Macquarie Analysts Give Netflix, Inc. (NFLX) a $200.00 Price Target

Netflix, Inc. (NASDAQ:NFLX) received a $200.00 target price from Macquarie in a report issued on Tuesday, October 17th. The brokerage presently has a “neutral” rating on the Internet television network’s stock. Macquarie’s price target would suggest a potential downside of 0.06% from the stock’s previous close.

NFLX has been the topic of several other research reports. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $205.00 price objective (up previously from $165.00) on shares of Netflix in a research report on Tuesday, July 18th. Stifel Nicolaus raised their price objective on shares of Netflix from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, October 12th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $225.00 price objective (up previously from $210.00) on shares of Netflix in a research report on Friday, October 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $190.00 price objective on shares of Netflix in a research report on Thursday, July 13th. Finally, Vetr raised shares of Netflix from a “strong sell” rating to a “sell” rating and set a $177.49 price objective on the stock in a research report on Tuesday, September 19th. One research 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’s stock. The company presently has a consensus rating of “Buy” and an average price target of $207.20.

Netflix (NASDAQ NFLX) traded up $0.12 during midday trading on Tuesday, hitting $200.13. 4,687,380 shares of the stock were exchanged, compared to its average volume of 8,330,000. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $86,330.00, a price-to-earnings 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.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Netflix’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period last year, the company earned $0.12 earnings per share. equities research analysts predict that Netflix will post 1.27 EPS for the current fiscal year.

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In other news, Director Richard N. Barton sold 700 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $165.72, for a total value of $331,440.00. Following the sale, the director now owns 8,012 shares in the company, valued at approximately $1,327,748.64. The disclosure for this sale can be found here. Insiders sold a total of 340,487 shares of company stock worth $62,816,777 in the last 90 days. Company insiders own 4.90% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC raised its stake in shares of Netflix by 0.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock worth $229,000 after purchasing an additional 10 shares in the last quarter. Guardian Life Insurance Co. of America raised its stake in shares of Netflix by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock worth $245,000 after purchasing an additional 11 shares in the last quarter. M Holdings Securities Inc. raised its stake in shares of Netflix by 0.5% during the 1st quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock worth $365,000 after purchasing an additional 12 shares in the last quarter. Heritage Investors Management Corp raised its stake in shares of Netflix by 0.6% during the 2nd quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock worth $298,000 after purchasing an additional 12 shares in the last quarter. Finally, Kalos Management Inc. raised its stake in shares of Netflix by 0.7% during the 2nd quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock worth $242,000 after purchasing an additional 12 shares in 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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