Netflix (NASDAQ:NFLX) has been given a $236.00 price objective by equities research analysts at Jefferies Group in a research report issued on Tuesday. The firm currently has a “neutral” rating on the Internet television network’s stock. Jefferies Group’s price target would suggest a potential downside of 5.71% from the stock’s current price.
NFLX has been the topic of several other reports. Credit Suisse Group set a $224.00 price objective on shares of Netflix and gave the stock a “neutral” rating in a report on Monday, January 8th. BidaskClub lowered shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Citigroup raised their price target on shares of Netflix from $180.00 to $205.00 and gave the company a “neutral” rating in a report on Friday, October 13th. Vetr upgraded shares of Netflix from a “buy” rating to a “strong-buy” rating and set a $214.83 price target on the stock in a report on Friday, December 22nd. Finally, Loop Capital raised their price target on shares of Netflix from $237.00 to $241.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirty-five have assigned a buy rating to the stock. Netflix has an average rating of “Buy” and a consensus price target of $231.76.
Shares of Netflix (NASDAQ:NFLX) traded up $22.71 during mid-day trading on Tuesday, hitting $250.29. 27,636,753 shares of the stock traded hands, compared to its average volume of 7,130,000. The stock has a market cap of $108,310.00, a price-to-earnings ratio of 200.23, a P/E/G ratio of 3.56 and a beta of 1.34. Netflix has a 1-year low of $137.03 and a 1-year high of $257.71. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.28 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The company’s revenue was up 32.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 EPS. equities analysts expect that Netflix will post 1.25 earnings per share for the current year.
In other news, Director Richard N. Barton sold 700 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $197.38, for a total transaction of $138,166.00. Following the completion of the sale, the director now owns 7,362 shares of the company’s stock, valued at $1,453,111.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Reed Hastings sold 91,861 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $189.03, for a total transaction of $17,364,484.83. Following the sale, the chief executive officer now directly owns 91,861 shares of the company’s stock, valued at approximately $17,364,484.83. The disclosure for this sale can be found here. Insiders have sold 333,585 shares of company stock valued at $67,388,412 in the last three months. Corporate insiders own 4.90% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. lifted its stake in Netflix by 47.1% during the fourth quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after purchasing an additional 200 shares during the last quarter. CENTRAL TRUST Co lifted its stake in Netflix by 844.7% during the fourth quarter. CENTRAL TRUST Co now owns 8,833 shares of the Internet television network’s stock worth $1,696,000 after purchasing an additional 7,898 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in Netflix during the fourth quarter worth $739,000. California Capital Advisors Inc. lifted its stake in Netflix by 3.7% during the fourth quarter. California Capital Advisors Inc. now owns 8,126 shares of the Internet television network’s stock worth $1,560,000 after purchasing an additional 288 shares during the last quarter. Finally, UMB Bank N A MO lifted its stake in Netflix by 123.5% during the fourth quarter. UMB Bank N A MO now owns 3,731 shares of the Internet television network’s stock worth $716,000 after purchasing an additional 2,062 shares during the last quarter. 83.27% of the stock is owned by institutional investors and hedge funds.
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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.