Shares of Netflix, Inc. (NASDAQ:NFLX) hit a new 52-week high and low during trading on Thursday . The company traded as low as $350.00 and last traded at $350.81, with a volume of 8819609 shares changing hands. The stock had previously closed at $344.72.
A number of analysts recently issued reports on NFLX shares. Vetr raised Netflix from a “sell” rating to a “hold” rating and set a $300.12 target price on the stock in a research report on Friday, March 23rd. Zacks Investment Research raised Netflix from a “hold” rating to a “buy” rating and set a $329.00 target price on the stock in a research report on Friday, April 6th. Bank of America lifted their target price on Netflix from $300.00 to $347.00 and gave the company a “buy” rating in a research report on Tuesday, April 17th. Citigroup lifted their target price on Netflix from $250.00 to $305.00 and gave the company a “neutral” rating in a research report on Wednesday, March 28th. Finally, Buckingham Research lifted their target price on Netflix from $257.00 to $277.00 and gave the company a “neutral” rating in a research report on Friday, April 13th. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $296.12.
The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.63. The company has a market cap of $151.83 billion, a PE ratio of 281.03, a P/E/G ratio of 4.55 and a beta of 0.97.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, April 16th. The Internet television network reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Netflix had a return on equity of 19.11% and a net margin of 5.26%. The firm’s revenue for the quarter was up 40.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 earnings per share. equities analysts expect that Netflix, Inc. will post 2.88 EPS for the current fiscal year.
In other Netflix news, CFO David B. Wells sold 1,420 shares of the company’s stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $328.79, for a total transaction of $466,881.80. Following the completion of the sale, the chief financial officer now directly owns 420 shares in the company, valued at $138,091.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A George Battle sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $309.87, for a total value of $3,098,700.00. Following the sale, the director now owns 3,269 shares of the company’s stock, valued at $1,012,965.03. The disclosure for this sale can be found here. Over the last quarter, insiders sold 281,239 shares of company stock valued at $91,032,173. 4.29% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. James Hambro & Partners bought a new stake in Netflix during the fourth quarter worth $106,000. Wagner Wealth Management LLC bought a new stake in Netflix during the fourth quarter worth $125,000. Braun Bostich & Associates Inc. bought a new stake in Netflix during the first quarter worth $142,000. Crewe Advisors LLC bought a new stake in Netflix during the fourth quarter worth $149,000. Finally, TCI Wealth Advisors Inc. lifted its stake in Netflix by 710.8% during the first quarter. TCI Wealth Advisors Inc. now owns 527 shares of the Internet television network’s stock worth $156,000 after purchasing an additional 462 shares during the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.
Netflix Company Profile
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.
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