Vetr upgraded shares of Netflix (NASDAQ:NFLX) from a buy rating to a strong-buy rating in a research report released on Friday, December 22nd. The firm currently has $214.83 target price on the Internet television network’s stock.
Other equities research analysts have also recently issued reports about the company. Bank of America upped their price objective on Netflix from $199.00 to $225.00 in a research note on Tuesday, October 17th. Piper Jaffray Companies restated a buy rating and set a $215.00 price objective on shares of Netflix in a research note on Monday, September 18th. Sanford C. Bernstein set a $203.00 target price on Netflix and gave the company a buy rating in a research report on Monday, September 18th. KeyCorp reaffirmed a buy rating and set a $190.00 target price on shares of Netflix in a research report on Friday, August 25th. Finally, Guggenheim reaffirmed a buy rating and set a $210.00 target price (up from $190.00) on shares of Netflix in a research report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-six have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $211.77.
Shares of Netflix (NFLX) traded up $3.99 during midday trading on Friday, hitting $221.23. The company had a trading volume of 8,188,580 shares, compared to its average volume of 6,460,000. 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 cap of $95,730.00, a PE ratio of 223.46, a P/E/G ratio of 3.53 and a beta of 1.34. Netflix has a 1 year low of $130.58 and a 1 year high of $222.55.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The company had revenue of $2.99 billion for 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%. The company’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 earnings per share. analysts predict that Netflix will post 1.25 EPS for the current year.
In related news, Director Richard N. Barton sold 350 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $185.71, for a total transaction of $64,998.50. Following the sale, the director now directly owns 7,171 shares of the company’s stock, valued at $1,331,726.41. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan Friedland sold 995 shares of the firm’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $219.92, for a total value of $218,820.40. Following the sale, the insider now directly owns 1,016 shares in the company, valued at $223,438.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 341,102 shares of company stock worth $66,275,397. 4.90% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of NFLX. Balentine LLC boosted its position in Netflix by 1,020.4% during the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after purchasing an additional 500 shares in the last quarter. Almanack Investment Partners LLC. purchased a new position in Netflix during the second quarter worth approximately $101,000. Aviance Capital Management LLC purchased a new position in Netflix during the second quarter worth approximately $137,000. Captrust Financial Advisors purchased a new position in Netflix during the second quarter worth approximately $139,000. Finally, Harfst & Associates Inc. boosted its position in Netflix by 36.8% during the second quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock worth $151,000 after purchasing an additional 273 shares in the last quarter. Institutional investors own 83.27% 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.
To view Vetr’s full report, visit Vetr’s official website.
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