Netflix (NFLX) Rating Reiterated by Morgan Stanley

Netflix (NASDAQ:NFLX)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Morgan Stanley in a research note issued on Thursday, MarketBeat reports. They presently have a $255.00 price target on the Internet television network’s stock, up from their prior price target of $235.00. Morgan Stanley’s price objective would suggest a potential upside of 15.67% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. Vetr raised shares of Netflix from a “hold” rating to a “buy” rating and set a $230.38 price target for the company in a research report on Tuesday, January 16th. UBS Group set a $250.00 price objective on shares of Netflix and gave the stock a “buy” rating in a report on Thursday, January 11th. Barclays initiated coverage on shares of Netflix in a report on Thursday, January 11th. They issued an “overweight” rating and a $245.00 price objective for the company. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $240.00 price objective on shares of Netflix in a report on Monday, January 8th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and issued a $250.00 price objective (up previously from $230.00) on shares of Netflix in a report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirty-five have assigned a buy rating to the stock. Netflix currently has a consensus rating of “Buy” and an average target price of $213.56.

Netflix (NASDAQ NFLX) traded up $0.13 during mid-day trading on Thursday, hitting $220.46. 10,257,129 shares of the stock were exchanged, compared to its average volume of 6,720,000. Netflix has a twelve month low of $137.03 and a twelve month high of $226.07. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market capitalization of $95,400.00, a P/E ratio of 222.69, a P/E/G ratio of 3.59 and a beta of 1.34.

In other Netflix news, Director Ann Mather sold 3,885 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $200.00, for a total value of $777,000.00. Following the sale, the director now directly owns 1,015 shares in the company, valued at $203,000. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard N. Barton sold 350 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $185.71, for a total transaction of $64,998.50. Following the completion of the sale, the director now owns 7,171 shares in the company, valued at $1,331,726.41. The disclosure for this sale can be found here. Over the last quarter, insiders sold 341,551 shares of company stock worth $66,457,350. 4.90% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC purchased a new position in Netflix in the 2nd quarter worth about $1,045,000. Lincoln National Corp increased its stake in Netflix by 7.0% in the 3rd quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock worth $742,000 after purchasing an additional 268 shares in the last quarter. BB&T Corp increased its stake in Netflix by 20.0% in the 3rd quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock worth $700,000 after purchasing an additional 642 shares in the last quarter. Mizuho Securities USA LLC purchased a new position in Netflix in the 3rd quarter worth about $9,793,000. Finally, AGF Investments Inc. purchased a new position in Netflix in the 3rd quarter worth about $60,036,000. 83.27% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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