Netflix, Inc. (NASDAQ:NFLX)‘s stock had its “neutral” rating reaffirmed by stock analysts at Robert W. Baird in a research note issued on Tuesday, October 17th. They currently have a $190.00 target price on the Internet television network’s stock, up from their previous target price of $175.00. Robert W. Baird’s price objective would indicate a potential downside of 5.06% from the company’s previous close.
Other equities analysts have also recently issued reports about the company. Goldman Sachs Group, Inc. (The) set a $175.00 price objective on Netflix and gave the stock a “buy” rating in a report on Wednesday, June 28th. Guggenheim reiterated a “buy” rating and issued a $180.00 price objective (up from $175.00) on shares of Netflix in a report on Tuesday, June 20th. Vetr cut Netflix from a “strong-buy” rating to a “buy” rating and set a $168.56 price objective for the company. in a report on Monday, June 19th. MKM Partners reiterated a “buy” rating and issued a $195.00 price objective on shares of Netflix in a report on Monday, July 10th. Finally, Zacks Investment Research upgraded Netflix from a “hold” rating to a “buy” rating and set a $173.00 price objective for the company in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $207.20.
Netflix (NFLX) traded up $0.12 during trading on Tuesday, reaching $200.13. The company had a trading volume of 4,687,380 shares, compared to its average volume of 8,330,000. Netflix has a twelve month low of $110.68 and a twelve month high of $204.38. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market capitalization of $86,330.00, a PE ratio of 202.03, a price-to-earnings-growth ratio of 5.91 and a beta of 1.39.
Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.97 billion. During the same quarter in the previous year, the firm earned $0.12 earnings per share. Netflix’s quarterly revenue was up 30.3% compared to the same quarter last year. equities research analysts predict that Netflix will post 1.27 EPS for the current year.
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In other news, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $197.38, for a total transaction of $138,166.00. Following the sale, the director now directly owns 7,362 shares of the company’s stock, valued at $1,453,111.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Reed Hastings sold 93,380 shares of the business’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $166.07, for a total transaction of $15,507,616.60. Following the sale, the chief executive officer now directly owns 93,380 shares in the company, valued at $15,507,616.60. The disclosure for this sale can be found here. Insiders have sold 340,487 shares of company stock worth $62,816,777 over the last three months. Corporate insiders own 4.90% of the company’s stock.
Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC purchased a new stake in Netflix in the second quarter valued at $1,045,000. Calamos Advisors LLC boosted its holdings in Netflix by 198.5% in the second quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock valued at $31,218,000 after purchasing an additional 138,945 shares during the last quarter. Alps Advisors Inc. purchased a new stake in Netflix in the second quarter valued at $262,000. Guardian Life Insurance Co. of America boosted its holdings in Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after purchasing an additional 11 shares during the last quarter. Finally, Teachers Advisors LLC boosted its holdings in Netflix by 2.0% in the first quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock valued at $192,231,000 after purchasing an additional 25,266 shares during the last quarter. 80.68% of the stock is currently owned by institutional investors.
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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