Netflix (NASDAQ:NFLX) has been assigned a $250.00 price objective by Goldman Sachs Group in a report released on Friday. The brokerage presently has a “buy” rating on the Internet television network’s stock. Goldman Sachs Group’s price target would indicate a potential upside of 12.86% from the company’s current price.
NFLX has been the subject of a number of other research reports. Stifel Nicolaus boosted their target price on Netflix from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, October 12th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $225.00 price objective (up previously from $210.00) on shares of Netflix in a report on Friday, October 13th. Vetr upgraded Netflix from a “hold” rating to a “buy” rating and set a $210.19 price objective for the company in a report on Thursday, October 19th. BidaskClub downgraded Netflix from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Finally, Loop Capital upped their price objective on Netflix from $237.00 to $241.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirty-five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $211.91.
Shares of Netflix (NASDAQ:NFLX) opened at $221.52 on Friday. The firm has a market capitalization of $95,860.00, a price-to-earnings ratio of 223.76, a PEG ratio of 3.54 and a beta of 1.34. Netflix has a 52-week low of $137.03 and a 52-week high of $226.07. 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 (NASDAQ:NFLX) last released its 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 14.56% and a net margin of 4.04%. The company’s revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 EPS. research analysts forecast that Netflix will post 1.25 EPS for the current year.
In other news, Director Richard N. Barton sold 350 shares of the company’s stock in a transaction dated 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 directly owns 7,171 shares of the company’s stock, valued at $1,331,726.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jonathan Friedland sold 2,743 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $205.59, for a total value of $563,933.37. Following the transaction, the insider now directly owns 1,147 shares of the company’s stock, valued at $235,811.73. The disclosure for this sale can be found here. Insiders have sold 341,551 shares of company stock valued at $66,457,350 over the last ninety days. 4.90% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in shares of Netflix by 5.0% during the third quarter. Bank of New York Mellon Corp now owns 3,638,317 shares of the Internet television network’s stock worth $659,809,000 after buying an additional 172,229 shares during the period. Tybourne Capital Management HK Ltd. boosted its position in shares of Netflix by 3.6% during the second quarter. Tybourne Capital Management HK Ltd. now owns 2,400,536 shares of the Internet television network’s stock worth $358,664,000 after buying an additional 84,341 shares during the period. Janus Henderson Group PLC boosted its position in shares of Netflix by 3,478.1% during the second quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock worth $305,014,000 after buying an additional 1,984,404 shares during the period. Legal & General Group Plc boosted its position in shares of Netflix by 3.3% during the third quarter. Legal & General Group Plc now owns 1,855,088 shares of the Internet television network’s stock worth $336,420,000 after buying an additional 58,691 shares during the period. Finally, Swiss National Bank boosted its position in shares of Netflix by 1.0% during the third quarter. Swiss National Bank now owns 1,588,825 shares of the Internet television network’s stock worth $288,133,000 after buying an additional 16,300 shares during the period. 83.27% of the stock is owned by 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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