Loop Capital boosted their target price on Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average target price of $747.70.

Netflix Trading Up 11.1 %

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

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating the consensus estimate of $4.74 by $0.14. The firm had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.29 earnings per share. On average, equities analysts expect that Netflix will post 19.08 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Netflix by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock worth $22,220,936,000 after acquiring an additional 149,341 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Netflix by 17.0% during the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after purchasing an additional 929,193 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of Netflix by 2.3% during the second quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock worth $3,213,825,000 after purchasing an additional 106,756 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Netflix by 3.1% in the second quarter. Legal & General Group Plc now owns 3,449,114 shares of the Internet television network’s stock valued at $2,327,738,000 after buying an additional 104,332 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Netflix by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,281,306 shares of the Internet television network’s stock valued at $2,214,488,000 after buying an additional 83,762 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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.