Netflix (NFLX) Given Hold Rating at Citigroup

Netflix (NASDAQ:NFLX)‘s stock had its “hold” rating restated by investment analysts at Citigroup in a research report issued on Tuesday. They currently have a $250.00 price target on the Internet television network’s stock. Citigroup’s price objective would suggest a potential upside of 0.28% from the stock’s current price.

NFLX has been the topic of a number of other reports. Stifel Nicolaus raised their target price on Netflix from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, October 12th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $225.00 target price (up from $210.00) on shares of Netflix in a report on Friday, October 13th. Vetr raised Netflix from a “hold” rating to a “buy” rating and set a $210.19 target price on the stock in a report on Thursday, October 19th. BidaskClub cut Netflix from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $266.00 target price (up from $224.00) on shares of Netflix in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirty-five have issued a buy rating to the company’s stock. Netflix currently has a consensus rating of “Buy” and a consensus price target of $230.86.

Netflix (NASDAQ NFLX) traded up $21.71 during midday trading on Tuesday, hitting $249.29. The stock had a trading volume of 21,646,732 shares, compared to its average volume of 8,941,578. The company has a market cap of $107,530.00, a PE ratio of 199.43, a price-to-earnings-growth ratio of 3.56 and a beta of 1.34. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. Netflix has a 12-month low of $137.03 and a 12-month high of $227.79.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 16th. The Internet television network reported $0.41 EPS for the quarter, hitting the Zacks’ consensus estimate 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 analysts’ expectations of $3.28 billion. During the same period last year, the firm earned $0.15 EPS. Netflix’s revenue for the quarter was up 32.6% compared to the same quarter last year. analysts expect that Netflix will post 1.25 EPS for the current fiscal year.

In related news, General Counsel David A. Hyman sold 63,378 shares of Netflix 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 completion of the transaction, the general counsel now owns 43,071 shares in the company, valued at $8,566,821.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Reed Hastings sold 75,243 shares of Netflix stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $196.25, for a total value of $14,766,438.75. Following the completion of the transaction, the chief executive officer now owns 75,243 shares of the company’s stock, valued at approximately $14,766,438.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 258,216 shares of company stock valued at $50,391,195. Company insiders own 4.90% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Balentine LLC grew its position in Netflix by 1,020.4% in the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after acquiring an additional 500 shares in the last quarter. Aviance Capital Management LLC purchased a new position in Netflix in the second quarter worth about $137,000. Steward Partners Investment Advisory LLC purchased a new position in Netflix in the third quarter worth about $171,000. Grove Bank & Trust grew its position in Netflix by 249.6% in the third quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock worth $174,000 after acquiring an additional 684 shares in the last quarter. Finally, Clear Perspective Advisors LLC grew its position in Netflix by 13.9% in the second quarter. Clear Perspective Advisors LLC now owns 1,228 shares of the Internet television network’s stock worth $183,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 83.27% of the company’s stock.

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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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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