Netflix (NFLX) Given a $275.00 Price Target at Morgan Stanley

Morgan Stanley set a $275.00 target price on Netflix (NASDAQ:NFLX) in a research note published on Tuesday, January 23rd. The brokerage currently has a buy rating on the Internet television network’s stock.

Several other equities analysts also recently weighed in on NFLX. Credit Suisse Group set a $224.00 target price on Netflix and gave the company a neutral rating in a research report on Monday, January 8th. BidaskClub downgraded Netflix from a buy rating to a hold rating in a research report on Saturday, December 2nd. Citigroup boosted their price objective on Netflix from $180.00 to $205.00 and gave the company a neutral rating in a report on Friday, October 13th. Vetr upgraded Netflix from a buy rating to a strong-buy rating and set a $214.83 price objective for the company in a report on Friday, December 22nd. Finally, Wedbush reiterated an underperform rating and issued a $110.00 target price (up from $93.00) on shares of Netflix in a report on Tuesday, January 23rd. Three equities 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 issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $239.39.

Netflix (NASDAQ:NFLX) opened at $266.00 on Tuesday. Netflix has a 12-month low of $138.26 and a 12-month high of $286.81. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market capitalization of $115,430.00, a PE ratio of 212.80, a PEG ratio of 3.60 and a beta of 1.04.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, meeting the Zacks’ consensus estimate 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 previous year, the firm earned $0.15 EPS. The business’s quarterly revenue was up 32.6% on a year-over-year basis. sell-side analysts predict that Netflix will post 2.69 earnings per share for the current year.

In other news, 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 completion of the sale, the director now directly owns 2,575 shares of the company’s stock, valued at approximately $665,611.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leslie J. Kilgore sold 630 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $279.00, for a total value of $175,770.00. Following the completion of the sale, the director now directly owns 35,826 shares of the company’s stock, valued at $9,995,454. The disclosure for this sale can be found here. Over the last quarter, insiders sold 469,901 shares of company stock valued at $107,797,603. 4.90% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC increased its position in Netflix by 3,478.1% during the 2nd quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock worth $305,014,000 after purchasing an additional 1,984,404 shares during the period. SG Americas Securities LLC increased its position in Netflix by 103.9% during the 4th quarter. SG Americas Securities LLC now owns 25,426 shares of the Internet television network’s stock worth $4,881,000 after purchasing an additional 675,267 shares during the period. Winslow Capital Management LLC increased its position in Netflix by 495,050.8% during the 2nd quarter. Winslow Capital Management LLC now owns 623,890 shares of the Internet television network’s stock worth $93,216,000 after purchasing an additional 623,764 shares during the period. Tybourne Capital Management HK Ltd. increased its position in Netflix by 43.4% during the 4th quarter. Tybourne Capital Management HK Ltd. now owns 1,673,200 shares of the Internet television network’s stock worth $321,187,000 after purchasing an additional 506,700 shares during the period. Finally, Truepoint Inc. boosted its stake in shares of Netflix by 18,035.0% during the 3rd quarter. Truepoint Inc. now owns 402,416 shares of the Internet television network’s stock worth $402,000 after acquiring an additional 400,197 shares in the last quarter. Hedge funds and other institutional investors 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.

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