Atlantic Securities Analysts Give Netflix, Inc. (NFLX) a $235.00 Price Target

Netflix, Inc. (NASDAQ:NFLX) received a $235.00 target price from stock analysts at Atlantic Securities in a report issued on Tuesday, October 17th. The brokerage presently has a “buy” rating on the Internet television network’s stock. Atlantic Securities’ price objective points to a potential upside of 17.42% from the stock’s previous close.

A number of other equities analysts also recently issued reports on NFLX. Jefferies Group LLC restated a “hold” rating and issued a $165.00 price target (down from $171.80) on shares of Netflix in a research note on Wednesday, August 9th. Wedbush restated a “sell” rating on shares of Netflix in a research note on Wednesday, August 9th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Netflix in a report on Wednesday, August 9th. SunTrust Banks, Inc. set a $175.00 target price on Netflix and gave the stock a “hold” rating in a report on Monday, October 16th. Finally, BidaskClub cut Netflix from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-three have assigned a buy rating to the stock. Netflix has an average rating of “Buy” and an average target price of $207.20.

Shares of Netflix (NASDAQ NFLX) traded up $0.12 on Tuesday, reaching $200.13. The company’s stock had a trading volume of 4,687,380 shares, compared to its average volume of 8,330,000. The stock has a market cap of $86,330.00, a P/E ratio of 202.03, a price-to-earnings-growth ratio of 5.91 and a beta of 1.39. Netflix has a 1-year low of $110.68 and a 1-year high of $204.38. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The business’s quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter last year, the business earned $0.12 earnings per share. equities analysts expect that Netflix will post 1.27 earnings per share for the current fiscal year.

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In other Netflix news, Director Leslie J. Kilgore sold 868 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $202.00, for a total value of $175,336.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard N. Barton sold 700 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $197.38, for a total transaction of $138,166.00. Following the completion of the sale, the director now owns 7,362 shares of the company’s stock, valued at approximately $1,453,111.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 340,487 shares of company stock valued at $62,816,777. Insiders own 4.90% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC raised its holdings in Netflix by 0.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock valued at $229,000 after acquiring an additional 10 shares during the last quarter. Guardian Life Insurance Co. of America raised its holdings in Netflix by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after acquiring an additional 11 shares during the last quarter. M Holdings Securities Inc. raised its holdings in Netflix by 0.5% in the 1st quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock valued at $365,000 after acquiring an additional 12 shares during the last quarter. Heritage Investors Management Corp raised its holdings in Netflix by 0.6% in the 2nd quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock valued at $298,000 after acquiring an additional 12 shares during the last quarter. Finally, Kalos Management Inc. raised its holdings in Netflix by 0.7% in the 2nd quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock valued at $242,000 after acquiring an additional 12 shares during the last quarter. Institutional investors own 80.68% of the company’s stock.

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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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