Loop Capital reiterated their buy rating on shares of Netflix (NASDAQ:NFLX) in a research note issued to investors on Wednesday, December 6th. They currently have a $237.00 price objective on the Internet television network’s stock.
Other equities analysts also recently issued reports about the company. Bank of America upped their price target on Netflix from $199.00 to $225.00 in a research report on Tuesday, October 17th. Rosenblatt Securities reissued a buy rating and issued a $200.00 target price on shares of Netflix in a research report on Wednesday, August 16th. JPMorgan Chase & Co. reissued a buy rating on shares of Netflix in a research report on Wednesday, August 9th. Cantor Fitzgerald reaffirmed a buy rating and issued a $205.00 price target on shares of Netflix in a report on Friday, August 11th. Finally, Sanford C. Bernstein set a $203.00 price target on shares of Netflix and gave the company a buy rating in a report on Wednesday, August 30th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and thirty-four have issued a buy rating to the stock. The company has an average rating of Buy and an average target price of $209.46.
Shares of Netflix (NASDAQ:NFLX) traded down $0.75 during midday trading on Wednesday, hitting $191.96. The company had a trading volume of 5,179,287 shares, compared to its average volume of 5,495,787. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $83,391.62, a price-to-earnings ratio of 193.90, a price-to-earnings-growth ratio of 5.74 and a beta of 1.33. Netflix has a 12-month low of $123.60 and a 12-month high of $204.38.
In other news, CEO Reed Hastings sold 91,861 shares of Netflix stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $189.03, for a total transaction of $17,364,484.83. Following the completion of the sale, the chief executive officer now directly owns 91,861 shares of the company’s stock, valued at approximately $17,364,484.83. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ann Mather sold 3,885 shares of Netflix stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $200.00, for a total transaction of $777,000.00. Following the sale, the director now directly owns 1,015 shares of the company’s stock, valued at $203,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 342,379 shares of company stock valued at $66,364,878. Corporate insiders own 4.90% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Balentine LLC increased its stake in Netflix by 1,020.4% in the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after purchasing an additional 500 shares during the period. Almanack Investment Partners LLC. acquired a new position in shares of Netflix during the second quarter worth about $101,000. Aviance Capital Management LLC acquired a new position in shares of Netflix during the second quarter worth about $137,000. Captrust Financial Advisors acquired a new position in shares of Netflix during the second quarter worth about $139,000. Finally, Harfst & Associates Inc. increased its stake in shares of Netflix by 36.8% during the second quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock worth $151,000 after acquiring an additional 273 shares during the period. Institutional investors own 83.27% of the company’s stock.
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Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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