Netflix’s (NFLX) “Overweight” Rating Reiterated at Morgan Stanley

Morgan Stanley reaffirmed their overweight rating on shares of Netflix (NASDAQ:NFLX) in a research report report published on Thursday, January 18th, MarketBeat.com reports. They currently have a $255.00 price objective on the Internet television network’s stock, up from their previous price objective of $235.00.

A number of other equities research analysts also recently commented on NFLX. Hanson reaffirmed a neutral rating and issued a $140.00 target price on shares of Netflix in a research report on Wednesday, September 20th. Royal Bank of Canada reaffirmed an outperform rating and issued a $210.00 target price on shares of Netflix in a research report on Wednesday, September 20th. Buckingham Research started coverage on shares of Netflix in a research report on Thursday, September 21st. They set a buy rating and a $214.00 price objective for the company. Wells Fargo & Co started coverage on shares of Netflix in a research report on Tuesday, September 26th. They set an outperform rating and a $230.00 price objective for the company. Finally, Vetr raised shares of Netflix from a sell rating to a hold rating and set a $183.92 price objective for the company in a research report on Thursday, September 28th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $237.49.

Shares of Netflix (NASDAQ:NFLX) opened at $257.95 on Thursday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40. Netflix has a 1 year low of $138.26 and a 1 year high of $286.81. The company has a market cap of $111,940.00, a P/E ratio of 206.36, a price-to-earnings-growth ratio of 3.48 and a beta of 1.04.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the previous year, the firm posted $0.15 EPS. The firm’s revenue was up 32.6% on a year-over-year basis. equities analysts expect that Netflix will post 2.69 earnings per share for the current year.

In other news, CFO David B. Wells sold 1,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $193.30, for a total transaction of $193,300.00. Following the sale, the chief financial officer now directly owns 1,000 shares in the company, valued at approximately $193,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Barton sold 700 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $194.29, for a total transaction of $136,003.00. Following the sale, the director now owns 7,393 shares in the company, valued at $1,436,385.97. The disclosure for this sale can be found here. Insiders have sold a total of 459,885 shares of company stock worth $105,163,627 over the last 90 days. Corporate insiders own 4.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Carnegie Capital Asset Management LLC purchased a new stake in Netflix in the 4th quarter worth about $248,000. Buckingham Asset Management LLC raised its position in Netflix by 9.2% in the 4th quarter. Buckingham Asset Management LLC now owns 2,386 shares of the Internet television network’s stock worth $458,000 after purchasing an additional 202 shares during the period. Advantage Investment Management LLC raised its position in Netflix by 927.4% in the 4th quarter. Advantage Investment Management LLC now owns 1,387 shares of the Internet television network’s stock worth $266,000 after purchasing an additional 1,252 shares during the period. ARK Investment Management LLC raised its position in Netflix by 47.0% in the 4th quarter. ARK Investment Management LLC now owns 139,238 shares of the Internet television network’s stock worth $26,728,000 after purchasing an additional 44,542 shares during the period. Finally, Financial Counselors Inc. raised its position in Netflix by 36.4% in the 4th quarter. Financial Counselors Inc. now owns 6,425 shares of the Internet television network’s stock worth $1,233,000 after purchasing an additional 1,714 shares during the period. Hedge funds and other 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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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