Netflix (NASDAQ:NFLX) had its price objective raised by research analysts at MKM Partners from $245.00 to $320.00 in a research report issued on Monday. The firm presently has a “buy” rating on the Internet television network’s stock. MKM Partners’ target price would suggest a potential upside of 14.59% from the company’s previous close.
A number of other equities research analysts also recently weighed in on the company. UBS Group set a $290.00 price target on Netflix and gave the company a “buy” rating in a report on Thursday. Robert W. Baird boosted their price target on Netflix from $190.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. BTIG Research boosted their price target on Netflix from $225.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. BMO Capital Markets boosted their price target on Netflix to $250.00 and gave the company a “market perform” rating in a report on Tuesday, January 23rd. Finally, Cowen reiterated a “buy” rating and issued a $275.00 price target on shares of Netflix in a report 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 assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $236.86.
Netflix (NASDAQ NFLX) traded up $4.65 during mid-day trading on Monday, reaching $279.25. The company’s stock had a trading volume of 5,502,639 shares, compared to its average volume of 8,870,000. Netflix has a 52 week low of $138.26 and a 52 week high of $283.44. The company has a quick ratio of 1.20, a current ratio of 1.40 and a debt-to-equity ratio of 1.81. The stock has a market cap of $120,810.00, a P/E ratio of 223.40, 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 for the quarter, meeting 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 the consensus estimate of $3.28 billion. During the same period in the previous year, the business earned $0.15 EPS. The business’s quarterly revenue was up 32.6% on a year-over-year basis. equities research analysts anticipate that Netflix will post 2.67 EPS for the current fiscal year.
In other news, Director Richard N. Barton sold 700 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $197.38, for a total value of $138,166.00. Following the completion of the sale, the director now owns 7,362 shares in the company, valued at $1,453,111.56. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard N. Barton sold 350 shares of the company’s stock in a transaction on 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 sale, the director now owns 7,332 shares of the company’s stock, valued at approximately $1,928,316. The disclosure for this sale can be found here. Insiders have sold a total of 281,120 shares of company stock valued at $57,570,255 in the last quarter. 4.90% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in NFLX. Sands Capital Management LLC acquired a new position in Netflix in the 4th quarter worth about $852,347,000. Matrix Capital Management Company LP acquired a new position in Netflix in the 3rd quarter worth about $394,732,000. Viking Global Investors LP increased its position in Netflix by 145.5% in the 4th quarter. Viking Global Investors LP now owns 6,469,312 shares of the Internet television network’s stock worth $800,901,000 after purchasing an additional 3,834,045 shares during the last quarter. Norges Bank acquired a new position in Netflix in the 4th quarter worth about $357,283,000. Finally, FMR LLC increased its position in Netflix by 12.4% in the 2nd quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after purchasing an additional 2,605,731 shares during the last quarter. Institutional investors and hedge funds own 83.30% of the company’s stock.
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.