NFLX has been the topic of a number of other research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $480.00 price objective (up previously from $450.00) on shares of Netflix in a research report on Friday, January 18th. Morgan Stanley lifted their price objective on Netflix from $430.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, January 18th. Credit Suisse Group reiterated a “buy” rating and set a $440.00 price objective on shares of Netflix in a research report on Friday, January 18th. Rosenblatt Securities reiterated a “hold” rating on shares of Netflix in a research report on Wednesday, April 17th. Finally, UBS Group reduced their price objective on Netflix from $425.00 to $410.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 17th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $385.03.
Shares of NASDAQ NFLX traded down $4.86 during midday trading on Thursday, hitting $354.45. The stock had a trading volume of 4,493,198 shares, compared to its average volume of 8,908,521. The company has a market cap of $154.97 billion, a PE ratio of 132.26, a price-to-earnings-growth ratio of 3.53 and a beta of 1.33. Netflix has a 1 year low of $231.23 and a 1 year high of $423.21. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.61 and a quick ratio of 0.61.
Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.19. The business had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.50 billion. Netflix had a return on equity of 24.75% and a net margin of 7.61%. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 earnings per share. On average, equities research analysts anticipate that Netflix will post 3.35 EPS for the current fiscal year.
In other Netflix news, Director Anne M. Sweeney sold 1,649 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $370.00, for a total transaction of $610,130.00. Following the completion of the sale, the director now owns 609 shares of the company’s stock, valued at $225,330. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Reed Hastings sold 56,966 shares of Netflix stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $370.74, for a total value of $21,119,574.84. Following the completion of the sale, the chief executive officer now directly owns 56,966 shares of the company’s stock, valued at $21,119,574.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 165,491 shares of company stock valued at $60,694,221. 4.29% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of NFLX. Oregon Public Employees Retirement Fund grew its stake in shares of Netflix by 17,848.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,931,481 shares of the Internet television network’s stock valued at $89,000 after buying an additional 23,798,143 shares in the last quarter. Norges Bank acquired a new stake in shares of Netflix in the fourth quarter valued at $1,209,406,000. Harris Associates L P grew its stake in shares of Netflix by 90.8% in the fourth quarter. Harris Associates L P now owns 3,109,548 shares of the Internet television network’s stock valued at $832,301,000 after buying an additional 1,479,651 shares in the last quarter. Morgan Stanley grew its stake in shares of Netflix by 24.8% in the first quarter. Morgan Stanley now owns 4,479,495 shares of the Internet television network’s stock valued at $1,597,210,000 after buying an additional 891,014 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Netflix by 9.0% in the fourth quarter. Jennison Associates LLC now owns 9,598,888 shares of the Internet television network’s stock valued at $2,569,238,000 after buying an additional 792,338 shares in the last quarter. 76.08% of the stock is owned by institutional investors and hedge funds.
Netflix Company Profile
Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
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