Netflix (NASDAQ:NFLX) had its target price raised by Loop Capital from $237.00 to $241.00 in a research report released on Tuesday, January 2nd, MarketBeat Ratings reports. The firm currently has a buy rating on the Internet television network’s stock.
NFLX has been the subject of several other research reports. SunTrust Banks reaffirmed a hold rating and set a $175.00 price objective on shares of Netflix in a report on Thursday, September 7th. Guggenheim reaffirmed a buy rating and set a $210.00 price objective (up previously from $190.00) on shares of Netflix in a report on Tuesday, September 12th. Sanford C. Bernstein reaffirmed an outperform rating on shares of Netflix in a report on Tuesday, September 12th. Needham & Company LLC reaffirmed a hold rating on shares of Netflix in a report on Sunday, September 17th. Finally, Jefferies Group set a $165.00 price objective on shares of Netflix and gave the stock a neutral rating in a report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-six have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $211.77.
Netflix (NASDAQ:NFLX) traded up $3.60 during mid-day trading on Tuesday, reaching $220.84. 4,580,000 shares of the company’s stock were exchanged, compared to its average volume of 6,460,000. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. Netflix has a one year low of $128.50 and a one year high of $220.86. The company has a market capitalization of $95,560.00, a PE ratio of 223.07, a price-to-earnings-growth ratio of 3.41 and a beta of 1.34.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same period last year, the company earned $0.12 EPS. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. equities analysts forecast that Netflix will post 1.26 earnings per share for the current fiscal year.
In other Netflix news, Director Leslie J. Kilgore sold 868 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $202.00, for a total value of $175,336.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan Friedland sold 3,617 shares of the business’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $203.35, for a total transaction of $735,516.95. The disclosure for this sale can be found here. Insiders have sold a total of 340,107 shares of company stock valued at $66,056,576 in the last ninety days. 4.90% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Balentine LLC raised its position 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 in the last quarter. Almanack Investment Partners LLC. acquired a new position in shares of Netflix in the 2nd quarter valued at approximately $101,000. Aviance Capital Management LLC acquired a new position in shares of Netflix in the 2nd quarter valued at approximately $137,000. Captrust Financial Advisors acquired a new position in shares of Netflix in the 2nd quarter valued at approximately $139,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of Netflix in the 3rd quarter valued at approximately $171,000. 83.27% of the stock is owned by hedge funds and other institutional investors.
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.