Netflix (NASDAQ:NFLX) Given New $1,250.00 Price Target at Pivotal Research

Netflix (NASDAQ:NFLX) had its price target hoisted by Pivotal Research from $1,100.00 to $1,250.00 in a research report released on Wednesday, MarketBeat reports. Pivotal Research currently has a buy rating on the Internet television network’s stock.

NFLX has been the subject of several other reports. JPMorgan Chase & Co. raised their target price on Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wedbush reissued an “outperform” rating and set a $950.00 target price (up previously from $800.00) on shares of Netflix in a research report on Monday, November 18th. Guggenheim boosted their price target on shares of Netflix from $825.00 to $950.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Robert W. Baird increased their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Benchmark lifted their target price on shares of Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research note on Friday, January 3rd. Nine analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $993.82.

Netflix Price Performance

Netflix stock opened at $953.99 on Wednesday. The company has a market capitalization of $407.79 billion, a PE ratio of 53.99, a P/E/G ratio of 1.40 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 stock has a 50-day moving average price of $886.64 and a two-hundred day moving average price of $762.07. Netflix has a 12 month low of $481.40 and a 12 month high of $999.00.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company earned $2.11 EPS. Analysts expect that Netflix will post 19.76 EPS for the current year.

Insiders Place Their Bets

In related news, Chairman Reed Hastings sold 48,363 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the sale, the chairman now directly owns 114 shares of the company’s stock, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard N. Barton sold 5,698 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the completion of the transaction, the director now directly owns 246 shares in the company, valued at approximately $185,976. This represents a 95.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 152,198 shares of company stock valued at $127,616,898 in the last 90 days. 1.76% of the stock is currently owned by corporate insiders.

Institutional Trading of Netflix

A number of large investors have recently added to or reduced their stakes in NFLX. Mayflower Financial Advisors LLC boosted its stake in Netflix by 60.1% in the fourth quarter. Mayflower Financial Advisors LLC now owns 988 shares of the Internet television network’s stock valued at $881,000 after acquiring an additional 371 shares during the last quarter. BSW Wealth Partners grew its holdings in Netflix by 6.5% during the fourth quarter. BSW Wealth Partners now owns 1,562 shares of the Internet television network’s stock valued at $1,392,000 after purchasing an additional 96 shares during the period. Bensler LLC raised its stake in shares of Netflix by 2.3% in the fourth quarter. Bensler LLC now owns 16,267 shares of the Internet television network’s stock valued at $14,499,000 after buying an additional 372 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Netflix by 3.6% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,510 shares of the Internet television network’s stock valued at $1,346,000 after buying an additional 53 shares during the last quarter. Finally, Aspire Capital Advisors LLC bought a new position in shares of Netflix during the 4th quarter worth $213,000. 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.