Netflix (NASDAQ:NFLX) has been assigned a $285.00 target price by research analysts at Wells Fargo & Co in a research report issued on Tuesday. The brokerage currently has a “buy” rating on the Internet television network’s stock. Wells Fargo & Co’s price objective would indicate a potential upside of 25.23% from the stock’s current price.
A number of other analysts have also issued reports on the company. Morningstar set a $90.00 target price on Netflix and gave the company a “sell” rating in a report on Tuesday. Macquarie set a $275.00 target price on Netflix and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley set a $275.00 target price on Netflix and gave the company a “buy” rating in a report on Tuesday. Piper Jaffray Companies raised their target price on Netflix from $240.00 to $281.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Canaccord Genuity raised their target price on Netflix from $225.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirty-five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $228.64.
Shares of Netflix (NFLX) traded up $7.12 during midday trading on Tuesday, hitting $227.58. The stock had a trading volume of 17,703,200 shares, compared to its average volume of 8,941,578. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $109,100.00, a price-to-earnings ratio of 182.06, a price-to-earnings-growth ratio of 3.56 and a beta of 1.34. Netflix has a fifty-two week low of $137.03 and a fifty-two week high of $227.79.
In other Netflix news, insider Jonathan Friedland sold 972 shares of Netflix stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $225.12, for a total value of $218,816.64. Following the completion of the transaction, the insider now owns 972 shares in the company, valued at approximately $218,816.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel David A. Hyman sold 63,378 shares of Netflix stock in a transaction on Monday, October 30th. The shares were sold at an average price of $198.90, for a total value of $12,605,884.20. Following the completion of the transaction, the general counsel now 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. Insiders have sold a total of 258,216 shares of company stock valued at $50,391,195 in the last 90 days. 4.90% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Balentine LLC increased its stake in shares of Netflix by 1,020.4% in the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after buying an additional 500 shares during the period. Almanack Investment Partners LLC. acquired a new stake in shares of Netflix during the second quarter worth $101,000. Clean Yield Group acquired a new stake in shares of Netflix during the first quarter worth $103,000. TD Capital Management LLC acquired a new stake in shares of Netflix during the second quarter worth $105,000. Finally, SRS Capital Advisors Inc. grew its stake in shares of Netflix by 3,361.9% during the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after purchasing an additional 706 shares during the period. Hedge funds and other institutional investors own 83.27% of the company’s stock.
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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.
