Piper Jaffray Companies restated their buy rating on shares of Netflix (NASDAQ:NFLX) in a research report sent to investors on Monday, January 8th. The firm currently has a $240.00 target price on the Internet television network’s stock.
A number of other brokerages also recently issued reports on NFLX. Loop Capital increased their price target on shares of Netflix from $228.00 to $242.00 and gave the stock a buy rating in a report on Tuesday, October 17th. Royal Bank of Canada reaffirmed an outperform rating and issued a $210.00 target price on shares of Netflix in a research note on Friday, October 6th. Buckingham Research reiterated a buy rating and set a $214.00 price target on shares of Netflix in a research report on Monday, October 9th. Argus reiterated a hold rating on shares of Netflix in a research report on Tuesday, October 10th. Finally, Goldman Sachs Group reiterated a buy rating and set a $235.00 price target (up from $200.00) on shares of Netflix in a research report on Friday, October 13th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company. Netflix currently has a consensus rating of Buy and a consensus target price of $236.86.
Netflix (NASDAQ:NFLX) opened at $270.30 on Monday. The firm has a market cap of $116,970.00, a PE ratio of 216.24, a P/E/G ratio of 3.99 and a beta of 1.34. Netflix has a 1 year low of $138.26 and a 1 year high of $286.81. The company has a current ratio of 1.40, a quick ratio of 1.20 and a debt-to-equity ratio of 1.81.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The business had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the prior year, the firm earned $0.15 earnings per share. The company’s revenue was up 32.6% compared to the same quarter last year. equities analysts forecast that Netflix will post 2.67 EPS for the current year.
In related news, CEO Reed Hastings sold 75,243 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $196.25, for a total transaction of $14,766,438.75. Following the sale, the chief executive officer now owns 75,243 shares in the company, valued at approximately $14,766,438.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard N. Barton sold 700 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $194.29, for a total value of $136,003.00. Following the sale, the director now owns 7,393 shares in the company, valued at approximately $1,436,385.97. The disclosure for this sale can be found here. Insiders have sold a total of 290,059 shares of company stock worth $60,085,334 in the last 90 days. 4.90% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the business. Balentine LLC grew its position in Netflix by 1,020.4% in the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after acquiring an additional 500 shares during the last quarter. Duncker Streett & Co. Inc. grew its position in Netflix by 47.1% in the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock valued at $120,000 after acquiring an additional 200 shares during the last quarter. Almanack Investment Partners LLC. bought a new position in Netflix in the 2nd quarter valued at $101,000. Aviance Capital Management LLC bought a new position in Netflix in the 2nd quarter valued at $137,000. Finally, Captrust Financial Advisors bought a new position in Netflix in the 2nd quarter valued at $139,000. 83.30% of the stock is currently 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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