Netflix (NASDAQ:NFLX) had its target price boosted by equities researchers at BMO Capital Markets to $250.00 in a note issued to investors on Tuesday. The firm currently has a “market perform” rating on the Internet television network’s stock. BMO Capital Markets’ price target indicates a potential downside of 0.12% from the stock’s current price.
Several other equities research analysts also recently issued reports on NFLX. Wells Fargo & Co initiated coverage on Netflix in a report on Tuesday, September 26th. They set an “outperform” rating and a $230.00 price target for the company. Vetr raised Netflix from a “sell” rating to a “hold” rating and set a $183.92 price target for the company in a report on Thursday, September 28th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $203.00 price target on shares of Netflix in a report on Sunday, October 1st. UBS Group reaffirmed a “buy” rating and set a $225.00 price target (up previously from $190.00) on shares of Netflix in a report on Wednesday, October 4th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $175.00 price target on shares of Netflix in a report on Wednesday, October 4th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirty-five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $231.76.
Shares of Netflix (NFLX) traded up $22.71 during trading on Tuesday, reaching $250.29. The company’s stock had a trading volume of 27,700,000 shares, compared to its average volume of 7,130,000. Netflix has a fifty-two week low of $137.03 and a fifty-two week high of $257.71. The firm has a market cap of $108,310.00, a P/E ratio of 200.23, a price-to-earnings-growth ratio of 3.56 and a beta of 1.34. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47.
In related news, General Counsel David A. Hyman sold 63,378 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $198.90, for a total value of $12,605,884.20. Following the transaction, the general counsel now owns 43,071 shares in the company, valued at $8,566,821.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan Friedland sold 972 shares of the firm’s 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 disclosure for this sale can be found here. Insiders sold 258,216 shares of company stock worth $50,391,195 in the last 90 days. 4.90% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in NFLX. Janus Henderson Group PLC grew its position in Netflix by 3,478.1% in the second quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock valued at $305,014,000 after acquiring an additional 1,984,404 shares during the last quarter. Winslow Capital Management LLC grew its position in Netflix by 495,050.8% in the second quarter. Winslow Capital Management LLC now owns 623,890 shares of the Internet television network’s stock valued at $93,216,000 after acquiring an additional 623,764 shares during the last quarter. Truepoint Inc. grew its position in Netflix by 18,035.0% in the third quarter. Truepoint Inc. now owns 402,416 shares of the Internet television network’s stock valued at $402,000 after acquiring an additional 400,197 shares during the last quarter. AGF Investments Inc. bought a new position in Netflix in the third quarter valued at about $60,036,000. Finally, American Century Companies Inc. grew its position in Netflix by 26.9% in the third quarter. American Century Companies Inc. now owns 1,427,160 shares of the Internet television network’s stock valued at $258,815,000 after acquiring an additional 302,857 shares during the last quarter. Hedge funds and other institutional investors own 83.27% 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.
