Netflix (NASDAQ:NFLX) had its price objective raised by investment analysts at Robert W. Baird from $190.00 to $240.00 in a research report issued on Wednesday. The firm presently has a “neutral” rating on the Internet television network’s stock. Robert W. Baird’s price objective would suggest a potential downside of 12.60% from the stock’s previous close.
NFLX has been the subject of a number of other research reports. Stifel Nicolaus increased their price target on Netflix from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, October 12th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $225.00 price target (up previously from $210.00) on shares of Netflix in a research note on Friday, October 13th. Vetr upgraded Netflix from a “hold” rating to a “buy” rating and set a $210.19 price target for the company 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 reiterated a “neutral” rating and issued a $266.00 price target (up previously from $224.00) on shares of Netflix in a research note on Tuesday, January 23rd. Three equities research 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 stock. The company has an average rating of “Buy” and an average price target of $235.36.
Shares of Netflix (NASDAQ:NFLX) traded up $4.90 during mid-day trading on Wednesday, reaching $274.60. The company’s stock had a trading volume of 10,841,105 shares, compared to its average volume of 8,870,000. Netflix has a 1-year low of $138.26 and a 1-year high of $274.60. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.20. The stock has a market cap of $118,830.00, a price-to-earnings ratio of 219.68, a PEG ratio of 3.85 and a beta of 1.34.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.41. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the prior year, the business posted $0.15 EPS. Netflix’s revenue for the quarter was up 32.6% compared to the same quarter last year. equities analysts anticipate that Netflix will post 2.63 earnings per share for the current fiscal year.
In related news, Director Richard N. Barton sold 350 shares of the stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $263.00, for a total value of $92,050.00. Following the completion of the transaction, the director now owns 7,332 shares of the company’s stock, valued at approximately $1,928,316. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 stock was sold at an average price of $198.90, for a total transaction of $12,605,884.20. Following the completion of the sale, the general counsel now directly owns 43,071 shares of the company’s stock, valued at approximately $8,566,821.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 344,498 shares of company stock valued at $70,176,140. 4.90% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Balentine LLC lifted its stake 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 purchasing an additional 500 shares during the last quarter. Duncker Streett & Co. Inc. lifted its stake in Netflix by 47.1% in 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. Aviance Capital Management LLC bought a new stake in Netflix in the second quarter worth about $137,000. Steward Partners Investment Advisory LLC bought a new stake in Netflix in the third quarter worth about $171,000. Finally, Grove Bank & Trust lifted its stake 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 purchasing an additional 684 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.