Netflix (NASDAQ:NFLX) Price Target Raised to $1,065.00 at Oppenheimer

Netflix (NASDAQ:NFLX) had its price target upped by Oppenheimer from $825.00 to $1,065.00 in a research note published on Monday morning, MarketBeat reports. They currently have an outperform rating on the Internet television network’s stock.

A number of other equities analysts also recently weighed in on NFLX. China Renaissance began coverage on shares of Netflix in a research note on Thursday, September 5th. They issued a “hold” rating and a $680.00 price target on the stock. KeyCorp increased their price target on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $825.00 price target (up previously from $770.00) on shares of Netflix in a research report on Friday, October 18th. Citigroup increased their price objective on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Finally, The Goldman Sachs Group set a $750.00 target price on Netflix in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $801.18.

Netflix Price Performance

Shares of Netflix stock opened at $921.08 on Monday. Netflix has a 52 week low of $461.86 and a 52 week high of $941.75. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market cap of $393.72 billion, a PE ratio of 52.13, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. The company’s 50-day moving average price is $818.41 and its two-hundred day moving average price is $722.22.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. As a group, sell-side analysts anticipate that Netflix will post 19.78 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Leslie J. Kilgore sold 428 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $715.00, for a total transaction of $306,020.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 4,392 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total value of $3,184,200.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,490,250. This represents a 25.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 165,405 shares of company stock worth $129,623,487 in the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Netflix

Institutional investors have recently modified their holdings of the stock. State Street Corp grew its stake in Netflix by 2.6% in the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after acquiring an additional 426,740 shares during the period. Geode Capital Management LLC raised its holdings in Netflix by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock worth $6,464,736,000 after buying an additional 123,029 shares during the period. Jennison Associates LLC lifted its stake in Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after buying an additional 316,594 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after acquiring an additional 5,748,200 shares during the period. Finally, Wellington Management Group LLP lifted its position in Netflix by 0.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock valued at $3,473,571,000 after acquiring an additional 23,702 shares in 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.