Netflix (NFLX) Stock Rating Reaffirmed by Wells Fargo & Co

Netflix (NASDAQ:NFLX)‘s stock had its “outperform” rating reissued by analysts at Wells Fargo & Co in a note issued to investors on Monday, January 8th, The Fly reports. They currently have a $250.00 price objective on the Internet television network’s stock, up from their previous price objective of $230.00. Wells Fargo & Co’s price objective suggests a potential upside of 13.00% from the company’s previous close.

A number of other brokerages also recently commented on NFLX. Credit Suisse Group set a $224.00 price objective on shares of Netflix and gave the company a “neutral” rating in a research report on Monday, January 8th. Vetr raised shares of Netflix from a “hold” rating to a “buy” rating and set a $213.88 target price for the company in a report on Thursday, January 4th. SunTrust Banks set a $175.00 target price on shares of Netflix and gave the stock a “hold” rating in a report on Monday, October 16th. Jefferies Group set a $190.00 target price on shares of Netflix and gave the stock a “neutral” rating in a report on Tuesday, October 17th. Finally, Wedbush set a $93.00 target price on shares of Netflix and gave the stock a “sell” rating in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and thirty-five have given a buy rating to the company’s stock. Netflix currently has an average rating of “Buy” and a consensus target price of $212.08.

Shares of Netflix (NASDAQ NFLX) traded up $3.99 on Monday, hitting $221.23. 8,197,800 shares of the stock were exchanged, compared to its average volume of 7,348,377. Netflix has a 52 week low of $130.58 and a 52 week high of $222.55. The company has a market cap of $95,730.00, a P/E ratio of 223.46, a PEG ratio of 3.59 and a beta of 1.34. 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 announced its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.97 billion. During the same period last year, the business earned $0.12 EPS. The business’s revenue was up 30.3% on a year-over-year basis. analysts expect that Netflix will post 1.25 earnings per share for the current year.

In related news, insider Jonathan Friedland sold 3,617 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $203.35, for a total transaction of $735,516.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard N. Barton sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $211.27, for a total transaction of $147,889.00. Following the transaction, the director now owns 36,022 shares of the company’s stock, valued at $7,610,367.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 340,234 shares of company stock valued at $66,100,061. 4.90% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC increased its position 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 period. Kalos Management Inc. increased its position 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 period. Laurel Wealth Advisors Inc. increased its position in Netflix by 1.6% in the 2nd quarter. Laurel Wealth Advisors Inc. now owns 3,452 shares of the Internet television network’s stock valued at $515,000 after acquiring an additional 53 shares during the period. Sii Investments Inc. WI increased its position in Netflix by 2.1% in the 2nd quarter. Sii Investments Inc. WI now owns 3,075 shares of the Internet television network’s stock valued at $460,000 after acquiring an additional 64 shares during the period. Finally, Sunbelt Securities Inc. increased its position in Netflix by 2.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 3,103 shares of the Internet television network’s stock valued at $464,000 after acquiring an additional 65 shares during the period. Hedge funds and other institutional investors own 83.27% of the company’s stock.

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About Netflix

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.

The Fly

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