SunTrust Banks set a $270.00 price target on Netflix (NASDAQ:NFLX) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has a hold rating on the Internet television network’s stock. SunTrust Banks also issued estimates for Netflix’s Q1 2018 earnings at $0.61 EPS, Q2 2018 earnings at $0.70 EPS, Q3 2018 earnings at $0.75 EPS, Q4 2018 earnings at $0.70 EPS, FY2018 earnings at $2.77 EPS, FY2019 earnings at $4.45 EPS and FY2020 earnings at $6.54 EPS.
Other equities analysts have also issued research reports about the stock. Bank of America increased their price objective on shares of Netflix from $199.00 to $225.00 in a research report on Tuesday, October 17th. Buckingham Research increased their price objective on shares of Netflix from $214.00 to $235.00 and gave the company a buy rating in a research report on Tuesday, October 17th. KeyCorp reiterated a buy rating and set a $230.00 price objective on shares of Netflix in a research report on Tuesday, October 17th. Morgan Stanley set a $235.00 price objective on shares of Netflix and gave the company a buy rating in a research report on Tuesday, October 17th. Finally, JPMorgan Chase & Co. set a $242.00 price objective on shares of Netflix and gave the company a buy rating in a research report on Tuesday, October 17th. Three 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 given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $239.39.
Netflix (NFLX) opened at $278.52 on Wednesday. The firm has a market cap of $120,110.00, a price-to-earnings ratio of 222.82, a P/E/G ratio of 3.85 and a beta of 1.04. Netflix has a 52 week low of $138.26 and a 52 week 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.
Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. The company had revenue of $3.29 billion during the quarter, compared to analysts’ expectations 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 period last year, the company posted $0.15 earnings per share. equities analysts predict that Netflix will post 2.73 EPS for the current fiscal year.
In other Netflix news, insider Gregory K. Peters sold 9,009 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $275.00, for a total transaction of $2,477,475.00. Following the transaction, the insider now owns 22,099 shares of the company’s stock, valued at approximately $6,077,225. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leslie J. Kilgore sold 630 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $279.00, for a total transaction of $175,770.00. Following the transaction, the director now directly owns 35,826 shares in the company, valued at approximately $9,995,454. The disclosure for this sale can be found here. Insiders have sold a total of 469,901 shares of company stock worth $107,797,603 in the last three months. Insiders own 4.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Balentine LLC grew its position in shares of Netflix by 1,020.4% in the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after buying an additional 500 shares during the last quarter. James Hambro & Partners purchased a new position in shares of Netflix in the 4th quarter worth approximately $106,000. Duncker Streett & Co. Inc. grew its position in shares of Netflix by 47.1% in the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after buying an additional 200 shares during the last quarter. Crewe Advisors LLC purchased a new position in shares of Netflix in the 4th quarter worth approximately $149,000. Finally, Goodman Financial Corp purchased a new position in shares of Netflix in the 4th quarter worth approximately $163,000. 82.38% of the stock is currently owned by institutional investors and hedge funds.
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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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