Netflix (NFLX) Given “Outperform” Rating at William Blair

Netflix (NASDAQ:NFLX)‘s stock had its “outperform” rating reiterated by analysts at William Blair in a research report issued to clients and investors on Tuesday.

NFLX has been the topic of several other reports. Stifel Nicolaus lifted their price objective on Netflix from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, October 12th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $225.00 price objective (up from $210.00) on shares of Netflix in a research note on Friday, October 13th. Vetr raised Netflix from a “hold” rating to a “buy” rating and set a $210.19 price objective on the stock in a research note on Thursday, October 19th. BidaskClub lowered Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Finally, Credit Suisse Group set a $266.00 price objective on Netflix and gave the company a “neutral” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirty-five have issued a buy rating to the stock. Netflix presently has an average rating of “Buy” and an average target price of $222.29.

Shares of Netflix (NFLX) opened at $227.58 on Tuesday. 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 has a 52 week low of $137.03 and a 52 week high of $227.79. The stock has a market capitalization of $98,480.00, 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 released its quarterly earnings data on Tuesday, January 16th. The Internet television network reported $0.41 earnings per share for the quarter, meeting the 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 return on equity of 14.56% and a net margin of 4.04%. The company’s revenue was up 32.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. equities analysts predict that Netflix will post 1.25 earnings per share for the current year.

In other news, Director Ann Mather sold 3,885 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $200.00, for a total value of $777,000.00. Following the completion of the sale, the director now directly owns 1,015 shares in the company, valued at approximately $203,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Reed Hastings sold 91,861 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $189.03, for a total value of $17,364,484.83. Following the completion of the sale, the chief executive officer now owns 91,861 shares of the company’s stock, valued at $17,364,484.83. The disclosure for this sale can be found here. Insiders sold a total of 258,216 shares of company stock valued at $50,391,195 over the last quarter. Company insiders own 4.90% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in NFLX. Capital Research Global Investors boosted its position in Netflix by 3.6% during the 3rd quarter. Capital Research Global Investors now owns 51,745,376 shares of the Internet television network’s stock worth $5,099,507,000 after acquiring an additional 1,777,574 shares during the period. Vanguard Group Inc. boosted its position in Netflix by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock worth $4,176,049,000 after acquiring an additional 789,190 shares during the period. BlackRock Inc. boosted its position in Netflix by 1.7% during the 2nd quarter. BlackRock Inc. now owns 25,663,728 shares of the Internet television network’s stock worth $3,834,416,000 after acquiring an additional 423,968 shares during the period. FMR LLC boosted its position in Netflix by 12.4% during the 2nd quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after acquiring an additional 2,605,731 shares during the period. Finally, State Street Corp boosted its position in Netflix by 2.7% during the 1st quarter. State Street Corp now owns 17,535,737 shares of the Internet television network’s stock worth $2,591,946,000 after acquiring an additional 463,143 shares during the period. Institutional investors and hedge funds 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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