Netflix (NASDAQ:NFLX) Given New $715.00 Price Target at Barclays

Netflix (NASDAQ:NFLX) had its price target increased by Barclays from $550.00 to $715.00 in a research report report published on Tuesday,Benzinga reports. Barclays currently has an underweight rating on the Internet television network’s stock.

A number of other brokerages have also issued reports on NFLX. Wedbush restated 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. KeyCorp increased their price target on Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Pivotal Research lifted their price objective on Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Argus increased their target price on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, The Goldman Sachs Group raised their price target on Netflix from $750.00 to $850.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $841.27.

Netflix Stock Performance

NFLX opened at $828.40 on Tuesday. 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 business has a fifty day simple moving average of $881.04 and a 200 day simple moving average of $755.96. Netflix has a 1 year low of $475.26 and a 1 year high of $941.75. The company has a market capitalization of $354.11 billion, a PE ratio of 46.88, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Research analysts expect that Netflix will post 19.78 EPS for the current year.

Insider Activity

In other news, Director Anne M. Sweeney sold 589 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the transaction, the director now owns 246 shares of the company’s stock, valued at $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 156,742 shares of company stock valued at $131,030,268. Insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. lifted its holdings in Netflix by 11.6% in the second quarter. Brown Brothers Harriman & Co. now owns 4,142 shares of the Internet television network’s stock valued at $2,795,000 after buying an additional 431 shares during the period. One Capital Management LLC lifted its stake in shares of Netflix by 11.6% in the 2nd quarter. One Capital Management LLC now owns 2,703 shares of the Internet television network’s stock valued at $1,824,000 after purchasing an additional 280 shares during the period. Citizens Financial Group Inc. RI boosted its position in shares of Netflix by 100.5% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 5,758 shares of the Internet television network’s stock valued at $3,886,000 after purchasing an additional 2,886 shares in the last quarter. WealthPLAN Partners LLC grew its stake in Netflix by 7.6% during the second quarter. WealthPLAN Partners LLC now owns 943 shares of the Internet television network’s stock worth $636,000 after purchasing an additional 67 shares during the period. Finally, Luts & Greenleigh Group Inc. acquired a new stake in Netflix during the second quarter worth approximately $222,000. Institutional investors and hedge funds 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.