Netflix (NASDAQ:NFLX) Price Target Increased to $550.00 by Analysts at Deutsche Bank Aktiengesellschaft

Netflix (NASDAQ:NFLX) had its price target raised by Deutsche Bank Aktiengesellschaft from $525.00 to $550.00 in a report released on Monday, MarketBeat reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the Internet television network’s stock.

Several other equities research analysts have also commented on the stock. UBS Group boosted their price target on shares of Netflix from $570.00 to $685.00 and gave the company a buy rating in a report on Tuesday, February 27th. Wells Fargo & Company increased their price objective on shares of Netflix from $460.00 to $650.00 and gave the stock an overweight rating in a research note on Wednesday, January 24th. Piper Sandler increased their price objective on shares of Netflix from $550.00 to $600.00 and gave the stock a neutral rating in a research note on Friday, April 12th. Sanford C. Bernstein increased their price objective on shares of Netflix from $390.00 to $490.00 and gave the stock a market perform rating in a research note on Wednesday, January 24th. Finally, Morgan Stanley increased their price objective on shares of Netflix from $600.00 to $700.00 and gave the stock an overweight rating in a research note on Friday, April 12th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $614.75.

Netflix Trading Down 0.5 %

Shares of NFLX opened at $610.56 on Monday. Netflix has a 1-year low of $315.62 and a 1-year high of $639.00. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization 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.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS 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 business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same quarter in the previous year, the business posted $2.88 EPS. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, research analysts expect that Netflix will post 17.05 EPS for the current year.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 20,566 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the transaction, the chairman now directly owns 28 shares of the company’s stock, valued at $17,091.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Netflix news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Reed Hastings sold 20,566 shares of Netflix stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the transaction, the chairman now directly owns 28 shares in the company, valued at $17,091.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 268,335 shares of company stock valued at $151,619,811. Corporate insiders own 2.45% of the company’s stock.

Hedge Funds Weigh In On Netflix

A number of institutional investors have recently bought and sold shares of the company. KFA Private Wealth Group LLC raised its stake in Netflix by 1.9% during the fourth quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock worth $466,000 after purchasing an additional 18 shares during the period. Legacy Capital Group California Inc. raised its stake in Netflix by 0.6% during the fourth quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet television network’s stock worth $1,379,000 after purchasing an additional 18 shares during the period. Founders Financial Alliance LLC raised its stake in Netflix by 2.4% during the fourth quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock worth $369,000 after purchasing an additional 18 shares during the period. Capital Advisors Ltd. LLC raised its stake in Netflix by 4.6% during the first quarter. Capital Advisors Ltd. LLC now owns 411 shares of the Internet television network’s stock worth $250,000 after purchasing an additional 18 shares during the period. Finally, Addison Advisors LLC raised its stake in Netflix by 7.8% during the fourth quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock worth $134,000 after purchasing an additional 20 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

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.