Netflix (NASDAQ:NFLX) received a $451.00 price objective from equities research analysts at Imperial Capital in a research note issued to investors on Thursday, TipRanks reports. The brokerage currently has a “buy” rating on the Internet television network’s stock. Imperial Capital’s price objective indicates a potential upside of 53.32% from the company’s current price. Imperial Capital also issued estimates for Netflix’s FY2019 earnings at $3.31 EPS, Q4 2020 earnings at $1.25 EPS and FY2020 earnings at $5.87 EPS.
NFLX has been the topic of several other research reports. Barclays reissued a “buy” rating on shares of Netflix in a report on Thursday, May 16th. Wedbush raised their price target on Netflix from $183.00 to $188.00 and gave the stock an “underperform” rating in a report on Thursday, July 18th. Pivotal Research reissued a “buy” rating and issued a $515.00 price target (up previously from $500.00) on shares of Netflix in a report on Wednesday, July 17th. Rosenblatt Securities reissued a “neutral” rating and issued a $370.00 price target (up previously from $350.00) on shares of Netflix in a report on Wednesday, July 10th. Finally, BMO Capital Markets lowered their target price on Netflix from $470.00 to $440.00 and set an “outperform” rating on the stock in a research report on Thursday, July 18th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $391.38.
NASDAQ:NFLX traded up $5.29 during trading hours on Thursday, reaching $294.15. 6,456,494 shares of the stock were exchanged, compared to its average volume of 5,782,353. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.06. The firm has a 50 day simple moving average of $304.14 and a 200-day simple moving average of $345.93. Netflix has a 52 week low of $231.23 and a 52 week high of $386.80. The stock has a market capitalization of $126.47 billion, a P/E ratio of 109.76, a P/E/G ratio of 2.96 and a beta of 1.24.
Netflix (NASDAQ:NFLX) last released its earnings results on Wednesday, July 17th. The Internet television network reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. Netflix had a return on equity of 20.88% and a net margin of 6.53%. The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.93 billion. During the same quarter last year, the business posted $0.85 EPS. Netflix’s quarterly revenue was up 26.0% compared to the same quarter last year. As a group, analysts expect that Netflix will post 3.25 earnings per share for the current year.
In related news, Director Bradford L. Smith bought 6,499 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $308.49 per share, for a total transaction of $2,004,876.51. Following the completion of the acquisition, the director now directly owns 799 shares in the company, valued at $246,483.51. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Reed Hastings sold 55,342 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $309.54, for a total value of $17,130,562.68. Following the transaction, the chief executive officer now owns 55,342 shares in the company, valued at $17,130,562.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 160,717 shares of company stock valued at $52,621,735. Insiders own 4.29% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of NFLX. Hartford Investment Management Co. boosted its holdings in shares of Netflix by 0.8% in the 2nd quarter. Hartford Investment Management Co. now owns 53,204 shares of the Internet television network’s stock worth $19,543,000 after acquiring an additional 447 shares in the last quarter. Magnus Financial Group LLC boosted its holdings in shares of Netflix by 3.2% in the 1st quarter. Magnus Financial Group LLC now owns 1,120 shares of the Internet television network’s stock worth $399,000 after acquiring an additional 35 shares in the last quarter. Bailard Inc. boosted its holdings in shares of Netflix by 14.6% in the 2nd quarter. Bailard Inc. now owns 787 shares of the Internet television network’s stock worth $289,000 after acquiring an additional 100 shares in the last quarter. Northern Trust Corp raised its position in Netflix by 1.9% in the 1st quarter. Northern Trust Corp now owns 4,948,504 shares of the Internet television network’s stock worth $1,764,438,000 after purchasing an additional 90,312 shares during the last quarter. Finally, Dearborn Partners LLC raised its position in Netflix by 10.4% in the 2nd quarter. Dearborn Partners LLC now owns 1,106 shares of the Internet television network’s stock worth $406,000 after purchasing an additional 104 shares during the last quarter. Institutional investors own 78.95% of the company’s stock.
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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