Netflix (NFLX) Given a $90.00 Price Target at Morningstar

Netflix (NASDAQ:NFLX) has been assigned a $90.00 price objective by stock analysts at Morningstar in a research note issued to investors on Tuesday. The brokerage presently has a “sell” rating on the Internet television network’s stock. Morningstar’s target price would indicate a potential downside of 60.45% from the company’s current price.

A number of other brokerages also recently weighed in on NFLX. Credit Suisse Group set a $224.00 price target on Netflix and gave the stock a “neutral” rating in a research report on Monday, January 8th. BidaskClub downgraded Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Citigroup upped their target price on Netflix from $180.00 to $205.00 and gave the stock a “neutral” rating in a research note on Friday, October 13th. Vetr upgraded Netflix from a “buy” rating to a “strong-buy” rating and set a $214.83 target price for the company in a research note on Friday, December 22nd. Finally, Loop Capital increased their price target on Netflix from $237.00 to $241.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirty-five have assigned a buy rating to the company. Netflix presently has an average rating of “Buy” and a consensus target price of $228.64.

Netflix (NFLX) traded up $7.12 during trading hours on Tuesday, reaching $227.58. The company’s stock had a trading volume of 17,703,200 shares, compared to its average volume of 8,941,578. Netflix has a 1 year low of $137.03 and a 1 year high of $227.79. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $109,100.00, a PE ratio of 182.06, a price-to-earnings-growth ratio of 3.56 and a beta of 1.34.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 16th. The Internet television network reported $0.41 EPS for the quarter, meeting analysts’ consensus estimates of $0.41. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period in the previous year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 32.6% compared to the same quarter last year. equities analysts expect that Netflix will post 1.25 earnings per share for the current year.

In related news, General Counsel David A. Hyman sold 63,378 shares of Netflix stock in a transaction on Monday, October 30th. The shares were sold at an average price of $198.90, for a total value of $12,605,884.20. Following the transaction, the general counsel now directly owns 43,071 shares in the company, valued at approximately $8,566,821.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ann Mather sold 3,885 shares of Netflix stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $200.00, for a total transaction of $777,000.00. Following the completion of the transaction, the director now owns 1,015 shares in the company, valued at $203,000. 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 three months. Corporate insiders own 4.90% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Balentine LLC raised its stake in Netflix by 1,020.4% in the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after purchasing an additional 500 shares during the last quarter. Almanack Investment Partners LLC. purchased a new stake in shares of Netflix during the 2nd quarter worth about $101,000. Clean Yield Group purchased a new stake in shares of Netflix during the 1st quarter worth about $103,000. TD Capital Management LLC purchased a new stake in shares of Netflix during the 2nd quarter worth about $105,000. Finally, SRS Capital Advisors Inc. boosted its holdings in Netflix by 3,361.9% in the 1st quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after acquiring an additional 706 shares during the period. 83.27% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)