Netflix (NASDAQ:NFLX) has been assigned a $275.00 price target by equities researchers at Macquarie in a report released on Tuesday. The firm currently has a “buy” rating on the Internet television network’s stock. Macquarie’s target price points to a potential upside of 20.84% from the company’s current price.
A number of other research firms also recently commented on NFLX. Credit Suisse Group set a $224.00 target price on shares of Netflix and gave the company a “neutral” rating in a research report on Monday, January 8th. BidaskClub downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Citigroup raised their target price on shares of Netflix from $180.00 to $205.00 and gave the company a “neutral” rating in a research report on Friday, October 13th. Vetr raised shares of Netflix from a “buy” rating to a “strong-buy” rating and set a $214.83 target price on the stock in a research report on Friday, December 22nd. Finally, Loop Capital raised their target price on shares of Netflix from $237.00 to $241.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirty-five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $228.64.
Netflix (NASDAQ NFLX) traded up $7.12 during mid-day trading on Tuesday, reaching $227.58. 17,703,200 shares of the company traded hands, compared to its average volume of 8,941,578. The stock has a market cap of $108,960.00, a P/E ratio of 182.06, a PEG ratio of 3.56 and a beta of 1.34. Netflix has a 52 week low of $137.03 and a 52 week high of $227.79. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 16th. The Internet television network reported $0.41 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.28 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The firm’s revenue was up 32.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 EPS. analysts predict that Netflix will post 1.25 earnings per share for the current fiscal year.
In other news, Director Leslie J. Kilgore sold 2,373 shares of Netflix stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $220.99, for a total transaction of $524,409.27. Following the completion of the transaction, the director now directly owns 35,994 shares of the company’s stock, valued at approximately $7,954,314.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jonathan Friedland sold 972 shares of Netflix stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $225.12, for a total transaction of $218,816.64. Following the transaction, the insider now directly owns 972 shares of the company’s stock, valued at $218,816.64. The disclosure for this sale can be found here. Insiders have sold a total of 258,216 shares of company stock valued at $50,391,195 over the last three months. 4.90% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of NFLX. Tower Research Capital LLC TRC purchased a new stake in Netflix in the 2nd quarter worth $1,045,000. Lincoln National Corp increased its holdings in Netflix by 7.0% in the 3rd quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock worth $742,000 after acquiring an additional 268 shares in the last quarter. BB&T Corp increased its holdings in Netflix by 20.0% in the 3rd quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock worth $700,000 after acquiring an additional 642 shares in the last quarter. Mizuho Securities USA LLC purchased a new stake in Netflix in the 3rd quarter worth $9,793,000. Finally, AGF Investments Inc. purchased a new stake in Netflix in the 3rd 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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