Netflix (NASDAQ:NFLX) received a $275.00 price objective from Morgan Stanley in a report released on Tuesday. The brokerage currently has a “buy” rating on the Internet television network’s stock. Morgan Stanley’s price objective would indicate a potential upside of 20.84% from the company’s current price.
A number of other brokerages also recently issued reports on NFLX. Jefferies Group set a $236.00 price target on Netflix and gave the stock a “neutral” rating in a research 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. Barclays set a $285.00 target price on Netflix and gave the stock a “buy” rating in a research note on Tuesday. Finally, B. Riley upped their target price on Netflix from $211.00 to $243.00 and gave the stock a “buy” rating in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirty-five have given a buy rating to the stock. Netflix currently has an average rating of “Buy” and a consensus price target of $228.64.
Shares of Netflix (NASDAQ NFLX) traded up $7.12 during trading hours on Tuesday, reaching $227.58. The company had a trading volume of 17,703,200 shares, compared to its average volume of 8,941,578. The firm has a market capitalization 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 1-year low of $137.03 and a 1-year high of $227.79. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 16th. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.41. The business had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.28 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The firm’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 earnings per share. sell-side analysts predict that Netflix will post 1.25 EPS for the current fiscal year.
In related news, Director Richard N. Barton sold 700 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $197.38, for a total value of $138,166.00. Following the transaction, the director now owns 7,362 shares of the company’s stock, valued at approximately $1,453,111.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel David A. Hyman sold 63,378 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $198.90, for a total transaction of $12,605,884.20. Following the completion of the transaction, the general counsel now directly owns 43,071 shares in the company, valued at approximately $8,566,821.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 258,216 shares of company stock valued at $50,391,195. 4.90% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in NFLX. Balentine LLC raised its holdings in shares of 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 purchasing an additional 500 shares during the period. Almanack Investment Partners LLC. bought a new stake in shares of Netflix in the 2nd quarter worth approximately $101,000. Clean Yield Group bought a new stake in shares of Netflix in the 1st quarter worth approximately $103,000. TD Capital Management LLC bought a new stake in shares of Netflix in the 2nd quarter worth approximately $105,000. Finally, Appropriate Balance Financial Services Inc. raised its holdings in shares of Netflix by 5.6% in the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 702 shares of the Internet television network’s stock worth $4,701,000 after purchasing an additional 37 shares during the period. 83.27% of the stock is currently owned by institutional investors and hedge funds.
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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.