Netflix (NASDAQ:NFLX)‘s stock had its “hold” rating restated by equities research analysts at B. Riley in a research note issued on Friday, January 19th, Marketbeat.com reports. They currently have a $211.00 price objective on the Internet television network’s stock. B. Riley’s price objective points to a potential downside of 18.20% from the company’s previous close. B. Riley also issued estimates for Netflix’s FY2017 earnings at $1.24 EPS, FY2018 earnings at $2.06 EPS, FY2019 earnings at $3.28 EPS and FY2020 earnings at $4.97 EPS.
A number of other research firms have also weighed in on NFLX. Vetr lowered Netflix from a “buy” rating to a “hold” rating and set a $229.01 price objective on the stock. in a research report on Monday, January 15th. KeyCorp reaffirmed an “overweight” rating and set a $270.00 price objective (up previously from $230.00) on shares of Netflix in a research report on Friday, January 19th. Wedbush set a $93.00 target price on Netflix and gave the company a “sell” rating in a report on Friday, January 19th. Goldman Sachs Group set a $315.00 target price on Netflix and gave the company a “buy” rating in a report on Friday, January 19th. Finally, UBS Group reaffirmed a “buy” rating and set a $265.00 price objective (up previously from $225.00) on shares of Netflix in a report on Friday, January 19th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $237.39.
Shares of Netflix (NASDAQ NFLX) traded up $8.48 during trading on Friday, hitting $257.95. The stock had a trading volume of 8,518,264 shares, compared to its average volume of 11,070,000. Netflix has a fifty-two week low of $138.26 and a fifty-two week high of $286.81. The firm has a market cap of $111,940.00, a PE ratio of 206.36, a P/E/G ratio of 3.48 and a beta of 1.04. The company has a current ratio of 1.40, a quick ratio of 1.40 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 analysts’ consensus estimates of $0.41. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the prior year, the firm posted $0.15 earnings per share. The firm’s quarterly revenue was up 32.6% on a year-over-year basis. research analysts forecast that Netflix will post 2.69 earnings per share for the current fiscal year.
In other Netflix news, Director Richard N. Barton sold 700 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 7,393 shares in the company, valued at approximately $1,436,385.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Theodore A. Sarandos sold 163,747 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $262.91, for a total transaction of $43,050,723.77. Following the transaction, the insider now owns 23,953 shares in the company, valued at approximately $6,297,483.23. The disclosure for this sale can be found here. Insiders have sold 459,885 shares of company stock worth $105,163,627 in the last 90 days. 4.90% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new stake in shares of Netflix during the 2nd quarter worth $1,045,000. Lincoln National Corp boosted 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 buying an additional 268 shares during the period. BB&T Corp boosted 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 buying an additional 642 shares during the period. Mizuho Securities USA LLC bought a new stake in shares of Netflix during the 3rd quarter worth $9,793,000. Finally, AGF Investments Inc. bought a new stake in shares of Netflix during the 3rd quarter worth $60,036,000. Institutional investors own 82.38% of the company’s stock.
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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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