Netflix (NASDAQ:NFLX) Given Outperform Rating at Oppenheimer

Oppenheimer restated their outperform rating on shares of Netflix (NASDAQ:NFLX) in a report issued on Friday morning, Benzinga reports. Oppenheimer currently has a $725.00 target price on the Internet television network’s stock.

Several other research analysts have also recently issued reports on NFLX. Sanford C. Bernstein increased their price objective on Netflix from $490.00 to $600.00 and gave the stock a market perform rating in a research report on Friday. Evercore ISI boosted their price objective on shares of Netflix from $600.00 to $640.00 and gave the stock an outperform rating in a report on Thursday, March 14th. Redburn Atlantic lifted their price target on shares of Netflix from $550.00 to $610.00 and gave the company a buy rating in a research report on Wednesday, January 24th. Seaport Res Ptn downgraded Netflix from a buy rating to a neutral rating in a research note on Tuesday, January 30th. Finally, Canaccord Genuity Group reissued a hold rating and issued a $585.00 target price (down previously from $720.00) on shares of Netflix in a report on Friday. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, Netflix has a consensus rating of Moderate Buy and a consensus price target of $630.58.

Netflix Price Performance

Netflix stock opened at $554.60 on Friday. The business has a 50 day simple moving average of $605.58 and a 200-day simple moving average of $516.27. Netflix has a 12 month low of $315.62 and a 12 month high of $639.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.12. The stock has a market capitalization of $238.98 billion, a PE ratio of 38.49, a price-to-earnings-growth ratio of 1.49 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. The business had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.88 earnings per share. Equities analysts predict that Netflix will post 17.13 earnings per share for the current year.

Insider Buying and Selling

In other news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction on Monday, April 1st. The shares were 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 of the company’s stock, valued at $17,091.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider David A. Hyman sold 47,574 shares of Netflix stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total value of $25,591,006.08. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $17,003,651.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Reed Hastings sold 20,566 shares of the business’s 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 completion of the sale, the chairman now directly owns 28 shares of the company’s stock, valued at approximately $17,091.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 268,335 shares of company stock valued at $151,619,811. Corporate insiders own 2.45% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NFLX. Authentikos Wealth Advisory LLC bought a new position in Netflix during the third quarter worth $25,000. Spartan Planning & Wealth Management acquired a new stake in Netflix during the third quarter worth about $26,000. Carmel Capital Partners LLC boosted its stake in Netflix by 290.0% in the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 58 shares during the period. VitalStone Financial LLC raised its position in shares of Netflix by 933.3% during the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 56 shares during the period. Finally, Beaird Harris Wealth Management LLC boosted its position in Netflix by 1,550.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 62 shares during the period. Institutional investors own 80.93% of the company’s stock.

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.