Netflix (NASDAQ:NFLX) had its price target hoisted by investment analysts at Loop Capital from $325.00 to $330.00 in a report released on Tuesday. Loop Capital’s price objective would suggest a potential upside of 7.22% from the stock’s current price.
A number of other brokerages have also recently commented on NFLX. Piper Jaffray lifted their price objective on Netflix to $360.00 and gave the stock an “overweight” rating in a research note on Friday, March 9th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $340.00 price objective (up from $302.00) on shares of Netflix in a research note on Friday, March 9th. Stifel Nicolaus cut Netflix from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $283.00 to $325.00 in a research note on Tuesday, March 6th. Vetr cut Netflix from a “hold” rating to a “sell” rating and set a $300.13 price objective for the company. in a research note on Monday, March 26th. Finally, Guggenheim lifted their price objective on Netflix from $285.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, March 14th. Three 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 assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $283.04.
NASDAQ NFLX opened at $307.78 on Tuesday. The firm has a market capitalization of $135,240.03, a PE ratio of 246.22, a PEG ratio of 4.27 and a beta of 0.99. Netflix has a 52 week low of $138.66 and a 52 week high of $333.98. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.81.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, April 16th. The Internet television network reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.01. The company 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 business’s revenue for the quarter was up 40.3% on a year-over-year basis. During the same period last year, the firm earned $0.40 EPS. equities research analysts expect that Netflix will post 2.74 EPS for the current year.
In related news, CEO Reed Hastings sold 75,369 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $225.52, for a total transaction of $16,997,216.88. Following the sale, the chief executive officer now owns 75,369 shares in the company, valued at $16,997,216.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 700 shares of the company’s stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $283.39, for a total value of $198,373.00. Following the sale, the director now owns 7,393 shares in the company, valued at approximately $2,095,102.27. The disclosure for this sale can be found here. Insiders have sold 442,200 shares of company stock worth $119,779,880 in the last quarter. 4.90% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in NFLX. James Hambro & Partners acquired a new position in Netflix during the fourth quarter worth approximately $106,000. Duncker Streett & Co. Inc. increased its position in 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. Wagner Wealth Management LLC acquired a new position in Netflix during the fourth quarter worth approximately $125,000. Crewe Advisors LLC acquired a new position in Netflix during the fourth quarter worth approximately $149,000. Finally, Goodman Financial Corp acquired a new position in Netflix during the fourth quarter worth approximately $163,000. 81.65% of the stock is currently 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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