Macquarie Issues Positive Forecast for Netflix (NASDAQ:NFLX) Stock Price

Netflix (NASDAQ:NFLX) had its target price boosted by Macquarie from $965.00 to $1,150.00 in a research note issued to investors on Wednesday,Benzinga reports. Macquarie currently has an outperform rating on the Internet television network’s stock.

A number of other research analysts have also commented on NFLX. Canaccord Genuity Group raised their price objective on shares of Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Benchmark boosted their price objective on Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research note on Friday, January 3rd. TD Cowen raised their target price on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Piper Sandler boosted their price target on shares of Netflix from $840.00 to $950.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Nine analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $993.82.

Netflix Trading Up 9.7 %

Shares of NFLX stock opened at $953.99 on Wednesday. The firm has a market capitalization of $407.79 billion, a PE ratio of 53.99, a price-to-earnings-growth ratio of 1.40 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix has a 1 year low of $481.40 and a 1 year high of $999.00. The stock has a fifty day moving average of $886.64 and a two-hundred day moving average of $762.07.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion during 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 company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.11 earnings per share. As a group, research analysts expect that Netflix will post 19.76 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Theodore A. Sarandos sold 1,278 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total transaction of $980,289.90. Following the transaction, the chief executive officer now owns 2,556 shares in the company, valued at $1,960,579.80. This represents a 33.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard N. Barton sold 5,698 shares of Netflix stock in a transaction on Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the completion of the sale, the director now directly owns 246 shares of the company’s stock, valued at approximately $185,976. The trade was 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 three months. Insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Netflix

Hedge funds have recently bought and sold shares of the business. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix in the 3rd quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Netflix by 700.0% during 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 purchasing an additional 42 shares during the last quarter. Decker Retirement Planning Inc. acquired a new stake in shares of Netflix in the fourth quarter worth $43,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix in the third quarter worth $37,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Netflix in the third quarter worth $38,000. 80.93% of the stock is owned by institutional investors and hedge funds.

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.