A number of other equities analysts also recently commented on NFLX. Buckingham Research downgraded Netflix from a “buy” rating to a “neutral” rating and set a $382.00 price objective on the stock. in a report on Friday, March 8th. Royal Bank of Canada restated a “buy” rating and issued a $480.00 price objective on shares of Netflix in a report on Wednesday, March 20th. SunTrust Banks restated a “buy” rating and issued a $402.00 price objective on shares of Netflix in a report on Wednesday, March 27th. UBS Group initiated coverage on Netflix in a report on Tuesday, April 2nd. They issued a “neutral” rating and a $350.00 price objective on the stock. Finally, Rosenblatt Securities initiated coverage on Netflix in a report on Tuesday, April 2nd. They issued a “neutral” rating and a $350.00 price objective on the stock. Five analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $386.03.
Netflix stock opened at $343.43 on Friday. The stock has a market capitalization of $151.09 billion, a PE ratio of 128.15, a PEG ratio of 3.44 and a beta of 1.30. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.81. Netflix has a 12 month low of $231.23 and a 12 month high of $423.21.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, April 16th. The Internet television network reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.19. The company had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.50 billion. Netflix had a return on equity of 24.75% and a net margin of 7.61%. The company’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same period last year, the business posted $0.64 EPS. On average, equities analysts forecast that Netflix will post 3.34 earnings per share for the current fiscal year.
In other Netflix news, CEO Reed Hastings sold 57,414 shares of Netflix stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $348.88, for a total transaction of $20,030,596.32. Following the sale, the chief executive officer now directly owns 57,414 shares in the company, valued at approximately $20,030,596.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 166,838 shares of company stock worth $60,415,372 over the last 90 days. 4.29% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Clarfeld Financial Advisors LLC acquired a new position in shares of Netflix in the 4th quarter worth approximately $27,000. Pearl River Capital LLC acquired a new position in shares of Netflix in the 4th quarter worth approximately $30,000. Citizens Financial Group Inc RI grew its position in shares of Netflix by 750.0% in the 4th quarter. Citizens Financial Group Inc RI now owns 136 shares of the Internet television network’s stock worth $36,000 after acquiring an additional 120 shares in the last quarter. TCG Advisors LP acquired a new position in shares of Netflix in the 1st quarter worth approximately $36,000. Finally, Joseph P. Lucia & Associates LLC acquired a new position in shares of Netflix in the 1st quarter worth approximately $44,000. Institutional investors own 77.05% 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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