Netflix (NASDAQ:NFLX) received a $388.00 target price from equities research analysts at Macquarie in a note issued to investors on Thursday. The firm presently has a “buy” rating on the Internet television network’s stock. Macquarie’s price target indicates a potential upside of 14.27% from the stock’s previous close.
Other analysts have also recently issued research reports about the company. Pivotal Research raised their target price on Netflix from $420.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, June 21st. Imperial Capital assumed coverage on Netflix in a research report on Tuesday, June 26th. They issued an “outperform” rating and a $503.00 target price for the company. Goldman Sachs Group raised their target price on Netflix to $490.00 and gave the stock a “positive” rating in a research report on Wednesday, June 20th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $415.00 target price on shares of Netflix in a research report on Tuesday, July 17th. Finally, BidaskClub cut Netflix from a “buy” rating to a “hold” rating in a research report on Thursday, August 16th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirty-two have given a buy rating to the company. Netflix presently has an average rating of “Buy” and an average price target of $355.45.
NFLX opened at $339.56 on Thursday. The firm has a market cap of $162.92 billion, a PE ratio of 271.65, a P/E/G ratio of 4.67 and a beta of 0.89. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.54 and a quick ratio of 1.54. Netflix has a fifty-two week low of $178.38 and a fifty-two week high of $423.21.
Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, July 16th. The Internet television network reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.05. The business had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.94 billion. Netflix had a return on equity of 25.66% and a net margin of 7.13%. Netflix’s revenue was up 40.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 earnings per share. Equities research analysts forecast that Netflix will post 2.67 earnings per share for the current fiscal year.
In other Netflix news, CEO Reed Hastings sold 75,656 shares of the firm’s stock in a transaction dated Monday, July 23rd. The stock was sold at an average price of $359.64, for a total transaction of $27,208,923.84. Following the transaction, the chief executive officer now directly owns 75,656 shares in the company, valued at $27,208,923.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO David B. Wells sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 16th. The shares were sold at an average price of $399.01, for a total value of $399,010.00. Following the transaction, the chief financial officer now owns 1,000 shares in the company, valued at $399,010. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 420,428 shares of company stock worth $149,631,503. Corporate 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 the business. CSat Investment Advisory L.P. bought a new position in shares of Netflix in the second quarter worth about $117,000. Guidant Wealth Advisors increased its stake in shares of Netflix by 190.5% in the second quarter. Guidant Wealth Advisors now owns 305 shares of the Internet television network’s stock worth $121,000 after purchasing an additional 200 shares during the period. Signature Estate & Investment Advisors LLC bought a new position in shares of Netflix in the second quarter worth about $124,000. BerganKDV Wealth Management LLC bought a new position in shares of Netflix in the second quarter worth about $137,000. Finally, WealthTrust Fairport LLC increased its stake in shares of Netflix by 133.3% in the second quarter. WealthTrust Fairport LLC now owns 350 shares of the Internet television network’s stock worth $137,000 after purchasing an additional 200 shares during the period. Institutional investors own 73.76% of the company’s stock.
Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.
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