Netflix (NASDAQ:NFLX) Earns “Outperform” Rating from BMO Capital Markets

Netflix (NASDAQ:NFLX)‘s stock had its “outperform” rating restated by equities research analysts at BMO Capital Markets in a research note issued on Wednesday,Benzinga reports. They presently have a $1,175.00 target price on the Internet television network’s stock, up from their prior target price of $1,000.00. BMO Capital Markets’ price objective suggests a potential upside of 19.31% from the company’s current price.

NFLX has been the subject of several other reports. KeyCorp lifted their target price on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a report on Friday, October 18th. JPMorgan Chase & Co. lowered their price objective on Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. The Goldman Sachs Group increased their target price on Netflix from $750.00 to $850.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Loop Capital lowered their price target on Netflix from $950.00 to $925.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. Finally, Bank of America increased their price objective on shares of Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus target price of $996.94.

Netflix Price Performance

Shares of NFLX stock opened at $984.86 on Wednesday. The business’s fifty day moving average is $889.11 and its 200 day moving average is $763.41. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market cap of $420.99 billion, a price-to-earnings ratio of 49.67, a PEG ratio of 1.41 and a beta of 1.27. Netflix has a twelve month low of $537.07 and a twelve month high of $999.00.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 39.48%. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. During the same period in the prior year, the firm earned $2.11 EPS. The company’s revenue was up 16.0% compared to the same quarter last year. Research analysts expect that Netflix will post 23.43 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the transaction, the chairman now directly owns 114 shares in the company, valued at approximately $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 146,500 shares of company stock valued at $123,309,210 over the last ninety days. 1.76% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Netflix

Several institutional investors have recently bought and sold shares of the stock. Custom Index Systems LLC lifted its stake in Netflix by 3.7% in the 4th quarter. Custom Index Systems LLC now owns 1,569 shares of the Internet television network’s stock worth $1,398,000 after purchasing an additional 56 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Netflix in the fourth quarter worth about $446,000. Austin Private Wealth LLC boosted its stake in Netflix by 16.8% during the fourth quarter. Austin Private Wealth LLC now owns 834 shares of the Internet television network’s stock valued at $743,000 after buying an additional 120 shares during the last quarter. Caprock Group LLC grew its holdings in Netflix by 3.9% during the 4th quarter. Caprock Group LLC now owns 17,745 shares of the Internet television network’s stock valued at $15,817,000 after buying an additional 661 shares in the last quarter. Finally, New Wave Wealth Advisors LLC increased its stake in Netflix by 5.7% in the 4th quarter. New Wave Wealth Advisors LLC now owns 1,754 shares of the Internet television network’s stock worth $1,563,000 after acquiring an additional 95 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

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.