Netflix, Inc. (NASDAQ:NFLX) has received a consensus recommendation of “Buy” from the fifty-two brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and thirty-four have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $211.74.
Several equities research analysts recently commented on NFLX shares. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $215.00 price objective on shares of Netflix in a research report on Monday, September 18th. Loop Capital boosted their price objective on shares of Netflix from $228.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, October 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $210.00 price objective on shares of Netflix in a research report on Friday, October 6th. KeyCorp reaffirmed a “buy” rating and issued a $190.00 price objective on shares of Netflix in a research report on Friday, August 25th. Finally, Buckingham Research reaffirmed a “buy” rating and issued a $214.00 price objective on shares of Netflix in a research report on Monday, October 9th.
In other Netflix news, insider Jonathan Friedland sold 3,622 shares of the business’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $194.89, for a total value of $705,891.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $179.89, for a total transaction of $359,780.00. Following the completion of the sale, the director now directly owns 7,930 shares of the company’s stock, valued at approximately $1,426,527.70. The disclosure for this sale can be found here. Insiders have sold a total of 249,518 shares of company stock valued at $48,810,613 in the last ninety days. 4.90% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC bought a new stake in shares of Netflix during the 2nd quarter worth approximately $1,045,000. Lincoln National Corp lifted its holdings in shares of Netflix by 7.0% during the 3rd 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 period. Calamos Advisors LLC lifted its holdings in shares of Netflix by 198.5% during the 2nd 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 period. Alps Advisors Inc. bought a new stake in shares of Netflix during the 2nd quarter worth approximately $262,000. Finally, BB&T Corp lifted its holdings in shares of Netflix by 20.0% during the 3rd 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 period. 83.27% of the stock is owned by hedge funds and other institutional investors.
Netflix (NFLX) opened at $188.62 on Friday. The firm has a market cap of $81,620.00, a price-to-earnings ratio of 188.91, a PEG ratio of 5.56 and a beta of 1.33. Netflix has a 52-week low of $123.60 and a 52-week high of $204.38. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a return on equity of 16.14% and a net margin of 4.34%. The company’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.12 earnings per share. research analysts anticipate that Netflix will post 1.26 EPS for the current year.
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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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