Netflix (NASDAQ:NFLX) had its target price raised by Loop Capital from $237.00 to $241.00 in a research report issued on Tuesday. The firm presently has a “buy” rating on the Internet television network’s stock. Loop Capital’s price objective suggests a potential upside of 21.14% from the company’s current price.
A number of other research firms have also recently weighed in on NFLX. SunTrust Banks set a $175.00 target price on shares of Netflix and gave the stock a “hold” rating in a research note on Monday, October 16th. Jefferies Group set a $190.00 target price on shares of Netflix and gave the stock a “neutral” rating in a research note on Tuesday, October 17th. Wedbush set a $93.00 target price on shares of Netflix and gave the stock a “sell” rating in a research note on Tuesday, October 17th. FBR & Co reaffirmed a “buy” rating and set a $207.00 target price (up previously from $172.00) on shares of Netflix in a research note on Tuesday, October 17th. Finally, Royal Bank of Canada boosted their target price on shares of Netflix from $210.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirty-five have given a buy rating to the stock. Netflix presently has a consensus rating of “Buy” and an average target price of $209.96.
Shares of Netflix (NFLX) traded up $6.98 on Tuesday, reaching $198.94. 1,902,753 shares of the company’s stock traded hands, compared to its average volume of 6,591,573. Netflix has a 1-year low of $123.60 and a 1-year high of $204.38. The firm has a market capitalization of $83,067.07, a P/E ratio of 200.95, a P/E/G ratio of 5.72 and a beta of 1.34. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47.
In other news, insider Jonathan Friedland sold 3,617 shares of the stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $203.35, for a total transaction of $735,516.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Reed Hastings sold 91,861 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $189.03, for a total transaction of $17,364,484.83. Following the transaction, the chief executive officer now directly owns 91,861 shares of the company’s stock, valued at $17,364,484.83. The disclosure for this sale can be found here. Insiders have sold a total of 340,379 shares of company stock valued at $66,005,098 over the last three months. Insiders own 4.90% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Balentine LLC boosted its holdings in Netflix by 1,020.4% in the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after buying an additional 500 shares during the period. Almanack Investment Partners LLC. bought a new position in Netflix in the 2nd quarter valued at $101,000. Clean Yield Group bought a new position in Netflix in the 1st quarter valued at $103,000. TD Capital Management LLC bought a new position in Netflix in the 2nd quarter valued at $105,000. Finally, SRS Capital Advisors Inc. boosted its holdings in Netflix by 3,361.9% in the 1st quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock valued at $107,000 after purchasing an additional 706 shares during the period. 83.27% of the stock is owned by institutional investors.
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Netflix Company Profile
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
