Netflix (NASDAQ:NFLX) PT Raised to $925.00 at Pivotal Research

Netflix (NASDAQ:NFLX) had its price target boosted by Pivotal Research from $900.00 to $925.00 in a research report report published on Friday morning, MarketBeat.com reports. They currently have a buy rating on the Internet television network’s stock.

NFLX has been the subject of a number of other research reports. Evercore ISI boosted their price objective on shares of Netflix from $710.00 to $750.00 and gave the company an “outperform” rating in a research report on Tuesday, August 27th. Redburn Atlantic upped their price target on shares of Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Macquarie upped their price target on shares of Netflix from $695.00 to $795.00 and gave the stock an “outperform” rating in a research note on Friday, October 11th. Bank of America increased their target price on shares of Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, The Goldman Sachs Group increased their target price on shares of Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $747.70.

Netflix Price Performance

NFLX opened at $772.07 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. Netflix has a 1-year low of $395.62 and a 1-year high of $773.00. The company has a 50-day moving average of $699.16 and a 200-day moving average of $656.21. The company has a market capitalization of $332.76 billion, a P/E ratio of 53.58, a PEG ratio of 1.49 and a beta of 1.26.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total value of $31,981,986.40. Following the completion of the sale, the chairman now directly owns 85 shares of the company’s stock, valued at $60,023.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Netflix news, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total value of $31,981,986.40. Following the completion of the sale, the chairman now directly owns 85 shares of the company’s stock, valued at $60,023.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Hyman sold 20,656 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 229,711 shares of company stock valued at $153,905,830. Company insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Netflix

Several institutional investors have recently added to or reduced their stakes in NFLX. Denver PWM LLC bought a new position in shares of Netflix in the second quarter worth about $25,000. Valued Wealth Advisors LLC grew its holdings in Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares during the period. Indiana Trust & Investment Management CO grew its holdings in Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 28 shares during the period. Proffitt & Goodson Inc. boosted its holdings in shares of Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after buying an additional 38 shares during the period. Finally, AlphaMark Advisors LLC boosted its holdings in shares of Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after buying an additional 45 shares during the period. 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.