Netflix (NASDAQ:NFLX) Given New $550.00 Price Target at Deutsche Bank Aktiengesellschaft

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

Several other research firms have also recently commented on NFLX. Oppenheimer raised their target price on shares of Netflix from $615.00 to $725.00 and gave the stock an outperform rating in a research report on Monday, March 11th. Canaccord Genuity Group lifted their target price on shares of Netflix from $575.00 to $625.00 and gave the stock a buy rating in a report on Wednesday, January 24th. Seaport Res Ptn cut shares of Netflix from a buy rating to a neutral rating in a report on Tuesday, January 30th. Sanford C. Bernstein lifted their target price on shares of Netflix from $390.00 to $490.00 and gave the stock a market perform rating in a report on Wednesday, January 24th. Finally, Wells Fargo & Company lifted their target price on shares of Netflix from $460.00 to $650.00 and gave the stock an overweight rating in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, Netflix has a consensus rating of Moderate Buy and an average target price of $597.73.

Netflix Price Performance

Shares of Netflix stock opened at $607.15 on Monday. The company’s fifty day simple moving average is $602.41 and its two-hundred day simple moving average is $508.76. Netflix has a 12-month low of $315.62 and a 12-month high of $639.00. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.69. The firm has a market cap of $262.75 billion, a PE ratio of 50.55, a price-to-earnings-growth ratio of 1.69 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). Netflix had a return on equity of 24.76% and a net margin of 16.04%. The company had revenue of $8.83 billion during the quarter, compared to analysts’ expectations of $8.72 billion. During the same period in the prior year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, equities analysts expect that Netflix will post 17.02 EPS for the current year.

Insider Transactions at Netflix

In other news, CEO Gregory K. Peters sold 5,352 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $625.00, for a total value of $3,345,000.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,181,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Gregory K. Peters sold 5,352 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $625.00, for a total value of $3,345,000.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,181,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jay C. Hoag sold 47,000 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $550.50, for a total transaction of $25,873,500.00. Following the completion of the transaction, the director now directly owns 431,034 shares in the company, valued at approximately $237,284,217. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 268,335 shares of company stock valued at $151,619,811. 2.45% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Netflix

Hedge funds have recently bought and sold shares of the business. Columbia Trust Co 01012016 raised its stake in Netflix by 15.3% during the fourth quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock valued at $762,000 after purchasing an additional 208 shares in the last quarter. Crumly & Associates Inc. raised its stake in Netflix by 4.1% during the fourth quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock valued at $1,025,000 after purchasing an additional 83 shares in the last quarter. Venture Visionary Partners LLC raised its stake in Netflix by 15.4% during the fourth quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock valued at $4,795,000 after purchasing an additional 1,318 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Netflix by 142.6% during the third quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after purchasing an additional 392,427 shares in the last quarter. Finally, Smith Anglin Financial LLC raised its stake in Netflix by 7.7% during the third quarter. Smith Anglin Financial LLC now owns 546 shares of the Internet television network’s stock valued at $206,000 after purchasing an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

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.