Netflix (NASDAQ:NFLX) had its target price raised by Piper Jaffray Companies from $281.00 to $319.00 in a report released on Wednesday. The brokerage presently has an “overweight” rating on the Internet television network’s stock. Piper Jaffray Companies’ target price would suggest a potential upside of 14.52% from the company’s current price.
Other equities research analysts have also issued reports about the company. Loop Capital restated a “buy” rating and set a $237.00 price target on shares of Netflix in a research note on Thursday, October 26th. Zacks Investment Research raised Netflix from a “hold” rating to a “buy” rating and set a $219.00 target price for the company in a research report on Monday, November 20th. Goldman Sachs Group set a $250.00 target price on Netflix and gave the stock a “buy” rating in a research report on Tuesday, November 28th. Bank of America upped their target price on Netflix from $225.00 to $199.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. Finally, MKM Partners upped their target price on Netflix from $230.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, November 30th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the stock. Netflix presently has an average rating of “Buy” and a consensus target price of $240.15.
Netflix (NASDAQ:NFLX) traded up $0.03 during trading on Wednesday, reaching $278.55. The company had a trading volume of 7,764,600 shares, compared to its average volume of 10,582,530. The firm has a market capitalization of $120,863.31, a price-to-earnings ratio of 222.84, a P/E/G ratio of 3.82 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 current ratio of 1.40 and a quick ratio of 1.40.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. The firm had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The business’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 earnings per share. equities research analysts forecast that Netflix will post 2.73 EPS for the current fiscal year.
In other news, Director Richard N. Barton sold 350 shares of Netflix stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $185.71, for a total transaction of $64,998.50. Following the transaction, the director now directly owns 7,171 shares in the company, valued at approximately $1,331,726.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director A George Battle sold 10,716 shares of Netflix stock in a transaction on Tuesday, February 13th. The shares were 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 in the company, valued at $665,611.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 393,658 shares of company stock worth $92,837,864. 4.90% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. Balentine LLC boosted its stake 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 worth $100,000 after acquiring an additional 500 shares in the last quarter. James Hambro & Partners bought a new stake in shares of Netflix during the 4th quarter worth $106,000. Duncker Streett & Co. Inc. boosted its stake 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 worth $120,000 after acquiring an additional 200 shares in the last quarter. Crewe Advisors LLC bought a new stake in shares of Netflix during the 4th quarter worth $149,000. Finally, Goodman Financial Corp bought a new stake in shares of Netflix during the 4th quarter worth $163,000. Institutional investors own 82.23% 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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