KeyCorp Reiterates Overweight Rating for Netflix (NASDAQ:NFLX)

KeyCorp restated their overweight rating on shares of Netflix (NASDAQ:NFLX) in a research note published on Friday, January 19th, Marketbeat Ratings reports. KeyCorp currently has a $270.00 price objective on the Internet television network’s stock, up from their previous price objective of $230.00. KeyCorp also issued estimates for Netflix’s Q1 2018 earnings at $0.53 EPS, Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.64 EPS and FY2018 earnings at $2.47 EPS.

Other research analysts have also recently issued reports about the company. Stifel Nicolaus raised 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. reaffirmed an overweight rating and issued a $225.00 target price (up from $210.00) on shares of Netflix in a research report on Friday, October 13th. Vetr raised Netflix from a hold rating to a buy rating and set a $210.19 target price for the company in a research report on Thursday, October 19th. BidaskClub cut Netflix from a buy rating to a hold rating in a research report on Saturday, December 2nd. Finally, Loop Capital raised their target price on Netflix from $237.00 to $241.00 and gave the stock a buy rating in a research report on Tuesday, January 2nd. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $239.39.

Shares of Netflix (NFLX) traded up $7.73 during trading on Friday, hitting $266.00. 10,970,000 shares of the stock traded hands, compared to its average volume of 11,070,000. The firm has a market capitalization of $115,430.00, a P/E ratio of 212.80, a price-to-earnings-growth ratio of 3.60 and a beta of 1.04. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.40 and a current ratio of 1.40. Netflix has a twelve month low of $138.26 and a twelve month high of $286.81.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.41. The business had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. Netflix’s quarterly revenue was up 32.6% on a year-over-year basis. During the same quarter last year, the company posted $0.15 earnings per share. analysts anticipate that Netflix will post 2.69 earnings per share for the current year.

In other news, Director Leslie J. Kilgore sold 630 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $279.00, for a total transaction of $175,770.00. Following the completion of the transaction, the director now directly owns 35,826 shares in the company, valued at approximately $9,995,454. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director A George Battle sold 10,716 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $258.49, for a total value of $2,769,978.84. Following the transaction, the director now owns 2,575 shares of the company’s stock, valued at $665,611.75. The disclosure for this sale can be found here. Insiders have sold a total of 470,601 shares of company stock valued at $107,933,606 over the last 90 days. Corporate insiders own 4.90% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Balentine LLC lifted its holdings in shares of Netflix by 1,020.4% during the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after purchasing an additional 500 shares in the last quarter. James Hambro & Partners bought a new position in shares of Netflix during the 4th quarter valued at about $106,000. Duncker Streett & Co. Inc. lifted its holdings in shares of Netflix by 47.1% during the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock valued at $120,000 after purchasing an additional 200 shares in the last quarter. Crewe Advisors LLC bought a new position in shares of Netflix during the 4th quarter valued at about $149,000. Finally, Goodman Financial Corp bought a new position in shares of Netflix during the 4th quarter valued at about $163,000. Institutional investors and hedge funds own 82.38% of the company’s stock.

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About Netflix

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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