Netflix (NASDAQ:NFLX) Price Target Raised to $1,500.00 at Robert W. Baird

Netflix (NASDAQ:NFLX) had its price target increased by Robert W. Baird from $1,300.00 to $1,500.00 in a report published on Monday,Benzinga reports. The firm currently has an outperform rating on the Internet television network’s stock.

A number of other equities research analysts have also issued reports on the stock. Moffett Nathanson reiterated a “buy” rating and set a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Benchmark reiterated a “hold” rating on shares of Netflix in a research report on Monday, April 21st. KeyCorp lifted their target price on Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. The Goldman Sachs Group increased their target price on Netflix from $1,000.00 to $1,140.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $1,500.00 target price on shares of Netflix in a research note on Friday. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $1,297.66.

Netflix Stock Up 2.0%

Shares of NFLX stock opened at $1,233.27 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix has a 52 week low of $587.04 and a 52 week high of $1,341.15. The stock has a market cap of $524.84 billion, a P/E ratio of 51.52, a PEG ratio of 2.15 and a beta of 1.59. The company’s fifty day simple moving average is $1,232.59 and its two-hundred day simple moving average is $1,063.17.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.88 earnings per share. Analysts predict that Netflix will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Ann Mather sold 1,090 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total transaction of $1,362,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jeffrey William Karbowski sold 620 shares of the firm’s stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total transaction of $797,840.80. The disclosure for this sale can be found here. Insiders have sold 186,563 shares of company stock worth $223,147,201 in the last 90 days. Corporate insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Netflix by 109,524.3% in the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock valued at $8,239,576,000 after purchasing an additional 8,827,662 shares during the last quarter. Norges Bank acquired a new position in Netflix in the fourth quarter worth about $5,019,087,000. Nuveen LLC acquired a new stake in Netflix in the first quarter worth $2,385,585,000. Kingstone Capital Partners Texas LLC boosted its holdings in shares of Netflix by 343,058.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock worth $3,299,450,000 after buying an additional 2,463,158 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Netflix by 57.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock worth $3,164,134,000 after acquiring an additional 1,236,251 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.