Netflix’s (NFLX) “Buy” Rating Reaffirmed at Loop Capital

Loop Capital reiterated their buy rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a research note published on Thursday, October 26th. They currently have a $237.00 price target on the Internet television network’s stock.

Several other brokerages also recently weighed in on NFLX. Piper Jaffray Companies reaffirmed a buy rating and issued a $215.00 target price on shares of Netflix in a report on Monday, September 18th. Royal Bank Of Canada reissued an outperform rating and set a $210.00 price objective on shares of Netflix in a report on Friday, October 6th. Vetr raised shares of Netflix from a sell rating to a hold rating and set a $165.75 price objective on the stock in a report on Thursday, August 10th. MKM Partners reaffirmed a buy rating and issued a $195.00 price target on shares of Netflix in a report on Monday, July 10th. Finally, J P Morgan Chase & Co reaffirmed a buy rating on shares of Netflix in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and thirty-three have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $207.20.

Netflix (NASDAQ:NFLX) traded up $3.06 during midday trading on Thursday, reaching $195.08. 4,606,900 shares of the company’s stock were exchanged, compared to its average volume of 6,732,649. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $84,360.00, a price-to-earnings ratio of 193.96, a PEG ratio of 5.64 and a beta of 1.39. Netflix has a one year low of $110.68 and a one year high of $204.38.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ 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 net margin of 4.04% and a return on equity of 14.56%. The firm’s revenue was up 30.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 EPS. research analysts anticipate that Netflix will post 1.28 EPS for the current year.

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In other Netflix news, Director Ann Mather sold 3,885 shares of Netflix stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $200.00, for a total transaction of $777,000.00. Following the sale, the director now owns 1,015 shares in the company, valued at $203,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Barton sold 700 shares of Netflix stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $197.38, for a total transaction of $138,166.00. Following the sale, the director now owns 7,362 shares in the company, valued at approximately $1,453,111.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 343,372 shares of company stock worth $63,446,547. 4.90% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Almanack Investment Partners LLC. acquired a new stake in Netflix during the second quarter worth $101,000. TD Capital Management LLC acquired a new stake in Netflix during the second quarter worth $105,000. Harfst & Associates Inc. acquired a new stake in Netflix during the first quarter worth $109,000. Aviance Capital Management LLC acquired a new stake in Netflix during the second quarter worth $137,000. Finally, Captrust Financial Advisors acquired a new stake in Netflix during the second quarter worth $139,000. Hedge funds and other institutional investors own 80.43% 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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