Netflix PT Raised to $360.00 (NFLX)
Northland Capital Partners boosted their target price on shares of Netflix (NASDAQ:NFLX) from $300.00 to $360.00 in a research note issued on Thursday, Analyst Ratings.Net reports. The firm currently has a “market perform” rating on the stock. Northland Capital Partners’ price target suggests a potential upside of 9.01% from the stock’s previous close.
Netflix (NASDAQ:NFLX) opened at 330.24 on Thursday. Netflix has a 52 week low of $53.05 and a 52 week high of $314.18. The stock has a 50-day moving average of $270.9 and a 200-day moving average of $224.9. The company has a market cap of $19.458 billion and a price-to-earnings ratio of 411.26. Netflix also saw unusually large options trading on Monday. Stock traders bought 101,638 call options on the stock. This represents an increase of 195% compared to the average volume of 34,456 call options.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 21st. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $905.00 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, analysts predict that Netflix will post $1.52 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wedbush raised their price target on shares of Netflix from $80.00 to $140.00 in a research note to investors on Wednesday, October 16th. They now have an “underperform” rating on the stock. Separately, analysts at Hudson Square Research downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, October 16th. They noted that the move was a valuation call. Finally, analysts at Hanson initiated coverage on shares of Netflix in a research note to investors on Monday, October 14th. They set a “neutral” rating and a $320.00 price target on the stock. Six investment analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and seven have given a buy rating to the stock. Netflix has an average rating of “Hold” and an average price target of $299.58.
In other Netflix news, Director Leslie J. Kilgore sold 4,483 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $342.92, for a total value of $1,537,310.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Netflix, Inc (NASDAQ:NFLX), incorporated on August 29, 1997, is an Internet subscription service streaming television shows and movies.
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