Loop Capital Boosts Netflix (NASDAQ:NFLX) Price Target to $241.00

Netflix (NASDAQ:NFLX) had its target price raised by Loop Capital from $237.00 to $241.00 in a research report released on Tuesday, January 2nd, MarketBeat Ratings reports. The firm currently has a buy rating on the Internet television network’s stock.

A number of other equities research analysts also recently issued reports on the stock. Macquarie raised shares of Netflix from a neutral rating to an outperform rating and upped their price objective for the stock from $200.00 to $220.00 in a research report on Tuesday, January 2nd. Vetr downgraded shares of Netflix from a strong-buy rating to a buy rating and set a $208.27 target price for the company. in a research report on Tuesday, December 26th. Zacks Investment Research raised shares of Netflix from a hold rating to a buy rating and set a $213.00 target price for the company in a research report on Tuesday, December 19th. Evercore ISI began coverage on shares of Netflix in a research report on Wednesday, December 6th. They set an in-line rating and a $210.00 target price for the company. Finally, Monness Crespi & Hardt began coverage on shares of Netflix in a research report on Monday, December 4th. They set a buy rating and a $250.00 target price for the company. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-six have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $211.77.

Netflix (NASDAQ NFLX) traded up $3.99 on Tuesday, hitting $221.23. 8,188,580 shares of the company were exchanged, compared to its average volume of 6,460,000. Netflix has a 12 month low of $130.58 and a 12 month high of $222.55. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47. The firm has a market cap of $95,730.00, a price-to-earnings ratio of 223.46, a PEG ratio of 3.53 and a beta of 1.34.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data 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). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 30.3% on a year-over-year basis. sell-side analysts predict that Netflix will post 1.25 earnings per share for the current fiscal year.

In related news, insider Jonathan Friedland sold 995 shares of Netflix stock in a transaction on Friday, January 12th. The shares were sold at an average price of $219.92, for a total value of $218,820.40. Following the transaction, the insider now owns 1,016 shares in the company, valued at approximately $223,438.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard N. Barton sold 350 shares of Netflix stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $185.71, for a total transaction of $64,998.50. Following the completion of the transaction, the director now owns 7,171 shares in the company, valued at approximately $1,331,726.41. The disclosure for this sale can be found here. In the last quarter, insiders sold 341,102 shares of company stock worth $66,275,397. 4.90% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Covenant Asset Management LLC grew its holdings in Netflix by 1.6% in the 4th quarter. Covenant Asset Management LLC now owns 15,373 shares of the Internet television network’s stock worth $2,951,000 after acquiring an additional 238 shares during the last quarter. Broadleaf Partners LLC bought a new stake in Netflix in the 4th quarter worth $2,799,000. Appleton Partners Inc. MA grew its holdings in Netflix by 2.3% in the 4th quarter. Appleton Partners Inc. MA now owns 12,420 shares of the Internet television network’s stock worth $2,384,000 after acquiring an additional 275 shares during the last quarter. Crow Point Partners LLC grew its holdings in Netflix by 190.3% in the 4th quarter. Crow Point Partners LLC now owns 3,007 shares of the Internet television network’s stock worth $579,000 after acquiring an additional 1,971 shares during the last quarter. Finally, DnB Asset Management AS grew its holdings in Netflix by 2.2% in the 4th quarter. DnB Asset Management AS now owns 45,933 shares of the Internet television network’s stock worth $8,817,000 after acquiring an additional 981 shares during the last quarter. 83.27% of the stock is currently owned by institutional investors and hedge funds.

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About Netflix

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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