Netflix (NASDAQ:NFLX)‘s stock had its “sell” rating reiterated by investment analysts at Wedbush in a report issued on Friday, AnalystRatings.com reports. They presently have a $183.00 price objective on the Internet television network’s stock. Wedbush’s target price would suggest a potential downside of 50.97% from the stock’s previous close.
Other equities research analysts have also issued reports about the stock. BidaskClub lowered shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research report on Monday, June 24th. UBS Group lowered shares of Ecolab from a “buy” rating to a “neutral” rating and lifted their target price for the company from $180.00 to $186.00 in a research report on Thursday, April 18th. Pivotal Research reiterated a “buy” rating and set a $500.00 target price on shares of Netflix in a research report on Tuesday, April 16th. Rosenblatt Securities reiterated a “neutral” rating and set a $370.00 target price (up from $350.00) on shares of Netflix in a research report on Wednesday. Finally, Barclays reiterated a “buy” rating on shares of Netflix in a research report on Thursday, May 16th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Netflix has an average rating of “Buy” and a consensus target price of $393.24.
Shares of NASDAQ:NFLX opened at $373.25 on Friday. The company’s 50 day moving average price is $361.38. The stock has a market capitalization of $163.19 billion, a PE ratio of 133.30, a P/E/G ratio of 3.72 and a beta of 1.26. Netflix has a 12 month low of $231.23 and a 12 month high of $410.00. 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 (NASDAQ:NFLX) last announced its earnings results on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.19. Netflix had a net margin of 7.61% and a return on equity of 24.75%. The business had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.50 billion. During the same period in the previous year, the business posted $0.64 earnings per share. Netflix’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, equities analysts anticipate that Netflix will post 3.35 earnings per share for the current year.
In other Netflix news, CEO Reed Hastings sold 57,414 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $348.88, for a total transaction of $20,030,596.32. Following the transaction, the chief executive officer now directly owns 57,414 shares of the company’s stock, valued at approximately $20,030,596.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ann Mather sold 1,208 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $375.00, for a total transaction of $453,000.00. Following the transaction, the director now directly owns 357 shares in the company, valued at $133,875. The disclosure for this sale can be found here. Over the last three months, insiders have sold 167,486 shares of company stock worth $60,955,416. Insiders own 4.29% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Clarfeld Financial Advisors LLC purchased a new position in Netflix during the 4th quarter valued at $27,000. TCG Advisors LP purchased a new position in Netflix during the 1st quarter valued at $36,000. Joseph P. Lucia & Associates LLC purchased a new position in Netflix during the 1st quarter valued at $44,000. Thompson Siegel & Walmsley LLC increased its position in Netflix by 182.0% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 141 shares of the Internet television network’s stock valued at $50,000 after purchasing an additional 91 shares during the period. Finally, Aspire Private Capital LLC purchased a new position in Netflix during the 4th quarter valued at $52,000. 77.02% of the stock is currently owned by institutional investors and hedge funds.
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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