Netflix, Inc. (NASDAQ:NFLX) PT Raised to $225.00 at Bank of America Corporation

Netflix, Inc. (NASDAQ:NFLX) had its price target hoisted by Bank of America Corporation from $199.00 to $225.00 in a report published on Tuesday, October 17th.

A number of other brokerages also recently issued reports on NFLX. Piper Jaffray Companies reissued a buy rating and set a $215.00 price objective on shares of Netflix in a research report on Monday, September 18th. Loop Capital boosted their price objective on shares of Netflix from $228.00 to $242.00 and gave the company a buy rating in a research report on Tuesday, October 17th. Royal Bank Of Canada reissued an outperform rating and set a $210.00 price objective on shares of Netflix in a research 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 research report on Thursday, August 10th. Finally, MKM Partners reaffirmed a buy rating and issued a $195.00 target price on shares of Netflix in a research report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-three have given a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $207.20.

Netflix (NASDAQ NFLX) traded up $0.12 during trading hours on Tuesday, reaching $200.13. 4,687,380 shares of the company were exchanged, compared to its average volume of 8,330,000. Netflix has a 52 week low of $110.68 and a 52 week high of $204.38. 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 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 (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter in the prior year, the company earned $0.12 earnings per share. The company’s quarterly revenue was up 30.3% compared to the same quarter last year. research analysts predict that Netflix will post 1.27 EPS for the current fiscal year.

WARNING: This article was first posted by BBNS and is the property of of BBNS. If you are viewing this article on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this article can be accessed at https://baseballnewssource.com/markets/netflix-inc-nflx-pt-raised-to-225-00/1722387.html.

In related news, Director Richard N. Barton sold 700 shares of the business’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 completion of the sale, the director now directly owns 7,362 shares in the company, valued at $1,453,111.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the business’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 of the company’s stock, valued at $1,327,748.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 340,487 shares of company stock valued at $62,816,777. Corporate insiders own 4.90% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Almanack Investment Partners LLC. purchased a new stake in shares of Netflix during the second quarter worth approximately $101,000. TD Capital Management LLC purchased a new stake in shares of Netflix during the second quarter worth approximately $105,000. SRS Capital Advisors Inc. increased its position in shares of Netflix by 3,361.9% during the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after purchasing an additional 706 shares in the last quarter. Harfst & Associates Inc. purchased a new stake in shares of Netflix during the first quarter worth approximately $109,000. Finally, Aviance Capital Management LLC purchased a new stake in shares of Netflix during the second quarter worth approximately $137,000. Hedge funds and other 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)

Receive News & Ratings for Netflix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.