BidaskClub upgraded shares of Netflix (NASDAQ:NFLX) from a hold rating to a buy rating in a report issued on Friday, September 14th.
NFLX has been the topic of a number of other research reports. Cowen lowered their price target on shares of Netflix from $430.00 to $400.00 and set an outperform rating on the stock in a report on Tuesday, July 17th. Morgan Stanley set a $480.00 price target on shares of Netflix and gave the stock a buy rating in a report on Thursday, July 12th. ValuEngine cut shares of Netflix from a strong-buy rating to a buy rating in a report on Wednesday, July 18th. Loop Capital lowered their target price on shares of Netflix to $365.00 and set a hold rating on the stock in a report on Tuesday, July 17th. Finally, Citigroup boosted their target price on shares of Netflix to $375.00 and gave the company a neutral rating in a report on Wednesday, September 12th. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirty-two have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $355.69.
Shares of Netflix stock traded down $12.30 during mid-day trading on Friday, hitting $351.35. 13,511,780 shares of the stock were exchanged, compared to its average volume of 10,722,383. 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. The stock has a market cap of $162.92 billion, a P/E ratio of 281.08, a P/E/G ratio of 4.67 and a beta of 0.89.
Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 16th. The Internet television network reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.05. Netflix had a net margin of 7.13% and a return on equity of 25.66%. The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter last year, the firm earned $0.15 EPS. The company’s quarterly revenue was up 40.3% compared to the same quarter last year. On average, equities analysts anticipate that Netflix will post 2.67 EPS for the current year.
In other Netflix news, Director Richard N. Barton sold 700 shares of the company’s stock in a transaction dated Tuesday, July 10th. The shares were sold at an average price of $416.62, for a total transaction of $291,634.00. Following the completion of the sale, the director now directly owns 7,393 shares in the company, valued at $3,080,071.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO David B. Wells sold 1,000 shares of the company’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $314.64, for a total transaction of $314,640.00. Following the sale, the chief financial officer now owns 1,000 shares of the company’s stock, valued at $314,640. The disclosure for this sale can be found here. Insiders sold 420,778 shares of company stock valued at $149,880,028 over the last quarter. 4.29% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its position in Netflix by 2.3% during the second quarter. BlackRock Inc. now owns 27,436,409 shares of the Internet television network’s stock valued at $10,739,434,000 after buying an additional 619,795 shares during the period. FMR LLC raised its stake in shares of Netflix by 6.1% during the second quarter. FMR LLC now owns 26,511,408 shares of the Internet television network’s stock valued at $10,377,360,000 after acquiring an additional 1,534,290 shares during the last quarter. Baillie Gifford & Co. raised its stake in shares of Netflix by 12.0% during the first quarter. Baillie Gifford & Co. now owns 7,794,760 shares of the Internet television network’s stock valued at $2,302,183,000 after acquiring an additional 837,285 shares during the last quarter. Edgewood Management LLC raised its stake in shares of Netflix by 2.3% during the second quarter. Edgewood Management LLC now owns 2,523,740 shares of the Internet television network’s stock valued at $987,868,000 after acquiring an additional 55,566 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of Netflix by 1.6% during the second quarter. Morgan Stanley now owns 2,364,657 shares of the Internet television network’s stock valued at $925,600,000 after acquiring an additional 37,425 shares during the last quarter. Institutional investors and hedge funds own 73.76% of the company’s stock.
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.
Featured Article: How are the companies in the S&P 500 selected?
Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.