Netflix (NASDAQ:NFLX) had its target price boosted by Monness Crespi & Hardt from $375.00 to $460.00 in a research report sent to investors on Tuesday, Marketbeat reports. The brokerage currently has a buy rating on the Internet television network’s stock.
Several other equities research analysts also recently weighed in on the company. Deutsche Bank raised Netflix from a hold rating to a buy rating and set a $125.00 price target on the stock in a research report on Friday, April 13th. Piper Jaffray Companies increased their price target on Netflix to $360.00 and gave the stock an overweight rating in a research report on Friday, March 9th. Zacks Investment Research downgraded Netflix from a buy rating to a hold rating in a research report on Wednesday, March 28th. UBS Group increased their price target on Netflix from $290.00 to $345.00 and gave the stock a buy rating in a research report on Monday, March 5th. Finally, Sanford C. Bernstein restated an outperform rating and set a $340.00 target price (up from $302.00) on shares of Netflix in a research report on Friday, March 9th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $300.45.
Shares of NFLX opened at $411.09 on Tuesday. The stock has a market cap of $181.16 billion, a price-to-earnings ratio of 328.87, a P/E/G ratio of 5.41 and a beta of 1.00. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.30 and a current ratio of 1.30. Netflix has a fifty-two week low of $144.25 and a fifty-two week high of $423.21.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, April 16th. The Internet television network reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.01. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.69 billion. Netflix had a return on equity of 19.11% and a net margin of 5.26%. The firm’s revenue for the quarter was up 40.3% compared to the same quarter last year. During the same period last year, the firm earned $0.40 EPS. analysts expect that Netflix will post 2.89 EPS for the current year.
In other news, Director Richard N. Barton sold 700 shares of Netflix stock in a transaction that occurred on Tuesday, April 24th. The shares were sold at an average price of $324.30, for a total transaction of $227,010.00. Following the sale, the director now owns 7,346 shares of the company’s stock, valued at approximately $2,382,307.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Reed Hastings sold 75,558 shares of Netflix stock in a transaction that occurred on Monday, April 23rd. The shares were sold at an average price of $324.71, for a total transaction of $24,534,438.18. Following the sale, the chief executive officer now directly owns 75,558 shares in the company, valued at approximately $24,534,438.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 287,982 shares of company stock worth $102,435,098. Corporate insiders own 4.29% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its position in shares of Netflix by 4.1% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 46,013 shares of the Internet television network’s stock valued at $8,833,000 after buying an additional 1,801 shares during the period. Navellier & Associates Inc increased its holdings in Netflix by 8.4% in the 4th quarter. Navellier & Associates Inc now owns 3,991 shares of the Internet television network’s stock valued at $766,000 after purchasing an additional 309 shares during the last quarter. Maryland Capital Management acquired a new stake in Netflix in the 4th quarter valued at approximately $249,000. Assetmark Inc. increased its holdings in Netflix by 1,148.5% in the 4th quarter. Assetmark Inc. now owns 14,395 shares of the Internet television network’s stock valued at $2,763,000 after purchasing an additional 13,242 shares during the last quarter. Finally, Pittenger & Anderson Inc. increased its holdings in Netflix by 14.3% in the 4th quarter. Pittenger & Anderson Inc. now owns 12,480 shares of the Internet television network’s stock valued at $2,396,000 after purchasing an additional 1,565 shares during the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.
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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