Oppenheimer Increases Netflix (NASDAQ:NFLX) Price Target to $1,150.00

Netflix (NASDAQ:NFLX) had its target price raised by investment analysts at Oppenheimer from $1,040.00 to $1,150.00 in a research report issued on Wednesday, MarketBeat Ratings reports. The firm currently has an “outperform” rating on the Internet television network’s stock. Oppenheimer’s price target points to a potential upside of 16.77% from the stock’s current price.

Several other brokerages have also weighed in on NFLX. Wolfe Research reissued an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Benchmark upped their price objective on Netflix from $555.00 to $720.00 and gave the company a “sell” rating in a research note on Friday, January 3rd. Macquarie lifted their target price on Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday. Citigroup raised their price objective on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Finally, Needham & Company LLC boosted their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $996.94.

Netflix Stock Performance

NASDAQ:NFLX opened at $984.86 on Wednesday. The firm has a 50-day moving average of $889.11 and a two-hundred day moving average of $763.41. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $420.99 billion, a P/E ratio of 49.67, a PEG ratio of 1.41 and a beta of 1.27. Netflix has a 1-year low of $537.07 and a 1-year high of $999.00.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data 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 return on equity of 39.48% and a net margin of 22.34%. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10,141,900 billion. During the same quarter last year, the firm earned $2.11 EPS. Netflix’s quarterly revenue was up 16.0% on a year-over-year basis. On average, research analysts expect that Netflix will post 23.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 146,500 shares of company stock worth $123,309,210. 1.76% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Netflix

A number of institutional investors have recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC purchased a new position in shares of Netflix in the third quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. grew its position in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in Netflix during the 3rd quarter worth approximately $37,000. FSA Wealth Management LLC acquired a new stake in Netflix during the 3rd quarter valued at $38,000. Finally, First Personal Financial Services purchased a new stake in shares of Netflix in the third quarter valued at $40,000. 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.