Netflix (NASDAQ:NFLX) Price Target Raised to $810.00 at Guggenheim

Netflix (NASDAQ:NFLX) had its price objective lifted by Guggenheim from $735.00 to $810.00 in a report issued on Friday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the Internet television network’s stock.

Other analysts also recently issued research reports about the company. Jefferies Financial Group lifted their target price on Netflix from $655.00 to $780.00 and gave the company a buy rating in a research note on Tuesday, July 16th. Argus upped 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. UBS Group raised their target price on shares of Netflix from $685.00 to $750.00 and gave the company a buy rating in a research note on Friday, July 19th. Pivotal Research boosted their price target on shares of Netflix from $800.00 to $900.00 and gave the stock a buy rating in a research report on Friday, August 30th. Finally, Citigroup increased their price objective on shares of Netflix from $660.00 to $675.00 and gave the company a neutral rating in a report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $702.79.

Netflix Price Performance

Shares of NFLX opened at $713.00 on Friday. Netflix has a 12 month low of $344.73 and a 12 month high of $736.00. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a fifty day moving average price of $688.89 and a 200 day moving average price of $652.34. The company has a market cap of $307.30 billion, a P/E ratio of 49.48, a PEG ratio of 1.49 and a beta of 1.26.

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

Insider Transactions at Netflix

In related news, Director Leslie J. Kilgore sold 383 shares of Netflix stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total transaction of $279,590.00. Following the completion of the sale, the director now owns 35,262 shares of the company’s stock, valued at approximately $25,741,260. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Leslie J. Kilgore sold 383 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $730.00, for a total transaction of $279,590.00. Following the transaction, the director now owns 35,262 shares of the company’s stock, valued at approximately $25,741,260. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Reed Hastings sold 45,290 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the completion of the sale, the chairman now directly owns 85 shares of the company’s stock, valued at $60,023.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 225,167 shares of company stock valued at $150,492,460. 1.76% of the stock is owned by insiders.

Hedge Funds Weigh In On Netflix

A number of institutional investors have recently modified their holdings of the company. Denver PWM LLC acquired a new position in Netflix during the 2nd quarter worth $25,000. Valued Wealth Advisors LLC boosted its stake in Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares during the period. Beaird Harris Wealth Management LLC grew its holdings in Netflix by 1,550.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after buying an additional 62 shares during the last quarter. Scarborough Advisors LLC bought a new position in Netflix in the 4th quarter worth approximately $32,000. Finally, Indiana Trust & Investment Management CO lifted its holdings in shares of Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after buying an additional 28 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

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.