Netflix (NASDAQ:NFLX) has been given a $250.00 price objective by research analysts at Goldman Sachs Group in a note issued to investors on Tuesday, November 28th. The brokerage presently has a “buy” rating on the Internet television network’s stock. Goldman Sachs Group’s price target points to a potential upside of 31.88% from the stock’s current price.
A number of other brokerages have also recently weighed in on NFLX. SunTrust Banks set a $175.00 price objective on Netflix and gave the company a “hold” rating in a research note on Monday, October 16th. Jefferies Group set a $190.00 target price on Netflix and gave the company a “neutral” rating in a report on Tuesday, October 17th. Wedbush set a $93.00 target price on Netflix and gave the company a “sell” rating in a report on Tuesday, October 17th. FBR & Co reiterated a “buy” rating and issued a $207.00 target price (up from $172.00) on shares of Netflix in a report on Tuesday, October 17th. Finally, Royal Bank of Canada lifted their price target on Netflix from $210.00 to $250.00 and gave the stock an “outperform” rating in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $209.65.
Netflix (NFLX) traded up $1.70 during trading hours on Tuesday, hitting $189.56. The company had a trading volume of 7,677,048 shares, compared to its average volume of 6,629,169. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market capitalization of $81,970.00, a PE ratio of 187.61, a PEG ratio of 5.52 and a beta of 1.33. Netflix has a 12-month low of $122.87 and a 12-month high of $204.38.
Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same period last year, the business earned $0.12 EPS. Netflix’s revenue was up 30.3% compared to the same quarter last year. sell-side analysts forecast that Netflix will post 1.26 EPS for the current year.
In other news, Director Ann Mather sold 3,885 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $200.00, for a total transaction of $777,000.00. Following the completion of the sale, the director now directly owns 1,015 shares in the company, valued at $203,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $184.30, for a total value of $368,600.00. Following the sale, the director now owns 8,012 shares of the company’s stock, valued at $1,476,611.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 325,285 shares of company stock valued at $62,818,751. 4.90% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC bought a new position in shares of Netflix during the second quarter worth about $1,045,000. Lincoln National Corp lifted its holdings in Netflix by 7.0% in the third quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock worth $742,000 after acquiring an additional 268 shares during the last quarter. Calamos Advisors LLC lifted its holdings in Netflix by 198.5% in the second quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock worth $31,218,000 after acquiring an additional 138,945 shares during the last quarter. Alps Advisors Inc. bought a new position in Netflix in the second quarter worth about $262,000. Finally, BB&T Corp lifted its holdings in Netflix by 20.0% in the third quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock worth $700,000 after acquiring an additional 642 shares during the last quarter. 83.37% of the stock is currently owned by institutional investors and hedge funds.
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Netflix Company Profile
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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