Credit Suisse Group set a $209.00 target price on Netflix, Inc. (NASDAQ:NFLX) in a research report report published on Tuesday, October 17th. The brokerage currently has a neutral rating on the Internet television network’s stock.
Several other analysts also recently weighed in on NFLX. Jefferies Group LLC restated a hold rating and issued a $165.00 price target (down previously 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 restated a buy rating on shares of Netflix in a research note on Wednesday, August 9th. SunTrust Banks, Inc. set a $175.00 price target on Netflix and gave the stock a hold rating in a research note on Monday, October 16th. Finally, BidaskClub downgraded Netflix from a buy rating to a hold rating in a research note on Saturday, August 12th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-three have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $207.20.
Shares of Netflix (NFLX) traded up $0.12 during trading hours on Tuesday, hitting $200.13. The stock had a trading volume of 4,687,380 shares, compared to its average volume of 8,330,000. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market cap of $86,330.00, a price-to-earnings ratio of 202.03, a P/E/G ratio of 5.91 and a beta of 1.39. Netflix has a 12-month low of $110.68 and a 12-month high of $204.38.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). The company 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 in the previous year, the company earned $0.12 EPS. analysts forecast that Netflix will post 1.27 earnings per share for the current fiscal year.
In other Netflix news, Director Richard N. Barton sold 700 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $197.38, for a total value of $138,166.00. Following the sale, the director now directly owns 7,362 shares of the company’s stock, valued at $1,453,111.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Reed Hastings sold 93,380 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $166.07, for a total transaction of $15,507,616.60. Following the completion of the sale, the chief executive officer now directly owns 93,380 shares in the company, valued at $15,507,616.60. The disclosure for this sale can be found here. Insiders have sold 340,487 shares of company stock worth $62,816,777 over the last three months. Corporate insiders own 4.90% of the company’s stock.
Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC purchased a new stake in Netflix in the second quarter valued at $1,045,000. Calamos Advisors LLC boosted its holdings in Netflix by 198.5% in the second quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock valued at $31,218,000 after purchasing an additional 138,945 shares during the last quarter. Alps Advisors Inc. purchased a new stake in Netflix in the second quarter valued at $262,000. Guardian Life Insurance Co. of America raised its position in shares of Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock worth $245,000 after acquiring an additional 11 shares during the period. Finally, Teachers Advisors LLC raised its position in shares of Netflix by 2.0% in the first quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock worth $192,231,000 after acquiring an additional 25,266 shares during the period. 80.68% of the stock is currently owned by institutional investors.
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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