NFLX has been the topic of several other research reports. Citigroup lifted their price target on shares of Netflix from $325.00 to $350.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Oppenheimer lifted their price target on shares of Netflix from $385.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Pivotal Research reiterated a “buy” rating and issued a $425.00 price target on shares of Netflix in a report on Wednesday, January 22nd. Needham & Company LLC reiterated a “sell” rating on shares of Netflix in a report on Tuesday, March 10th. Finally, William Blair reiterated a “buy” rating on shares of Netflix in a report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $381.58.
NASDAQ:NFLX opened at $362.99 on Friday. The stock has a market cap of $159.28 billion, a P/E ratio of 87.89, a price-to-earnings-growth ratio of 1.97 and a beta of 1.27. The firm’s fifty day simple moving average is $361.48 and its 200 day simple moving average is $318.76. Netflix has a twelve month low of $252.28 and a twelve month high of $393.52. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.95.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.78. The business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.45 billion. Netflix had a net margin of 9.26% and a return on equity of 28.45%. The firm’s revenue for the quarter was up 30.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 earnings per share. On average, analysts expect that Netflix will post 6.06 EPS for the current fiscal year.
In other news, Director Jay C. Hoag sold 1,894 shares of Netflix stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $371.75, for a total value of $704,094.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Reed Hastings sold 57,197 shares of Netflix stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $355.77, for a total value of $20,348,976.69. Following the completion of the transaction, the chief executive officer now directly owns 57,197 shares of the company’s stock, valued at approximately $20,348,976.69. The disclosure for this sale can be found here. In the last ninety days, insiders sold 220,560 shares of company stock valued at $79,422,333. 4.29% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of NFLX. Norges Bank purchased a new position in shares of Netflix in the 4th quarter worth about $1,195,984,000. Private Advisor Group LLC raised its position in shares of Netflix by 100.9% in the 4th quarter. Private Advisor Group LLC now owns 30,154 shares of the Internet television network’s stock worth $9,757,000 after purchasing an additional 3,558,154 shares during the last quarter. Capital International Investors raised its position in shares of Netflix by 36.5% in the 4th quarter. Capital International Investors now owns 10,758,982 shares of the Internet television network’s stock worth $3,481,284,000 after purchasing an additional 2,874,435 shares during the last quarter. Capital Research Global Investors raised its position in shares of Netflix by 7.7% in the 4th quarter. Capital Research Global Investors now owns 38,002,047 shares of the Internet television network’s stock worth $12,296,322,000 after purchasing an additional 2,713,207 shares during the last quarter. Finally, Capital World Investors raised its position in shares of Netflix by 13.1% in the 4th quarter. Capital World Investors now owns 14,480,179 shares of the Internet television network’s stock worth $4,685,351,000 after purchasing an additional 1,682,813 shares during the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.
Netflix Company Profile
Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
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