Loop Capital reissued their buy rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a research note issued to investors on Thursday, October 26th. Loop Capital currently has a $237.00 price objective on the Internet television network’s stock.
A number of other brokerages also recently issued reports on NFLX. Piper Jaffray Companies reaffirmed a buy rating and set a $215.00 price target on shares of Netflix in a report on Monday, September 18th. Royal Bank Of Canada reissued an outperform rating and issued a $210.00 target price on shares of Netflix in a report on Friday, October 6th. Vetr raised Netflix from a sell rating to a hold rating and set a $165.75 target price for the company in a report on Thursday, August 10th. MKM Partners reissued a buy rating and issued a $195.00 target price on shares of Netflix in a report on Monday, July 10th. Finally, J P Morgan Chase & Co reissued a buy rating on shares of Netflix in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and thirty-three have assigned a buy rating to the company. Netflix has a consensus rating of Buy and an average price target of $207.20.
Shares of Netflix (NASDAQ:NFLX) opened at $192.02 on Thursday. 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 stock has a market capitalization of $83,093.03, a price-to-earnings ratio of 193.96, a price-to-earnings-growth ratio of 5.64 and a beta of 1.39. Netflix has a one year low of $110.68 and a one year high of $204.38.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same period in the previous year, the firm posted $0.12 earnings per share. The company’s quarterly revenue was up 30.3% compared to the same quarter last year. equities analysts expect that Netflix will post 1.28 EPS for the current year.
In other Netflix news, Director Ann Mather sold 3,885 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $200.00, for a total transaction of $777,000.00. Following the completion of the transaction, the director now owns 1,015 shares of the company’s stock, valued at approximately $203,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Reed Hastings sold 93,380 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $166.07, for a total transaction of $15,507,616.60. Following the transaction, the chief executive officer now directly owns 93,380 shares of the company’s stock, valued at approximately $15,507,616.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 342,372 shares of company stock valued at $63,255,427. 4.90% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Almanack Investment Partners LLC. acquired a new position in Netflix during the 2nd quarter worth $101,000. TD Capital Management LLC acquired a new position in Netflix during the 2nd quarter worth $105,000. Harfst & Associates Inc. acquired a new position in Netflix during the 1st quarter worth $109,000. Aviance Capital Management LLC acquired a new position in Netflix during the 2nd quarter worth $137,000. Finally, Captrust Financial Advisors acquired a new position in Netflix during the 2nd quarter worth $139,000. 80.43% of the stock is owned by hedge funds and other institutional investors.
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.
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