Netflix (NASDAQ:NFLX) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.
A number of other research firms have also weighed in on NFLX. Morgan Stanley restated an “overweight” rating and set a $255.00 price objective (up from $235.00) on shares of Netflix in a research note on Thursday, January 18th. SunTrust Banks set a $270.00 price target on shares of Netflix and gave the company a “hold” rating in a report on Wednesday, February 14th. Loop Capital reaffirmed a “buy” rating and set a $237.00 price target on shares of Netflix in a report on Wednesday, December 6th. Canaccord Genuity reaffirmed a “buy” rating and set a $280.00 price target (up previously from $225.00) on shares of Netflix in a report on Tuesday, January 23rd. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $250.00 price target (up previously from $230.00) on shares of Netflix in a report on Monday, January 8th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $240.15.
Shares of Netflix (NASDAQ NFLX) traded up $0.03 during trading on Wednesday, hitting $278.55. 7,764,600 shares of the company traded hands, compared to its average volume of 10,582,530. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $120,863.31, a price-to-earnings ratio of 222.84, a price-to-earnings-growth ratio of 3.82 and a beta of 1.04. Netflix has a 52 week low of $138.26 and a 52 week high of $286.81.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. Netflix’s revenue was up 32.6% compared to the same quarter last year. During the same period last year, the business earned $0.15 EPS. equities analysts anticipate that Netflix will post 2.73 EPS for the current fiscal year.
In related news, Director A George Battle sold 10,716 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $258.49, for a total value of $2,769,978.84. Following the sale, the director now owns 2,575 shares in the company, valued at $665,611.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Theodore A. Sarandos sold 163,747 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $262.91, for a total transaction of $43,050,723.77. Following the completion of the sale, the insider now owns 23,953 shares in the company, valued at approximately $6,297,483.23. The disclosure for this sale can be found here. In the last quarter, insiders have sold 393,658 shares of company stock worth $92,837,864. Company insiders own 4.90% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Lincoln National Corp increased its position in Netflix by 7.0% in the third quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock worth $742,000 after purchasing an additional 268 shares during the last quarter. BB&T Corp boosted its stake in Netflix by 20.0% during the third quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock worth $700,000 after buying an additional 642 shares during the period. Arthur M. Cohen & Associates LLC purchased a new position in Netflix during the fourth quarter worth $1,082,000. Mizuho Securities USA LLC purchased a new position in Netflix during the third quarter worth $9,793,000. Finally, AGF Investments Inc. purchased a new position in Netflix during the third quarter worth $60,036,000. Institutional investors own 82.23% of the company’s stock.
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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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