Netflix (NASDAQ:NFLX)‘s stock had its “hold” rating reiterated by research analysts at Jefferies Group in a research note issued to investors on Tuesday. They presently have a $312.00 price target on the Internet television network’s stock. Jefferies Group’s price target suggests a potential downside of 7.16% from the company’s previous close. Jefferies Group also issued estimates for Netflix’s Q2 2018 earnings at $0.83 EPS, Q3 2019 earnings at $1.06 EPS and Q1 2020 earnings at $2.09 EPS.
A number of other research analysts also recently issued reports on NFLX. Aegis reissued a “hold” rating and issued a $230.00 price target on shares of Netflix in a report on Monday. Monness Crespi & Hardt reissued a “buy” rating and issued a $350.00 price target (up from $300.00) on shares of Netflix in a report on Wednesday, April 11th. Buckingham Research boosted their price target on Netflix from $257.00 to $277.00 and gave the company a “neutral” rating in a report on Friday, April 13th. BMO Capital Markets reissued a “hold” rating and issued a $310.00 price target on shares of Netflix in a report on Monday. Finally, Cowen reissued a “buy” rating and issued a $325.00 price target (up from $275.00) on shares of Netflix in a report on Wednesday, April 11th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Netflix presently has a consensus rating of “Buy” and a consensus target price of $293.44.
Shares of Netflix stock traded up $28.28 on Tuesday, reaching $336.06. 33,809,887 shares of the stock were exchanged, compared to its average volume of 11,620,386. 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 has a twelve month low of $138.66 and a twelve month high of $338.62. The company has a market capitalization of $133,560.64, a price-to-earnings ratio of 268.85, a price-to-earnings-growth ratio of 4.21 and a beta of 0.99.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, April 16th. The Internet television network reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.01. Netflix had a return on equity of 20.08% and a net margin of 5.26%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue was up 40.3% compared to the same quarter last year. research analysts anticipate that Netflix will post 2.74 EPS for the current fiscal year.
In related news, CEO Reed Hastings sold 75,369 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 75,369 shares in the company, valued at $16,997,216.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A George Battle sold 10,716 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 2,575 shares of the company’s stock, valued at $665,611.75. The disclosure for this sale can be found here. Insiders have sold 442,200 shares of company stock valued at $119,779,880 over the last quarter. 4.90% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of NFLX. Duncker Streett & Co. Inc. grew its holdings in Netflix by 47.1% in the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock valued at $120,000 after buying an additional 200 shares in the last quarter. Buckingham Asset Management LLC grew its holdings in Netflix by 9.2% in the 4th quarter. Buckingham Asset Management LLC now owns 2,386 shares of the Internet television network’s stock valued at $458,000 after buying an additional 202 shares in the last quarter. CWA Asset Management Group LLC grew its holdings in Netflix by 8.5% in the 4th quarter. CWA Asset Management Group LLC now owns 2,700 shares of the Internet television network’s stock valued at $518,000 after buying an additional 211 shares in the last quarter. Hanseatic Management Services Inc. grew its holdings in Netflix by 3.6% in the 4th quarter. Hanseatic Management Services Inc. now owns 6,256 shares of the Internet television network’s stock valued at $1,201,000 after buying an additional 219 shares in the last quarter. Finally, Murphy Capital Management Inc. grew its holdings in Netflix by 5.4% in the 4th quarter. Murphy Capital Management Inc. now owns 4,316 shares of the Internet television network’s stock valued at $828,000 after buying an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 81.65% of the company’s stock.
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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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