Netflix (NFLX) Stock Rating Reaffirmed by Stifel Nicolaus

Netflix (NASDAQ:NFLX)‘s stock had its “buy” rating reaffirmed by analysts at Stifel Nicolaus in a report released on Friday. They currently have a $395.00 target price on the Internet television network’s stock, down from their prior target price of $406.00. Stifel Nicolaus’ price target suggests a potential upside of 16.33% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Pivotal Research increased their target price on Netflix from $420.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, June 21st. Imperial Capital assumed coverage on Netflix in a research note on Tuesday, June 26th. They set an “outperform” rating and a $503.00 target price for the company. Goldman Sachs Group increased their target price on Netflix to $490.00 and gave the stock a “positive” rating in a research note on Wednesday, June 20th. Citigroup raised Netflix from a “neutral” rating to a “buy” rating and set a $375.00 target price for the company in a research note on Friday. Finally, JPMorgan Chase & Co. reissued a “buy” rating and set a $415.00 target price on shares of Netflix in a research note on Tuesday, July 17th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirty-two have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $355.45.

Shares of NFLX stock opened at $339.56 on Friday. The company has a market cap of $162.92 billion, a PE ratio of 271.65, a price-to-earnings-growth ratio of 4.67 and a beta of 0.89. Netflix has a 12-month low of $178.38 and a 12-month high of $423.21. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.86.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, July 16th. The Internet television network reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.94 billion. Netflix had a return on equity of 25.66% and a net margin of 7.13%. The company’s revenue for the quarter was up 40.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 EPS. On average, equities research analysts expect that Netflix will post 2.67 earnings per share for the current year.

In other Netflix news, Director Richard N. Barton sold 350 shares of the firm’s stock in a transaction on Thursday, October 11th. The stock was sold at an average price of $324.94, for a total transaction of $113,729.00. Following the completion of the transaction, the director now owns 7,314 shares of the company’s stock, valued at $2,376,611.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Reed Hastings sold 75,656 shares of the firm’s stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $359.64, for a total value of $27,208,923.84. Following the transaction, the chief executive officer now directly owns 75,656 shares of the company’s stock, valued at approximately $27,208,923.84. The disclosure for this sale can be found here. Insiders have sold 420,428 shares of company stock valued at $149,631,503 in the last three months. 4.29% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in NFLX. Berkeley Capital Partners LLC boosted its holdings in shares of Netflix by 17.3% during the second quarter. Berkeley Capital Partners LLC now owns 1,008 shares of the Internet television network’s stock worth $273,000 after purchasing an additional 149 shares during the last quarter. Capstone Financial Advisors Inc. boosted its holdings in shares of Netflix by 17.8% during the second quarter. Capstone Financial Advisors Inc. now owns 1,006 shares of the Internet television network’s stock worth $394,000 after purchasing an additional 152 shares during the last quarter. Cornerstone Advisors Inc. boosted its holdings in shares of Netflix by 9.6% during the second quarter. Cornerstone Advisors Inc. now owns 1,740 shares of the Internet television network’s stock worth $681,000 after purchasing an additional 153 shares during the last quarter. Cobblestone Capital Advisors LLC NY boosted its holdings in shares of Netflix by 22.1% during the second quarter. Cobblestone Capital Advisors LLC NY now owns 855 shares of the Internet television network’s stock worth $335,000 after purchasing an additional 155 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its holdings in shares of Netflix by 30.6% during the third quarter. Sound Income Strategies LLC now owns 675 shares of the Internet television network’s stock worth $253,000 after purchasing an additional 158 shares during the last quarter. 73.76% of the stock is owned by institutional investors.

Netflix Company Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Analyst Recommendations for Netflix (NASDAQ:NFLX)

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