Analysts Set Netflix, Inc. (NASDAQ:NFLX) PT at $499.33

Share on StockTwits

Shares of Netflix, Inc. (NASDAQ:NFLX) have earned a consensus rating of “Hold” from the forty-eight brokerages that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and twenty-seven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $510.93.

NFLX has been the subject of a number of analyst reports. Truist raised their target price on shares of Netflix from $530.00 to $560.00 in a research report on Tuesday, September 8th. Pivotal Research raised their target price on shares of Netflix from $600.00 to $650.00 and gave the stock a “buy” rating in a research note on Wednesday, October 7th. Monness Crespi & Hardt raised their target price on shares of Netflix from $500.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Barclays lifted their price objective on shares of Netflix from $420.00 to $550.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Finally, Piper Sandler raised their target price on shares of Netflix from $500.00 to $534.00 and gave the company an “overweight” rating in a report on Friday, July 17th.

In other news, CEO Reed Hastings sold 43,239 shares of the business’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $494.83, for a total value of $21,395,954.37. Following the transaction, the chief executive officer now owns 43,239 shares in the company, valued at approximately $21,395,954.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Theodore A. Sarandos sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $505.77, for a total transaction of $5,057,700.00. Following the completion of the transaction, the chief executive officer now owns 524 shares in the company, valued at approximately $265,023.48. The disclosure for this sale can be found here. Insiders sold a total of 198,544 shares of company stock worth $97,503,985 in the last 90 days. Corporate insiders own 3.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in shares of Netflix by 2.8% during the 2nd quarter. BlackRock Inc. now owns 29,171,135 shares of the Internet television network’s stock valued at $13,274,032,000 after acquiring an additional 797,481 shares during the period. Capital International Investors lifted its position in shares of Netflix by 27.3% during the 1st quarter. Capital International Investors now owns 13,695,433 shares of the Internet television network’s stock valued at $5,142,631,000 after acquiring an additional 2,936,451 shares during the period. Jennison Associates LLC lifted its position in shares of Netflix by 1.7% during the 2nd quarter. Jennison Associates LLC now owns 9,099,165 shares of the Internet television network’s stock valued at $4,140,484,000 after acquiring an additional 148,672 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Netflix by 24.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,873,203 shares of the Internet television network’s stock valued at $1,762,464,000 after acquiring an additional 759,686 shares during the period. Finally, Fisher Asset Management LLC lifted its position in shares of Netflix by 5.0% during the 2nd quarter. Fisher Asset Management LLC now owns 3,406,249 shares of the Internet television network’s stock valued at $1,549,980,000 after acquiring an additional 161,395 shares during the period. Institutional investors own 80.63% of the company’s stock.

Netflix stock traded down $11.15 during mid-day trading on Monday, reaching $530.79. The company’s stock had a trading volume of 6,347,363 shares, compared to its average volume of 7,479,434. The company has a market capitalization of $234.09 billion, a price-to-earnings ratio of 89.51, a price-to-earnings-growth ratio of 2.87 and a beta of 0.95. Netflix has a 12 month low of $265.80 and a 12 month high of $575.37. The business’s 50 day simple moving average is $507.55 and its 200 day simple moving average is $463.66. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.12 and a current ratio of 1.12.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 16th. The Internet television network reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.22). The business had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.08 billion. Netflix had a net margin of 11.85% and a return on equity of 33.32%. During the same period last year, the business posted $0.60 EPS. As a group, sell-side analysts expect that Netflix will post 6.27 EPS for the current year.

Netflix Company Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

Further Reading: What is intrinsic value?

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.