Netflix (NASDAQ:NFLX) received a $275.00 price target from equities researchers at Macquarie in a report issued on Tuesday. The brokerage currently has a “buy” rating on the Internet television network’s stock. Macquarie’s target price indicates a potential upside of 20.84% from the company’s current price.
Other research analysts have also recently issued reports about the company. Jefferies Group set a $236.00 target price on Netflix and gave the company a “neutral” rating in a research note on Tuesday. Morgan Stanley set a $275.00 target price on Netflix and gave the stock 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 on the stock. in a research report on Monday. BidaskClub raised Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Barclays set a $285.00 target price on Netflix and gave the company a “buy” rating in a research report on Tuesday. Three investment 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 presently has an average rating of “Buy” and an average target price of $228.64.
Shares of Netflix (NASDAQ:NFLX) traded up $7.12 during mid-day trading on Tuesday, hitting $227.58. The company’s stock had a trading volume of 17,703,200 shares, compared to its average volume of 8,941,578. 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 company has a market cap of $109,100.00, a P/E ratio of 182.06, a P/E/G ratio of 3.56 and a beta of 1.34. Netflix has a 52 week low of $137.03 and a 52 week high of $227.79.
In other Netflix news, Director Richard N. Barton sold 350 shares of the 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 directly owns 7,171 shares in the company, valued at approximately $1,331,726.41. The sale was disclosed in a document filed with the SEC, which is accessible 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 value of $12,605,884.20. Following the sale, the general counsel now owns 43,071 shares of the company’s stock, valued at $8,566,821.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 258,216 shares of company stock valued at $50,391,195. 4.90% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of NFLX. Churchill Management lifted its position in Netflix by 1.0% in the 4th quarter. Churchill Management now owns 8,257 shares of the Internet television network’s stock valued at $944,000 after acquiring an additional 81 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Netflix during the 2nd quarter worth approximately $1,045,000. Gerstein Fisher lifted its position in shares of Netflix by 435.9% during the 3rd quarter. Gerstein Fisher now owns 12,941 shares of the Internet television network’s stock worth $1,336,000 after buying an additional 10,526 shares in the last quarter. BlackRock Fund Advisors lifted its position in shares of Netflix by 3.1% during the 3rd quarter. BlackRock Fund Advisors now owns 5,031,607 shares of the Internet television network’s stock worth $495,865,000 after buying an additional 152,692 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its position in shares of Netflix by 69.9% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 645,960 shares of the Internet television network’s stock worth $66,036,000 after buying an additional 265,678 shares in the last quarter. Institutional investors own 83.27% of the company’s stock.
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.
