Netflix (NASDAQ:NFLX)‘s stock had its “buy” rating reissued by research analysts at Jefferies Financial Group in a research note issued on Friday, July 10th, Briefing.com Automated Import reports. They presently have a $550.00 price target on the Internet television network’s stock, up from their prior price target of $520.00. Jefferies Financial Group’s price objective would suggest a potential upside of 4.29% from the company’s current price.
Several other research firms also recently issued reports on NFLX. ValuEngine downgraded Netflix from a “buy” rating to a “hold” rating in a research report on Friday, April 24th. Imperial Capital upped their target price on Netflix from $485.00 to $489.00 and gave the company an “outperform” rating in a research report on Thursday, June 18th. Wedbush upped their target price on Netflix from $194.00 to $198.00 and gave the company an “underperform” rating in a research report on Wednesday, April 22nd. Goldman Sachs Group reissued a “buy” rating and issued a $670.00 target price (up from $540.00) on shares of Netflix in a research report on Friday, July 10th. Finally, Raymond James downgraded Netflix from a “strong-buy” rating to an “outperform” rating and increased their price target for the stock from $415.00 to $480.00 in a research report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $474.54.
Shares of NFLX opened at $527.39 on Friday. Netflix has a 12 month low of $252.28 and a 12 month high of $575.37. The stock has a fifty day moving average price of $456.60 and a 200-day moving average price of $395.81. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.69. The firm has a market cap of $231.95 billion, a PE ratio of 106.76, a P/E/G ratio of 2.70 and a beta of 0.96.
Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 16th. The Internet television network reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.22). Netflix had a net margin of 10.43% and a return on equity of 30.83%. During the same period last year, the company earned $0.60 earnings per share. As a group, research analysts forecast that Netflix will post 6.46 EPS for the current year.
In other news, CEO Reed Hastings sold 54,369 shares of the firm’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $438.69, for a total value of $23,851,136.61. Following the transaction, the chief executive officer now directly owns 54,369 shares in the company, valued at approximately $23,851,136.61. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gregory K. Peters sold 7,251 shares of the firm’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $575.00, for a total transaction of $4,169,325.00. Following the completion of the transaction, the insider now owns 20,341 shares in the company, valued at $11,696,075. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 203,050 shares of company stock worth $93,467,738. Insiders own 3.40% of the company’s stock.
Large investors have recently modified their holdings of the stock. AlphaCore Capital LLC acquired a new position in Netflix during the 1st quarter valued at about $29,000. Archer Investment Corp acquired a new position in Netflix during the 4th quarter valued at about $30,000. Engrave Wealth Partners LLC increased its stake in Netflix by 65.0% during the 2nd quarter. Engrave Wealth Partners LLC now owns 66 shares of the Internet television network’s stock valued at $30,000 after buying an additional 26 shares during the period. Motco increased its stake in Netflix by 57.1% during the 2nd quarter. Motco now owns 66 shares of the Internet television network’s stock valued at $30,000 after buying an additional 24 shares during the period. Finally, Lucia Wealth Services LLC increased its stake in Netflix by 325.0% during the 1st quarter. Lucia Wealth Services LLC now owns 85 shares of the Internet television network’s stock valued at $32,000 after buying an additional 65 shares during the period. Hedge funds and other institutional investors own 82.30% of the company’s stock.
Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
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