Netflix (NASDAQ:NFLX) Price Target Raised to $950.00 at Evercore ISI

Netflix (NASDAQ:NFLX) had its price target lifted by Evercore ISI from $775.00 to $950.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an outperform rating on the Internet television network’s stock.

A number of other equities research analysts also recently commented on NFLX. Sanford C. Bernstein increased their price objective on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. UBS Group raised their price target on Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. upped their price objective on Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. BMO Capital Markets reissued an “outperform” rating and set a $825.00 target price (up previously from $770.00) on shares of Netflix in a research report on Friday, October 18th. Finally, StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $775.58.

Netflix Trading Up 1.2 %

NASDAQ NFLX opened at $897.74 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $383.75 billion, a price-to-earnings ratio of 50.81, a PEG ratio of 1.71 and a beta of 1.25. The firm has a 50 day simple moving average of $773.01 and a 200-day simple moving average of $700.75. Netflix has a one year low of $445.73 and a one year high of $908.00.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share 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 analyst estimates of $9.77 billion. Equities research analysts anticipate that Netflix will post 19.78 EPS for the current fiscal year.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 45,290 shares of Netflix stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the sale, the chairman now owns 85 shares in the company, valued at $60,023.60. This trade represents a 99.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of Netflix stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Insiders sold 160,792 shares of company stock valued at $116,320,533 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

Hedge funds and other institutional investors have recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix during the third quarter valued at approximately $25,000. Denver PWM LLC acquired a new stake in Netflix in the second quarter worth $25,000. Proffitt & Goodson Inc. increased its position in Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after buying an additional 38 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its stake in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares during the last quarter. Finally, AlphaMark Advisors LLC boosted its holdings in shares of Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 45 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.