Netflix (NASDAQ:NFLX) had its target price lifted by B. Riley from $211.00 to $243.00 in a report issued on Tuesday. The firm presently has a “buy” rating on the Internet television network’s stock. B. Riley’s price target would suggest a potential upside of 6.78% from the company’s current price. B. Riley also issued estimates for Netflix’s FY2019 earnings at $3.28 EPS and FY2020 earnings at $4.97 EPS.
Several other research analysts also recently weighed in on NFLX. Barclays set a $285.00 price target on Netflix and gave the company a “buy” rating in a report on Tuesday. Vetr downgraded Netflix from a “buy” rating to a “hold” rating and set a $234.16 price target for the company. in a report on Monday. BidaskClub upgraded Netflix from a “hold” rating to a “buy” rating in a report on Tuesday. SunTrust Banks set a $175.00 price target on Netflix and gave the company a “hold” rating in a report on Monday, October 16th. Finally, KeyCorp reiterated an “overweight” rating and issued a $270.00 price target (up from $230.00) on shares of Netflix in a report on Friday. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirty-six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $215.72.
Netflix (NASDAQ NFLX) opened at $227.58 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $98,480.00, a price-to-earnings ratio of 229.88, a price-to-earnings-growth ratio of 3.56 and a beta of 1.34. Netflix has a twelve month low of $137.03 and a twelve month high of $227.79.
In related news, Director Richard N. Barton sold 700 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $197.38, for a total transaction of $138,166.00. Following the sale, the director now owns 7,362 shares in the company, valued at $1,453,111.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel David A. Hyman sold 63,378 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $198.90, for a total transaction of $12,605,884.20. Following the sale, the general counsel now owns 43,071 shares in the company, valued at approximately $8,566,821.90. The disclosure for this sale can be found here. Insiders have sold 258,216 shares of company stock worth $50,391,195 in the last ninety days. Corporate insiders own 4.90% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NFLX. Capital Research Global Investors increased its stake in shares of Netflix by 3.6% in the third quarter. Capital Research Global Investors now owns 51,745,376 shares of the Internet television network’s stock valued at $5,099,507,000 after purchasing an additional 1,777,574 shares during the period. Vanguard Group Inc. increased its stake in shares of Netflix by 2.9% in the second quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock valued at $4,176,049,000 after purchasing an additional 789,190 shares during the period. BlackRock Inc. increased its stake in shares of Netflix by 1.7% in the second quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network’s stock valued at $3,834,416,000 after purchasing an additional 423,968 shares during the period. FMR LLC increased its stake in shares of Netflix by 12.4% in the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock valued at $3,531,042,000 after purchasing an additional 2,605,731 shares during the period. Finally, State Street Corp increased its stake in shares of Netflix by 2.7% in the first quarter. State Street Corp now owns 17,535,737 shares of the Internet television network’s stock valued at $2,591,946,000 after purchasing an additional 463,143 shares during the period. Hedge funds and other institutional investors own 83.27% of the company’s stock.
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About Netflix
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.
