Netflix (NASDAQ:NFLX)‘s stock had its “hold” rating restated by analysts at KeyCorp in a research report issued to clients and investors on Monday, Stock Target Advisor reports.
A number of other equities analysts have also commented on NFLX. Wells Fargo & Co lowered shares of Netflix from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $308.00 to $265.00 in a research report on Monday, November 25th. Needham & Company LLC reaffirmed a “hold” rating on shares of Netflix in a report on Thursday, October 3rd. UBS Group set a $370.00 target price on shares of Netflix and gave the company a “buy” rating in a research note on Thursday, October 10th. Royal Bank of Canada dropped their target price on shares of Netflix from $450.00 to $420.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Finally, Raymond James cut their target price on shares of Netflix from $450.00 to $415.00 and set a “strong-buy” rating for the company in a research report on Monday, October 14th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $364.72.
Shares of NASDAQ NFLX opened at $306.16 on Monday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market cap of $134.05 billion, a price-to-earnings ratio of 114.24, a P/E/G ratio of 3.13 and a beta of 1.30. The business’s 50-day simple moving average is $293.08 and its 200-day simple moving average is $315.26. Netflix has a 52 week low of $231.23 and a 52 week high of $385.99.
Netflix (NASDAQ:NFLX) last posted its earnings results on Wednesday, October 16th. The Internet television network reported $1.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.42. The firm had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.25 billion. Netflix had a return on equity of 23.65% and a net margin of 7.49%. The company’s revenue for the quarter was up 31.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 EPS. As a group, equities research analysts forecast that Netflix will post 3.35 earnings per share for the current year.
In related news, CEO Reed Hastings sold 54,516 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $312.04, for a total value of $17,011,172.64. Following the completion of the transaction, the chief executive officer now directly owns 54,516 shares in the company, valued at $17,011,172.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have sold 137,949 shares of company stock worth $39,615,261. 3.72% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Whittier Trust Co. lifted its stake in Netflix by 8.0% during the second quarter. Whittier Trust Co. now owns 947 shares of the Internet television network’s stock worth $348,000 after purchasing an additional 70 shares during the period. BB&T Corp grew its position in Netflix by 14.4% in the second quarter. BB&T Corp now owns 6,294 shares of the Internet television network’s stock valued at $2,312,000 after acquiring an additional 794 shares during the period. Carnegie Capital Asset Management LLC raised its stake in Netflix by 14.1% during the second quarter. Carnegie Capital Asset Management LLC now owns 2,027 shares of the Internet television network’s stock worth $745,000 after acquiring an additional 250 shares in the last quarter. Shufro Rose & Co. LLC raised its stake in Netflix by 40.5% during the second quarter. Shufro Rose & Co. LLC now owns 1,735 shares of the Internet television network’s stock worth $637,000 after acquiring an additional 500 shares in the last quarter. Finally, Westside Investment Management Inc. bought a new position in shares of Netflix during the second quarter valued at $66,000. Hedge funds and other institutional investors own 80.83% of the company’s stock.
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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