Netflix (NFLX) Bond Prices Fall 1.3%

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An issue of Netflix, Inc. (NASDAQ:NFLX) bonds fell 1.3% as a percentage of their face value during trading on Friday. The high-yield issue of debt has a 4.875% coupon and will mature on April 15, 2028. The bonds in the issue are now trading at $97.75 and were trading at $96.91 one week ago. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its share price.

Several equities analysts have recently issued reports on NFLX shares. Wedbush restated a “sell” rating and set a $150.00 target price on shares of Netflix in a research report on Monday, January 14th. JPMorgan Chase & Co. cut their price objective on Netflix from $425.00 to $425.00 and set an “overweight” rating on the stock in a report on Monday, January 14th. Raymond James upgraded Netflix from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $435.00 to $450.00 in a report on Friday, January 11th. Goldman Sachs Group reiterated a “conviction-buy” rating and set a $400.00 price objective on shares of Netflix in a report on Friday, January 4th. Finally, Nomura reiterated a “neutral” rating and set a $300.00 price objective on shares of Netflix in a report on Monday, January 7th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $375.75.

NASDAQ NFLX traded up $2.64 during trading on Friday, hitting $361.46. The stock had a trading volume of 8,438,807 shares, compared to its average volume of 10,269,636. The stock has a market capitalization of $157.70 billion, a price-to-earnings ratio of 134.87, a PEG ratio of 2.94 and a beta of 1.37. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.49 and a current ratio of 1.49. Netflix, Inc. has a 12 month low of $231.23 and a 12 month high of $423.21.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, January 17th. The Internet television network reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.06. The firm had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Netflix had a return on equity of 25.82% and a net margin of 7.67%. The business’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 EPS. On average, equities research analysts forecast that Netflix, Inc. will post 4.05 EPS for the current year.

In other Netflix news, Director Anne M. Sweeney sold 1,649 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $370.00, for a total transaction of $610,130.00. Following the transaction, the director now owns 609 shares of the company’s stock, valued at approximately $225,330. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Reed Hastings sold 63,147 shares of the business’s stock in a transaction that occurred on Monday, December 24th. The stock was sold at an average price of $241.12, for a total value of $15,226,004.64. Following the transaction, the chief executive officer now directly owns 63,147 shares in the company, valued at approximately $15,226,004.64. The disclosure for this sale can be found here. Insiders sold a total of 197,639 shares of company stock worth $61,581,281 in the last 90 days. Company insiders own 4.29% of the company’s stock.

Several large investors have recently bought and sold shares of NFLX. Versant Capital Management Inc increased its position in shares of Netflix by 59.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 35 shares during the last quarter. Clarfeld Financial Advisors LLC acquired a new position in shares of Netflix during the 4th quarter worth approximately $27,000. Pearl River Capital LLC acquired a new position in shares of Netflix during the 4th quarter worth approximately $30,000. NuWave Investment Management LLC increased its position in shares of Netflix by 338.5% during the 4th quarter. NuWave Investment Management LLC now owns 114 shares of the Internet television network’s stock worth $31,000 after purchasing an additional 88 shares during the last quarter. Finally, Citizens Financial Group Inc RI increased its position in shares of Netflix by 750.0% during the 4th quarter. Citizens Financial Group Inc RI now owns 136 shares of the Internet television network’s stock worth $36,000 after purchasing an additional 120 shares during the last quarter. 75.08% of the stock is currently owned by hedge funds and other institutional investors.

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About Netflix (NASDAQ:NFLX)

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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