Netflix (NASDAQ:NFLX) had its price objective lifted by Robert W. Baird from $280.00 to $300.00 in a research report issued to clients and investors on Tuesday. The brokerage presently has a “neutral” rating on the Internet television network’s stock. Robert W. Baird’s price objective suggests a potential downside of 8.74% from the company’s current price.
NFLX has been the subject of several other research reports. Vetr cut Netflix from a “hold” rating to a “sell” rating and set a $266.74 price target for the company. in a report on Thursday, February 22nd. Raymond James Financial raised their price target on Netflix from $290.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, April 10th. Credit Suisse Group restated a “neutral” rating and set a $266.00 price target (up previously from $224.00) on shares of Netflix in a report on Tuesday, January 23rd. Loop Capital raised their price target on Netflix from $237.00 to $241.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. Finally, Buckingham Research restated a “neutral” rating and set a $251.00 price target (up previously from $235.00) on shares of Netflix in a report on Thursday, January 18th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $293.22.
NFLX traded up $20.94 on Tuesday, hitting $328.72. 10,672,726 shares of the company’s stock traded hands, compared to its average volume of 11,347,278. The company has a market capitalization of $135,240.03, a PE ratio of 263.46, a price-to-earnings-growth ratio of 4.27 and a beta of 0.99. Netflix has a one year low of $138.66 and a one year high of $333.98. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.81.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, April 16th. The Internet television network reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.01. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The firm’s revenue for the quarter was up 40.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 EPS. equities research analysts predict that Netflix will post 2.74 earnings per share for the current year.
In other Netflix news, insider Gregory K. Peters sold 8,358 shares of Netflix stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $255.20, for a total transaction of $2,132,961.60. Following the completion of the sale, the insider now directly owns 21,448 shares of the company’s stock, valued at approximately $5,473,529.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Reed Hastings sold 75,369 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $225.52, for a total value of $16,997,216.88. Following the completion of the transaction, the chief executive officer now directly owns 75,369 shares of the company’s stock, valued at $16,997,216.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 442,200 shares of company stock valued at $119,779,880. 4.90% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in NFLX. Dimensional Fund Advisors LP raised its position in shares of Netflix by 3.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 571,151 shares of the Internet television network’s stock worth $103,576,000 after acquiring an additional 18,721 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of Netflix in the 3rd quarter worth $171,000. Atlantic Trust Group LLC bought a new position in shares of Netflix in the 3rd quarter worth $4,025,000. Prudential Financial Inc. raised its position in shares of Netflix by 5.6% in the 3rd quarter. Prudential Financial Inc. now owns 630,966 shares of the Internet television network’s stock worth $114,425,000 after acquiring an additional 33,237 shares in the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd bought a new position in shares of Netflix in the 4th quarter worth $653,000. 81.65% of the stock is owned by hedge funds and other institutional investors.
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Netflix Company Profile
Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.
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