Netflix (NASDAQ:NFLX) Given New $1,200.00 Price Target at Robert W. Baird

Netflix (NASDAQ:NFLX) had its target price lifted by Robert W. Baird from $875.00 to $1,200.00 in a report issued on Wednesday,Benzinga reports. They currently have an outperform rating on the Internet television network’s stock.

A number of other brokerages have also recently commented on NFLX. Guggenheim upped their target price on shares of Netflix from $825.00 to $950.00 and gave the company a “buy” rating in a report on Monday, January 13th. Loop Capital reduced their target price on shares of Netflix from $950.00 to $925.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Oppenheimer reduced their target price on shares of Netflix from $1,065.00 to $1,040.00 and set an “outperform” rating for the company in a report on Wednesday, January 15th. Jefferies Financial Group upped their target price on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Barclays upped their target price on shares of Netflix from $550.00 to $715.00 and gave the company an “underweight” rating in a report on Tuesday, January 14th. Nine equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,009.29.

Netflix Price Performance

Shares of NFLX opened at $977.59 on Wednesday. Netflix has a 1-year low of $542.01 and a 1-year high of $999.00. The stock has a market cap of $417.88 billion, a PE ratio of 49.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. The firm has a fifty day moving average price of $892.06 and a 200 day moving average price of $764.95.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10,141,900 billion. During the same period in the previous year, the company earned $2.11 earnings per share. Netflix’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Netflix will post 23.72 EPS for the current year.

Insider Activity

In other news, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,117 shares of company stock worth $123,913,691 over the last three months. 1.76% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Netflix

A number of institutional investors have recently modified their holdings of NFLX. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix in the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of 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. MidAtlantic Capital Management Inc. acquired a new position in shares of Netflix in the third quarter valued at approximately $37,000. FSA Wealth Management LLC acquired a new position in shares of Netflix in the third quarter valued at approximately $38,000. Finally, First Personal Financial Services acquired a new position in shares of Netflix in the third quarter valued at approximately $40,000. Institutional investors and hedge funds 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.