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Netflix (NASDAQ:NFLX) stock rating reaffirmed by BMO Capital Markets


Netflix (NASDAQ:NFLX – Get a Free Report)The stock’s “outperform” rating was reiterated by analysts at BMO Capital Markets in a research note issued to investors on Wednesday, Benzinga reports. They currently have a target price of $713.00 on the internet television network’s stock, up from their previous target price of $638.00. BMO Capital Markets’ price target indicates a potential upside of 16.78% from the stock’s current price.

Several other research analysts have also weighed in on the stock. Pivotal Research raised their target price on shares of Netflix from $700.00 to $765.00 and gave the stock a “buy” rating in a research note on Friday, April 5. Robert W. Baird raised their price objective on shares of Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24. JPMorgan Chase & Co. raised their price objective on shares of Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, April 8. Wells Fargo & Company lifted their price target on shares of Netflix from $460.00 to $650.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24. Finally, Sanford C. Bernstein raised their target price on shares of Netflix from $390.00 to $490.00 and gave the stock a “market perform” rating in a report on Wednesday, January 24. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $614.75.

Check out our latest Netflix stock report

Netflix price performance

Netflix shares opened at $610.56 on Wednesday. Netflix has a 12-month low of $315.62 and a 12-month high of $639.00. The stock has a market cap of $264.23 billion, a price-to-earnings ratio of 50.84, a PEG ratio of 1.67 and a beta of 1.22. The company has a 50-day moving average of $605.77 and a 200-day moving average of $511.86. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69.

Netflix (NASDAQ:NFLX – Get Free Report) last released its quarterly earnings data on Thursday, April 18. The Internet television network reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 16.04% and a return on equity of 24.76%. The company had revenue of $9.37 billion during the quarter, compared to analyst expectations of $9.28 billion. During the same period last year, the company earned $2.88 in earnings per share. Netflix’s revenue increased by 14.8% compared to the same quarter last year. Sell-side analysts expect Netflix to post 17.05 earnings per share for the current year.

Insider buying and selling at Netflix

In related news, CEO Gregory K. Peters sold 13,655 shares of the stock in a transaction dated Wednesday, January 24th. The shares sold at an average price of $543.80, for a total value of $7,425,589.00. Following the sale, the CEO now directly owns 13,090 shares of the company’s stock, valued at approximately $7,118,342. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Netflix news, insider David A. Hyman sold 47,574 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares sold at an average price of $537.92, for a total value of $25,591,006.08. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $17,003,651.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gregory K. Peters sold 13,655 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $543.80, for a total transaction of $7,425,589.00. Following the completion of the transaction, the CEO now owns 13,090 shares in the company, valued at $7,118,342. The explanation of this sale can be found here. In the last three months, insiders have sold 268,335 shares of the company’s stock, valued at $151,619,811. 2.45% of the shares are owned by company insiders.

Institutional inflow and outflow

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NFLX. Fairfield Bush & CO. increased its stake in Netflix by 26.5% in the first quarter. Fairfield Bush & CO. now owns 2,446 shares of the Internet television network, valued at $916,000, after purchasing an additional 512 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Netflix shares by 21.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 480,044 shares of the internet television network’s stock worth $179,820,000 after acquiring an additional 84,179 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Netflix by 14.2% during the first quarter. Sequoia Financial Advisors LLC now owns 2,922 shares of the internet television network’s stock worth $1,094,000 after acquiring an additional 363 shares during the period. Candriam Luxembourg SCA increased its stake in Netflix shares by 6.9% during the first quarter. Candriam Luxembourg SCA now owns 36,336 shares of the internet television network’s stock worth $13,610,000 after acquiring an additional 2,358 shares during the period. Finally, Brown Brothers raised Harriman & Co. its stake in Netflix shares increased by 13.1% during the first quarter. Brown Brothers Harriman & Co. now owns 3,808 shares of the internet television network’s stock worth $1,426,000 after acquiring an additional 441 shares during the period. 80.93% of the shares are currently owned by hedge funds and other institutional investors.

Netflix company profile

(Get a free report)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films and games in different genres and languages. The company also offers members the ability to receive streaming content through a variety of Internet-connected devices, including TVs, digital video players, TV set-top boxes and mobile devices.

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