Netflix (NASDAQ:NFLX) had its target price boosted by Piper Jaffray from $360.00 to $367.00 in a research note released on Tuesday morning. Piper Jaffray also issued estimates for Netflix’s Q2 2018 earnings at $0.80 EPS, Q3 2018 earnings at $0.61 EPS, Q4 2018 earnings at $0.71 EPS, FY2018 earnings at $2.76 EPS, Q2 2019 earnings at $0.97 EPS, Q3 2019 earnings at $1.12 EPS, Q4 2019 earnings at $1.31 EPS, FY2019 earnings at $4.33 EPS and FY2020 earnings at $6.58 EPS.
Other research analysts have also issued research reports about the stock. Cowen reissued a buy rating and issued a $325.00 price target (up previously from $275.00) on shares of Netflix in a research report on Wednesday, April 11th. Wedbush set a $110.00 price objective on shares of Netflix and gave the stock a sell rating in a research note on Thursday, April 12th. Oppenheimer upped their price objective on shares of Netflix from $285.00 to $370.00 and gave the stock an outperform rating in a research note on Tuesday. Credit Suisse Group reaffirmed a neutral rating and set a $266.00 price objective (up from $224.00) on shares of Netflix in a research note on Tuesday, January 23rd. Finally, William Blair reaffirmed an outperform rating on shares of Netflix in a research note on Tuesday, January 23rd. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $293.44.
NASDAQ:NFLX opened at $332.70 on Tuesday. Netflix has a 12-month low of $139.27 and a 12-month high of $338.82. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.30 and a quick ratio of 1.40. The stock has a market capitalization of $145,164.42, a P/E ratio of 266.16, a price-to-earnings-growth ratio of 4.37 and a beta of 0.99.
In related news, Director Richard N. Barton sold 700 shares of the firm’s stock in a transaction on Thursday, April 5th. The shares were sold at an average price of $283.39, for a total transaction of $198,373.00. Following the sale, the director now directly owns 7,393 shares in the company, valued at $2,095,102.27. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Reed Hastings sold 75,369 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $225.52, for a total transaction of $16,997,216.88. Following the sale, the chief executive officer now owns 75,369 shares in the company, valued at $16,997,216.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 442,200 shares of company stock worth $119,779,880. Company insiders own 4.90% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Duncker Streett & Co. Inc. raised its holdings in shares of Netflix by 47.1% during the fourth quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after acquiring an additional 200 shares during the period. Buckingham Asset Management LLC raised its holdings in shares of Netflix by 9.2% during the fourth quarter. Buckingham Asset Management LLC now owns 2,386 shares of the Internet television network’s stock worth $458,000 after acquiring an additional 202 shares during the period. CWA Asset Management Group LLC raised its holdings in shares of Netflix by 8.5% during the fourth quarter. CWA Asset Management Group LLC now owns 2,700 shares of the Internet television network’s stock worth $518,000 after acquiring an additional 211 shares during the period. Hanseatic Management Services Inc. raised its holdings in shares of Netflix by 3.6% during the fourth quarter. Hanseatic Management Services Inc. now owns 6,256 shares of the Internet television network’s stock worth $1,201,000 after acquiring an additional 219 shares during the period. Finally, Murphy Capital Management Inc. raised its holdings in shares of Netflix by 5.4% during the fourth quarter. Murphy Capital Management Inc. now owns 4,316 shares of the Internet television network’s stock worth $828,000 after acquiring an additional 220 shares during the period. Institutional investors and hedge funds own 81.65% of the company’s stock.
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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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