Piper Jaffray Companies restated their buy rating on shares of Netflix (NASDAQ:NFLX) in a research note published on Monday. They currently have a $240.00 price objective on the Internet television network’s stock.
Other research analysts also recently issued research reports about the stock. Bank of America upped their target price on shares of Netflix from $199.00 to $225.00 in a research note on Tuesday, October 17th. Buckingham Research initiated coverage on shares of Netflix in a research note on Thursday, September 21st. They issued a buy rating and a $214.00 target price on the stock. Sanford C. Bernstein set a $203.00 target price on shares of Netflix and gave the stock a buy rating in a research note on Monday, September 18th. Guggenheim reiterated a buy rating and issued a $210.00 target price (up previously from $190.00) on shares of Netflix in a research note on Tuesday, September 12th. Finally, UBS Group reiterated a buy rating and issued a $225.00 target price (up previously from $190.00) on shares of Netflix in a research note on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-six have assigned a buy rating to the company’s stock. Netflix presently has a consensus rating of Buy and an average price target of $211.77.
Netflix (NFLX) traded up $3.99 during trading hours on Monday, reaching $221.23. 8,196,794 shares of the company traded hands, compared to its average volume of 6,460,000. Netflix has a 1-year low of $128.50 and a 1-year high of $222.55. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $95,730.00, a price-to-earnings ratio of 223.46, a P/E/G ratio of 3.41 and a beta of 1.34.
Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03). The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The company’s quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 EPS. analysts anticipate that Netflix will post 1.26 earnings per share for the current year.
In other news, insider Jonathan Friedland sold 3,617 shares of the stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $203.35, for a total value of $735,516.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard N. Barton sold 700 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $211.27, for a total transaction of $147,889.00. Following the completion of the sale, the director now directly owns 36,022 shares of the company’s stock, valued at $7,610,367.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 340,107 shares of company stock valued at $66,056,576. 4.90% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new stake in shares of Netflix in the second quarter worth $1,045,000. Lincoln National Corp increased its stake in shares of Netflix by 7.0% in the third quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock worth $742,000 after purchasing an additional 268 shares in the last quarter. BB&T Corp increased its stake in shares of Netflix by 20.0% in the third quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock worth $700,000 after purchasing an additional 642 shares in the last quarter. Mizuho Securities USA LLC purchased a new stake in shares of Netflix in the third quarter worth $9,793,000. Finally, AGF Investments Inc. purchased a new stake in shares of Netflix in the third quarter worth $60,036,000. 83.27% of the stock is owned by hedge funds and other institutional investors.
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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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