Netflix (NASDAQ:NFLX) has been given a $430.00 target price by research analysts at Macquarie in a report issued on Thursday. The brokerage presently has a “buy” rating on the Internet television network’s stock. Macquarie’s price target would indicate a potential upside of 9.85% from the company’s current price.
Other equities analysts also recently issued reports about the company. Piper Jaffray Companies increased their target price on Netflix from $360.00 to $367.00 in a research report on Tuesday, April 17th. Loop Capital raised their price objective on Netflix from $325.00 to $330.00 in a report on Tuesday, April 17th. ValuEngine upgraded Netflix from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Guggenheim raised their price objective on Netflix from $285.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, March 14th. Finally, UBS Group raised their price objective on Netflix from $290.00 to $345.00 and gave the stock a “buy” rating in a report on Monday, March 5th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirty-two have given a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $312.61.
NASDAQ NFLX traded down $3.99 during trading hours on Thursday, hitting $391.43. 9,252,511 shares of the company’s stock were exchanged, compared to its average volume of 11,738,778. Netflix has a 12-month low of $144.25 and a 12-month high of $423.21. The company has a market capitalization of $170.15 billion, a PE ratio of 313.14, a price-to-earnings-growth ratio of 4.78 and a beta of 1.00. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.63.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, April 16th. The Internet television network reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.01. Netflix had a return on equity of 19.11% and a net margin of 5.26%. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the prior year, the business posted $0.40 earnings per share. The firm’s revenue for the quarter was up 40.3% compared to the same quarter last year. equities analysts predict that Netflix will post 2.89 EPS for the current year.
In related news, CEO Reed Hastings sold 75,558 shares of the firm’s stock in a transaction that occurred on Monday, April 23rd. The stock was sold at an average price of $324.71, for a total value of $24,534,438.18. Following the sale, the chief executive officer now owns 75,558 shares of the company’s stock, valued at approximately $24,534,438.18. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard N. Barton sold 700 shares of the firm’s stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $283.39, for a total value of $198,373.00. Following the completion of the sale, the director now directly owns 7,393 shares in the company, valued at approximately $2,095,102.27. The disclosure for this sale can be found here. In the last quarter, insiders sold 288,982 shares of company stock valued at $102,840,168. Insiders own 4.29% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Netflix by 4.1% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 46,013 shares of the Internet television network’s stock worth $8,833,000 after purchasing an additional 1,801 shares during the last quarter. Maryland Capital Management bought a new stake in Netflix during the 4th quarter valued at $249,000. Assetmark Inc. raised its stake in Netflix by 1,148.5% during the 4th quarter. Assetmark Inc. now owns 14,395 shares of the Internet television network’s stock valued at $2,763,000 after acquiring an additional 13,242 shares in the last quarter. Pittenger & Anderson Inc. raised its stake in Netflix by 14.3% during the 4th quarter. Pittenger & Anderson Inc. now owns 12,480 shares of the Internet television network’s stock valued at $2,396,000 after acquiring an additional 1,565 shares in the last quarter. Finally, Braun Bostich & Associates Inc. bought a new stake in Netflix during the 1st quarter valued at $142,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.