Netflix (NASDAQ:NFLX) had its target price lifted by Bank of America from $300.00 to $347.00 in a research report report published on Tuesday morning. The brokerage currently has a buy rating on the Internet television network’s stock.
NFLX has been the subject of several other research reports. Vetr lowered Netflix from a hold rating to a sell rating and set a $266.74 target price for the company. in a research report on Thursday, February 22nd. Raymond James increased their target price on Netflix from $290.00 to $330.00 and gave the stock an outperform rating in a research report on Tuesday, April 10th. Credit Suisse Group reaffirmed a neutral rating and set a $266.00 price objective (up previously from $224.00) on shares of Netflix in a research report on Tuesday, January 23rd. Loop Capital raised their price objective on Netflix from $237.00 to $241.00 and gave the company a buy rating in a research report on Tuesday, January 2nd. Finally, Buckingham Research reaffirmed a neutral rating and set a $251.00 price objective (up previously from $235.00) on shares of Netflix in a research report on Thursday, January 18th. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirty-two 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 an average target price of $293.44.
Shares of NASDAQ:NFLX opened at $327.77 on Tuesday. Netflix has a 52-week low of $140.90 and a 52-week high of $338.82. The company has a market capitalization of $144,610.50, a PE ratio of 262.22, a PEG ratio of 4.33 and a beta of 0.99. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.30 and a quick ratio of 1.40.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, April 16th. The Internet television network reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.01. Netflix had a return on equity of 19.11% and a net margin of 5.26%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the company earned $0.40 EPS. The business’s revenue was up 40.3% compared to the same quarter last year. equities research analysts forecast that Netflix will post 2.88 EPS for the current year.
In other Netflix news, CEO Reed Hastings sold 75,369 shares of the firm’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 directly owns 75,369 shares of the company’s stock, valued at $16,997,216.88. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gregory K. Peters sold 9,618 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $325.00, for a total value of $3,125,850.00. The disclosure for this sale can be found here. Insiders have sold 442,200 shares of company stock worth $119,779,880 over the last quarter. 4.90% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. raised its holdings in Netflix by 4.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 46,013 shares of the Internet television network’s stock valued at $8,833,000 after acquiring an additional 1,801 shares during the period. Navellier & Associates Inc raised its holdings in Netflix by 8.4% during the fourth quarter. Navellier & Associates Inc now owns 3,991 shares of the Internet television network’s stock valued at $766,000 after acquiring an additional 309 shares during the period. Assetmark Inc. raised its holdings in Netflix by 1,148.5% during the fourth quarter. Assetmark Inc. now owns 14,395 shares of the Internet television network’s stock valued at $2,763,000 after acquiring an additional 13,242 shares during the period. Maryland Capital Management bought a new stake in Netflix during the fourth quarter valued at about $249,000. Finally, Pittenger & Anderson Inc. raised its holdings in Netflix by 14.3% during the fourth quarter. Pittenger & Anderson Inc. now owns 12,480 shares of the Internet television network’s stock valued at $2,396,000 after acquiring an additional 1,565 shares during the period. 81.65% of the stock is currently owned by institutional investors and hedge funds.
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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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