Netflix (NASDAQ:NFLX) Given New $925.00 Price Target at Loop Capital

Netflix (NASDAQ:NFLX) had its target price trimmed by Loop Capital from $950.00 to $925.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a hold rating on the Internet television network’s stock.

A number of other equities research analysts also recently weighed in on the stock. Canaccord Genuity Group lifted their price target on shares of Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Wedbush reiterated an “outperform” rating and set a $950.00 target price (up from $800.00) on shares of Netflix in a research report on Monday, November 18th. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a report on Saturday, December 21st. Pivotal Research boosted their target price on shares of Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Morgan Stanley increased their price target on shares of Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $845.06.

Netflix Stock Down 0.7 %

NFLX opened at $842.37 on Thursday. The stock has a fifty day moving average of $882.41 and a 200-day moving average of $756.61. The company has a market capitalization of $360.08 billion, a P/E ratio of 47.67, a P/E/G ratio of 1.35 and a beta of 1.27. Netflix has a fifty-two week low of $475.26 and a fifty-two week high of $941.75. 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 (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. On average, equities analysts expect that Netflix will post 19.78 EPS for the current year.

Insider Activity

In other Netflix news, Director Anne M. Sweeney sold 589 shares of Netflix stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 152,198 shares of company stock worth $127,616,898. 1.76% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NFLX. Advisory Resource Group lifted its stake in shares of Netflix by 0.7% in the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock valued at $1,238,000 after acquiring an additional 12 shares during the last quarter. Insight Wealth Strategies LLC increased its stake in Netflix by 1.9% in the 4th quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock worth $585,000 after purchasing an additional 12 shares during the period. Sunflower Bank N.A. lifted its position in Netflix by 2.1% in the fourth quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock valued at $513,000 after purchasing an additional 12 shares during the last quarter. New World Advisors LLC boosted its stake in shares of Netflix by 2.0% during the third quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after purchasing an additional 14 shares during the period. Finally, Trust Co. of Vermont grew its holdings in shares of Netflix by 2.5% in the fourth quarter. Trust Co. of Vermont now owns 570 shares of the Internet television network’s stock worth $508,000 after purchasing an additional 14 shares during the last quarter. 80.93% of the stock is owned by 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.