Netflix (NFLX) PT Set at $270.00 by SunTrust Banks

Netflix (NASDAQ:NFLX) has been given a $270.00 price target by equities researchers at SunTrust Banks in a note issued to investors on Wednesday. The firm presently has a “hold” rating on the Internet television network’s stock. SunTrust Banks’ target price would indicate a potential upside of 4.54% from the stock’s current price.

NFLX has been the subject of a number of other reports. Credit Suisse Group set a $224.00 target price on shares of Netflix and gave the company a “neutral” rating in a research report on Monday, January 8th. BidaskClub downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Vetr raised shares of Netflix from a “buy” rating to a “strong-buy” rating and set a $214.83 target price for the company in a research report on Friday, December 22nd. Wedbush reissued an “underperform” rating and set a $110.00 target price (up from $93.00) on shares of Netflix in a research report on Tuesday, January 23rd. Finally, Loop Capital increased their target price on shares of Netflix from $237.00 to $241.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $239.39.

Netflix (NASDAQ NFLX) opened at $258.27 on Wednesday. Netflix has a 52-week low of $138.26 and a 52-week high of $286.81. The firm has a market cap of $112,080.00, a P/E ratio of 211.27, a PEG ratio of 3.60 and a beta of 1.04. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.40 and a current ratio of 1.40.

Netflix (NASDAQ:NFLX) last released its 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 net margin of 4.78% and a return on equity of 17.20%. The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the prior year, the firm earned $0.15 EPS. The company’s revenue was up 32.6% compared to the same quarter last year. sell-side analysts anticipate that Netflix will post 2.69 earnings per share for the current fiscal year.

In other Netflix news, Director Leslie J. Kilgore sold 630 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $279.00, for a total value of $175,770.00. Following the sale, the director now owns 35,826 shares of the company’s stock, valued at approximately $9,995,454. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard N. Barton sold 700 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $194.29, for a total transaction of $136,003.00. Following the completion of the sale, the director now directly owns 7,393 shares in the company, valued at approximately $1,436,385.97. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 459,885 shares of company stock worth $105,163,627. 4.90% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Duncker Streett & Co. Inc. lifted its position in shares of Netflix by 47.1% in the 4th 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 period. Buckingham Asset Management LLC lifted its position in shares of Netflix by 9.2% in the 4th quarter. Buckingham Asset Management LLC now owns 2,386 shares of the Internet television network’s stock worth $458,000 after purchasing an additional 202 shares during the period. CWA Asset Management Group LLC lifted its position in shares of Netflix by 8.5% in the 4th quarter. CWA Asset Management Group LLC now owns 2,700 shares of the Internet television network’s stock worth $518,000 after purchasing an additional 211 shares during the period. Murphy Capital Management Inc. lifted its position in shares of Netflix by 5.4% in the 4th quarter. Murphy Capital Management Inc. now owns 4,316 shares of the Internet television network’s stock worth $828,000 after purchasing an additional 220 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Netflix by 0.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 31,480 shares of the Internet television network’s stock worth $6,043,000 after purchasing an additional 235 shares during the period. 82.38% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Netflix (NFLX) PT Set at $270.00 by SunTrust Banks” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this report on another site, it was stolen and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.americanbankingnews.com/2018/02/14/netflix-nflx-pt-set-at-270-00-by-suntrust-banks.html.

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)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply