Macquarie Issues Positive Forecast for Netflix (NASDAQ:NFLX) Stock Price

Netflix (NASDAQ:NFLX) had its price objective lifted by Macquarie from $795.00 to $965.00 in a report released on Monday morning,Benzinga reports. They currently have an outperform rating on the Internet television network’s stock.

A number of other equities research analysts have also recently issued reports on NFLX. The Goldman Sachs Group boosted their price objective on Netflix from $750.00 to $850.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. BMO Capital Markets reissued 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. Wedbush reaffirmed an “outperform” rating and issued a $950.00 price objective (up from $800.00) on shares of Netflix in a report on Monday, November 18th. Citigroup boosted their target price on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Finally, StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a report on Saturday, December 21st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $832.94.

Netflix Trading Up 0.3 %

Shares of NFLX stock opened at $840.29 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market cap of $359.19 billion, a P/E ratio of 47.55, a PEG ratio of 1.77 and a beta of 1.27. The company has a 50 day moving average of $879.75 and a 200-day moving average of $754.88. Netflix has a 12-month low of $475.26 and a 12-month high of $941.75.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating the consensus estimate of $5.09 by $0.31. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. Sell-side analysts anticipate that Netflix will post 19.78 earnings per share for the current year.

Insider Activity

In other news, CEO Gregory K. Peters sold 4,186 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $750.00, for a total value of $3,139,500.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,817,500. This trade represents a 24.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 156,742 shares of company stock valued at $131,030,268. 1.76% of the stock is currently owned by insiders.

Institutional Trading of Netflix

Several large investors have recently modified their holdings of the business. Thoroughbred Financial Services LLC grew its position in shares of Netflix by 99.1% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,802 shares of the Internet television network’s stock worth $1,216,000 after buying an additional 897 shares during the last quarter. Redwood Wealth Management Group LLC bought a new stake in Netflix in the second quarter valued at $145,000. Brown Brothers Harriman & Co. increased its position in Netflix by 11.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 4,142 shares of the Internet television network’s stock valued at $2,795,000 after purchasing an additional 431 shares during the period. Fairfield Financial Advisors LTD bought a new position in Netflix in the 2nd quarter worth $82,000. Finally, Angeles Investment Advisors LLC lifted its position in shares of Netflix by 19.3% in the 2nd quarter. Angeles Investment Advisors LLC now owns 1,099 shares of the Internet television network’s stock worth $742,000 after purchasing an additional 178 shares during the period. 80.93% of the stock is owned by institutional investors.

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.