Netflix (NASDAQ:NFLX) Stock Rating Reaffirmed by BMO Capital Markets

Netflix (NASDAQ:NFLX)‘s stock had its “outperform” rating reiterated by analysts at BMO Capital Markets in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $713.00 target price on the Internet television network’s stock, up from their prior target price of $638.00. BMO Capital Markets’ price objective points to a potential upside of 16.78% from the stock’s current price.

Several other research analysts have also weighed in on the stock. Pivotal Research increased their target price on shares of Netflix from $700.00 to $765.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Robert W. Baird raised their price objective on shares of Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. raised their price objective on shares of Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Wells Fargo & Company lifted their price target on shares of Netflix from $460.00 to $650.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Finally, Sanford C. Bernstein boosted their price target on shares of Netflix from $390.00 to $490.00 and gave the stock a “market perform” rating in a report on Wednesday, January 24th. One equities research analyst has 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $614.75.

Netflix Price Performance

Netflix stock opened at $610.56 on Wednesday. Netflix has a 12-month low of $315.62 and a 12-month high of $639.00. The stock has a market cap of $264.23 billion, a P/E ratio of 50.84, a PEG ratio of 1.67 and a beta of 1.22. The company has a 50-day moving average price of $605.77 and a 200 day moving average price of $511.86. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 16.04% and a return on equity of 24.76%. The firm had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same period last year, the business earned $2.88 earnings per share. Netflix’s revenue was up 14.8% compared to the same quarter last year. Sell-side analysts anticipate that Netflix will post 17.05 earnings per share for the current year.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 13,655 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $543.80, for a total value of $7,425,589.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $7,118,342. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Netflix news, insider David A. Hyman sold 47,574 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total value of $25,591,006.08. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $17,003,651.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gregory K. Peters sold 13,655 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $543.80, for a total transaction of $7,425,589.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $7,118,342. The disclosure for this sale can be found here. In the last three months, insiders have sold 268,335 shares of company stock valued at $151,619,811. 2.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NFLX. Fairfield Bush & CO. lifted its holdings in Netflix by 26.5% in the 1st quarter. Fairfield Bush & CO. now owns 2,446 shares of the Internet television network’s stock valued at $916,000 after purchasing an additional 512 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Netflix by 21.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 480,044 shares of the Internet television network’s stock worth $179,820,000 after acquiring an additional 84,179 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of Netflix by 14.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,922 shares of the Internet television network’s stock worth $1,094,000 after acquiring an additional 363 shares during the period. Candriam Luxembourg S.C.A. lifted its holdings in shares of Netflix by 6.9% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 36,336 shares of the Internet television network’s stock worth $13,610,000 after acquiring an additional 2,358 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Netflix by 13.1% during the 1st quarter. Brown Brothers Harriman & Co. now owns 3,808 shares of the Internet television network’s stock worth $1,426,000 after acquiring an additional 441 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

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.