BMO Capital Markets Increases Netflix (NASDAQ:NFLX) Price Target to $1,000.00

Netflix (NASDAQ:NFLX) had its price target hoisted by BMO Capital Markets from $825.00 to $1,000.00 in a research report issued on Wednesday, Marketbeat.com reports. The firm presently has an “outperform” rating on the Internet television network’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 18.71% from the stock’s current price.

NFLX has been the subject of several other research reports. Wells Fargo & Company boosted their price target on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Wolfe Research reiterated an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Oppenheimer raised their target price on shares of Netflix from $825.00 to $1,065.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Argus upped their price target on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, Benchmark raised their price objective on shares of Netflix from $555.00 to $720.00 and gave the company a “sell” rating in a research report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $845.06.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $842.37 on Wednesday. Netflix has a 12-month low of $475.26 and a 12-month high of $941.75. The firm has a market capitalization of $360.08 billion, a price-to-earnings ratio of 47.67, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. 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 firm has a 50 day moving average of $882.41 and a 200 day moving average of $756.61.

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

Insider Buying and Selling

In related news, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the transaction, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. The trade was a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 152,198 shares of company stock worth $127,616,898. Corporate insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Netflix

Hedge funds and other institutional investors have recently made changes to their positions in the company. Aspiriant LLC grew its holdings in Netflix by 12.4% during the 4th quarter. Aspiriant LLC now owns 1,573 shares of the Internet television network’s stock valued at $1,402,000 after purchasing an additional 174 shares during the last quarter. Reliant Investment Management LLC bought a new position in shares of Netflix during the fourth quarter valued at approximately $5,627,000. Ballentine Partners LLC raised its holdings in shares of Netflix by 4.5% in the fourth quarter. Ballentine Partners LLC now owns 6,633 shares of the Internet television network’s stock worth $5,912,000 after buying an additional 287 shares during the period. Pure Financial Advisors LLC lifted its stake in shares of Netflix by 39.4% during the 4th quarter. Pure Financial Advisors LLC now owns 1,919 shares of the Internet television network’s stock worth $1,710,000 after acquiring an additional 542 shares during the last quarter. Finally, Tudor Financial Inc. purchased a new position in Netflix during the 4th quarter valued at $245,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

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.