Netflix, Inc. (NASDAQ:NFLX) had its price objective upped by Pivotal Research from $200.00 to $270.00 in a research report released on Tuesday, October 17th, Marketbeat.com reports. They currently have a buy rating on the Internet television network’s stock.
Other equities analysts have also issued reports about the company. Goldman Sachs Group, Inc. (The) set a $175.00 price target on Netflix and gave the company a buy rating in a research note on Wednesday, June 28th. Guggenheim restated a buy rating and set a $180.00 price target (up from $175.00) on shares of Netflix in a research note on Tuesday, June 20th. Vetr lowered Netflix from a strong-buy rating to a buy rating and set a $168.56 price target on the stock. in a research note on Monday, June 19th. MKM Partners restated a buy rating and set a $195.00 price target on shares of Netflix in a research note on Monday, July 10th. Finally, Zacks Investment Research upgraded Netflix from a hold rating to a buy rating and set a $173.00 price target on the stock in a research note on Thursday, July 13th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-three have issued a buy rating to the company’s stock. Netflix presently has a consensus rating of Buy and a consensus target price of $207.20.
Netflix (NASDAQ NFLX) traded up $0.08 during trading on Tuesday, hitting $200.09. The stock had a trading volume of 4,279,319 shares, 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 company has a market capitalization of $86,330.00, a price-to-earnings ratio of 202.03, a PEG ratio of 5.91 and a beta of 1.39. Netflix has a twelve month low of $110.68 and a twelve month high of $204.38.
Netflix (NASDAQ:NFLX) last posted 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). The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The company’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 earnings per share. analysts predict that Netflix will post 1.27 earnings per share for the current year.
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In other news, insider Jonathan Friedland sold 3,622 shares of Netflix stock in a transaction on Friday, October 6th. The shares were sold at an average price of $194.89, for a total transaction of $705,891.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $176.41, for a total transaction of $352,820.00. Following the transaction, the director now owns 8,012 shares in the company, valued at approximately $1,413,396.92. The disclosure for this sale can be found here. Insiders sold 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 large investors have recently modified their holdings of the company. Teacher Retirement System of Texas lifted its holdings in shares of Netflix by 1,660.2% during the third quarter. Teacher Retirement System of Texas now owns 79,331 shares of the Internet television network’s stock worth $14,387,000 after purchasing an additional 74,824 shares during the period. Rhumbline Advisers lifted its holdings in shares of Netflix by 1.1% during the third quarter. Rhumbline Advisers now owns 692,431 shares of the Internet television network’s stock worth $125,572,000 after purchasing an additional 7,338 shares during the period. Parkside Investments LLC acquired a new position in shares of Netflix during the third quarter worth $326,000. Bridgecreek Investment Management LLC lifted its holdings in shares of Netflix by 6.2% during the third quarter. Bridgecreek Investment Management LLC now owns 41,630 shares of the Internet television network’s stock worth $7,550,000 after purchasing an additional 2,425 shares during the period. Finally, Toronto Dominion Bank lifted its holdings in shares of Netflix by 12.2% during the third quarter. Toronto Dominion Bank now owns 163,741 shares of the Internet television network’s stock worth $29,691,000 after purchasing an additional 17,740 shares during the period. 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.
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