Netflix (NASDAQ:NFLX) had its price objective raised by Bank of America from $225.00 to $199.00 in a research note issued to investors on Friday, December 1st. They currently have a buy rating on the Internet television network’s stock.
Several other research analysts have also weighed in on NFLX. Vetr upgraded shares of Netflix from a sell rating to a hold rating and set a $165.09 price objective on the stock in a report on Wednesday, August 16th. B. Riley reiterated a neutral rating on shares of Netflix in a report on Wednesday, November 1st. Rosenblatt Securities reiterated a buy rating and set a $200.00 price objective on shares of Netflix in a report on Wednesday, August 16th. Wedbush reiterated a hold rating and set a $190.00 price objective (up from $180.00) on shares of Netflix in a report on Wednesday, October 18th. Finally, Jefferies Group reissued a hold rating and set a $165.00 target price (down previously from $171.80) on shares of Netflix in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the stock. Netflix currently has a consensus rating of Buy and a consensus price target of $209.65.
Netflix (NFLX) opened at $190.12 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20. Netflix has a 12 month low of $122.87 and a 12 month high of $204.38. The firm has a market cap of $82,028.51, a price-to-earnings ratio of 191.48, a PEG ratio of 5.63 and a beta of 1.33.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. Netflix’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter last year, the company posted $0.12 earnings per share. research analysts predict that Netflix will post 1.26 earnings per share for the current year.
In other news, CFO David B. Wells sold 1,000 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $187.94, for a total transaction of $187,940.00. Following the transaction, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at $187,940. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard N. Barton sold 700 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $188.81, for a total value of $132,167.00. Following the transaction, the director now directly owns 7,393 shares in the company, valued at $1,395,872.33. The disclosure for this sale can be found here. Insiders sold 325,985 shares of company stock worth $62,950,918 over the last quarter. 4.90% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC grew its holdings in Netflix by 0.6% during the second quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock worth $229,000 after acquiring an additional 10 shares during the period. Kalos Management Inc. increased its stake in Netflix by 0.7% in the 2nd quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock worth $242,000 after purchasing an additional 12 shares in the last quarter. Laurel Wealth Advisors Inc. increased its stake in Netflix by 1.6% in the 2nd quarter. Laurel Wealth Advisors Inc. now owns 3,452 shares of the Internet television network’s stock worth $515,000 after purchasing an additional 53 shares in the last quarter. Sii Investments Inc. WI increased its stake in Netflix by 2.1% in the 2nd quarter. Sii Investments Inc. WI now owns 3,075 shares of the Internet television network’s stock worth $460,000 after purchasing an additional 64 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its stake in Netflix by 2.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 3,103 shares of the Internet television network’s stock worth $464,000 after purchasing an additional 65 shares in the last quarter. 83.37% of the stock is currently owned by hedge funds and other institutional investors.
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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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