Stifel Nicolaus restated their buy rating on shares of Netflix (NASDAQ:NFLX) in a research report report published on Tuesday morning, AnalystRatings.com reports. Stifel Nicolaus currently has a $400.00 target price on the Internet television network’s stock.
Several other analysts have also recently weighed in on the stock. Macquarie cut shares of Netflix from an outperform rating to a neutral rating and cut their price target for the company from $375.00 to $325.00 in a report on Thursday, October 17th. Evercore ISI cut their price target on shares of Netflix from $380.00 to $300.00 and set an in-line rating on the stock in a report on Monday, October 7th. Bank of America cut their price target on shares of Netflix from $450.00 to $426.00 and set a buy rating on the stock in a report on Thursday, October 17th. Pivotal Research lifted their price target on shares of Netflix from $400.00 to $425.00 and gave the company a buy rating in a report on Thursday, December 19th. Finally, Morgan Stanley cut their price target on shares of Netflix from $450.00 to $400.00 and set an overweight rating on the stock in a report on Monday, October 14th. Five analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Netflix presently has an average rating of Hold and an average price target of $373.29.
Shares of Netflix stock opened at $338.69 on Tuesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.73 and a current ratio of 0.73. Netflix has a 52-week low of $252.28 and a 52-week high of $385.99. The stock has a market capitalization of $148.05 billion, a price-to-earnings ratio of 126.38, a P/E/G ratio of 2.01 and a beta of 1.28. The company’s 50 day moving average price is $320.21 and its 200-day moving average price is $308.30.
Netflix (NASDAQ:NFLX) last issued its earnings results on Wednesday, October 16th. The Internet television network reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.42. Netflix had a net margin of 7.49% and a return on equity of 23.65%. The firm had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.25 billion. During the same quarter last year, the business earned $0.89 earnings per share. The business’s revenue was up 31.2% on a year-over-year basis. As a group, equities research analysts forecast that Netflix will post 3.33 earnings per share for the current fiscal year.
In other Netflix news, CEO Reed Hastings sold 54,516 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $312.04, for a total transaction of $17,011,172.64. Following the completion of the transaction, the chief executive officer now owns 54,516 shares of the company’s stock, valued at $17,011,172.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.72% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Winthrop Partners WNY LLC lifted its position in Netflix by 64.9% during the third quarter. Winthrop Partners WNY LLC now owns 94 shares of the Internet television network’s stock valued at $25,000 after buying an additional 37 shares during the period. 1 North Wealth Services LLC purchased a new position in Netflix during the third quarter valued at $25,000. Intercontinental Wealth Advisors LLC lifted its position in Netflix by 100.0% during the third quarter. Intercontinental Wealth Advisors LLC now owns 96 shares of the Internet television network’s stock valued at $26,000 after buying an additional 48 shares during the period. Fulcrum Equity Management purchased a new position in Netflix during the third quarter valued at $27,000. Finally, CX Institutional purchased a new position in Netflix during the third quarter valued at $35,000. 80.80% of the stock is owned by institutional investors and hedge funds.
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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