Morgan Stanley restated their overweight rating on shares of Netflix (NASDAQ:NFLX) in a report released on Thursday, Marketbeat reports. Morgan Stanley currently has a $255.00 target price on the Internet television network’s stock, up from their previous target price of $235.00.
Other equities analysts have also recently issued research reports about the stock. B. Riley reaffirmed a neutral rating on shares of Netflix in a research report on Wednesday, November 1st. Wedbush reaffirmed a hold rating and set a $190.00 price objective (up previously from $180.00) on shares of Netflix in a research report on Wednesday, October 18th. Cantor Fitzgerald reissued a buy rating and issued a $205.00 price target on shares of Netflix in a research report on Thursday, October 5th. Rosenblatt Securities reissued a buy rating and issued a $225.00 price target (up previously from $200.00) on shares of Netflix in a research report on Friday, October 6th. Finally, BMO Capital Markets reissued a market perform rating and issued a $205.00 price target (up previously from $195.00) on shares of Netflix in a research report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirty-five have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $213.56.
Netflix (NASDAQ:NFLX) traded up $0.13 during trading hours on Thursday, hitting $220.46. 10,257,129 shares of the company were exchanged, compared to its average volume of 6,720,000. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market cap of $95,400.00, a PE ratio of 222.69, a P/E/G ratio of 3.59 and a beta of 1.34. Netflix has a 1 year low of $137.03 and a 1 year high of $226.07.
In other Netflix news, Director Ann Mather sold 3,885 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $200.00, for a total value of $777,000.00. Following the sale, the director now owns 1,015 shares of the company’s stock, valued at $203,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel David A. Hyman sold 63,378 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $198.90, for a total transaction of $12,605,884.20. Following the completion of the sale, the general counsel now directly owns 43,071 shares in the company, valued at approximately $8,566,821.90. The disclosure for this sale can be found here. Insiders sold 341,551 shares of company stock worth $66,457,350 in the last ninety days. Insiders own 4.90% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in NFLX. Balentine LLC raised its position in shares of Netflix by 1,020.4% in the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after buying an additional 500 shares during the last quarter. Aviance Capital Management LLC acquired a new position in shares of Netflix in the second quarter valued at approximately $137,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Netflix in the third quarter valued at approximately $171,000. Grove Bank & Trust raised its position in shares of Netflix by 249.6% in the third quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock valued at $174,000 after buying an additional 684 shares during the last quarter. Finally, Harfst & Associates Inc. raised its position in shares of Netflix by 36.8% in the second quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock valued at $151,000 after buying an additional 273 shares during the last quarter. 83.27% of the stock is currently owned by institutional investors.
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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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