Netflix (NFLX) Upgraded by BidaskClub to Strong-Buy

BidaskClub upgraded shares of Netflix (NASDAQ:NFLX) from a buy rating to a strong-buy rating in a report published on Wednesday.

A number of other research analysts have also recently commented on NFLX. B. Riley restated a neutral rating on shares of Netflix in a research note on Wednesday, November 1st. SunTrust Banks set a $270.00 price target on Netflix and gave the stock a hold rating in a research note on Wednesday, February 14th. Barclays set a $285.00 price target on Netflix and gave the stock a buy rating in a research note on Tuesday, January 23rd. Wells Fargo & Co set a $285.00 price objective on Netflix and gave the company a buy rating in a research note on Tuesday, January 23rd. Finally, Vetr cut Netflix from a buy rating to a hold rating and set a $266.45 price objective on the stock. in a research note on Tuesday, February 6th. Three equities 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 company. Netflix has an average rating of Buy and a consensus target price of $240.15.

Netflix (NFLX) opened at $281.04 on Wednesday. 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 52 week low of $138.26 and a 52 week high of $286.81. The company has a market capitalization of $120,876.33, a price-to-earnings ratio of 224.83, a price-to-earnings-growth ratio of 3.82 and a beta of 1.04.

Netflix (NASDAQ:NFLX) last released its quarterly 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 return on equity of 17.20% and a net margin of 4.78%. The company had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the prior year, the firm earned $0.15 earnings per share. The firm’s revenue was up 32.6% compared to the same quarter last year. sell-side analysts predict that Netflix will post 2.73 EPS for the current fiscal year.

In other Netflix news, CEO Reed Hastings sold 91,861 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $189.03, for a total transaction of $17,364,484.83. Following the transaction, the chief executive officer now owns 91,861 shares of the company’s stock, valued at $17,364,484.83. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director A George Battle sold 10,716 shares of the firm’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 directly owns 2,575 shares in the company, valued at approximately $665,611.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 458,247 shares of company stock worth $111,056,137. Corporate insiders own 4.90% of the company’s stock.

Several hedge funds have recently modified their holdings of NFLX. Duncker Streett & Co. Inc. grew its holdings in shares of Netflix by 47.1% during the fourth 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. Buckingham Asset Management LLC grew its holdings in shares of Netflix by 9.2% during the fourth quarter. Buckingham Asset Management LLC now owns 2,386 shares of the Internet television network’s stock worth $458,000 after buying an additional 202 shares during the last quarter. CWA Asset Management Group LLC grew its holdings in shares of Netflix by 8.5% during the fourth quarter. CWA Asset Management Group LLC now owns 2,700 shares of the Internet television network’s stock worth $518,000 after buying an additional 211 shares during the last quarter. Hanseatic Management Services Inc. grew its holdings in shares of Netflix by 3.6% during the fourth quarter. Hanseatic Management Services Inc. now owns 6,256 shares of the Internet television network’s stock worth $1,201,000 after buying an additional 219 shares during the last quarter. Finally, Murphy Capital Management Inc. grew its holdings in shares of Netflix by 5.4% during the fourth quarter. Murphy Capital Management Inc. now owns 4,316 shares of the Internet television network’s stock worth $828,000 after buying an additional 220 shares during the last quarter. 82.23% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This news story was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of U.S. & international copyright law. The legal version of this news story can be read at https://www.dispatchtribunal.com/2018/02/22/netflix-nflx-upgraded-by-bidaskclub-to-strong-buy.html.

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)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply