Loop Capital began coverage on shares of Netflix (NASDAQ:NFLX) in a research note published on Thursday, Marketbeat reports. The brokerage issued a hold rating and a $325.00 price target on the Internet television network’s stock.
Several other research analysts have also recently commented on the company. MKM Partners increased their price target on Netflix from $245.00 to $320.00 and gave the company a buy rating in a research report on Monday, January 29th. Wedbush set a $93.00 price target on Netflix and gave the company a sell rating in a research report on Friday, January 19th. Goldman Sachs set a $315.00 price target on Netflix and gave the company a buy rating in a research report on Friday, January 19th. Bank of America increased their price target on Netflix from $225.00 to $199.00 and gave the company a buy rating in a research report on Friday, December 1st. Finally, Macquarie raised Netflix from a neutral rating to an outperform rating and increased their price target for the company from $200.00 to $220.00 in a research report on Tuesday, January 2nd. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $251.28.
Netflix (NASDAQ:NFLX) opened at $318.45 on Thursday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $138,190.75, a PE ratio of 254.76, a PEG ratio of 4.37 and a beta of 0.96. Netflix has a 52-week low of $138.66 and a 52-week high of $333.98.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, hitting the consensus estimate of $0.41. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The company had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the prior year, the firm earned $0.15 earnings per share. Netflix’s revenue for the quarter was up 32.6% compared to the same quarter last year. research analysts anticipate that Netflix will post 2.73 EPS for the current fiscal year.
In other news, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction on Monday, December 18th. The stock was sold at an average price of $191.20, for a total value of $191,200.00. Following the transaction, the chief financial officer now owns 1,000 shares in the company, valued at approximately $191,200. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director A George Battle sold 10,716 shares of Netflix stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $258.49, for a total value of $2,769,978.84. Following the completion of the transaction, the director now owns 2,575 shares in the company, valued at approximately $665,611.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 472,789 shares of company stock worth $116,119,297. Corporate insiders own 4.90% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Balentine LLC increased its stake 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 purchasing an additional 500 shares during the last quarter. James Hambro & Partners acquired a new stake in shares of Netflix during the 4th quarter valued at $106,000. Wagner Wealth Management LLC acquired a new stake in shares of Netflix during the 4th quarter valued at $125,000. Duncker Streett & Co. Inc. boosted its holdings in shares of Netflix by 47.1% during the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock valued at $120,000 after acquiring an additional 200 shares in the last quarter. Finally, Crewe Advisors LLC acquired a new stake in shares of Netflix during the 4th quarter valued at $149,000. Institutional investors own 81.64% of the company’s stock.
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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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