Netflix (NFLX) PT Raised to $345.00 at Stifel Nicolaus

Netflix (NASDAQ:NFLX) had its price target boosted by Stifel Nicolaus from $325.00 to $345.00 in a report released on Tuesday morning, MarketBeat reports. The brokerage currently has a hold rating on the Internet television network’s stock.

Several other equities analysts have also recently weighed in on NFLX. Vetr cut shares of Netflix from a strong-buy rating to a buy rating and set a $212.23 price target on the stock. in a research report on Monday, December 18th. Zacks Investment Research raised shares of Netflix from a hold rating to a buy rating and set a $213.00 price target on the stock in a research report on Tuesday, December 19th. Macquarie raised shares of Netflix from a neutral rating to an outperform rating and raised their price target for the company from $200.00 to $220.00 in a research report on Tuesday, January 2nd. Loop Capital raised their price target on shares of Netflix from $237.00 to $241.00 and gave the company a buy rating in a research report on Tuesday, January 2nd. Finally, Credit Suisse Group set a $224.00 price target on shares of Netflix and gave the company a neutral rating in a research report on Monday, January 8th. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $293.44.

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Shares of NASDAQ NFLX opened at $327.77 on Tuesday. Netflix has a fifty-two week low of $140.90 and a fifty-two week high of $338.82. The stock has a market capitalization of $144,610.50, a P/E ratio of 262.22, a price-to-earnings-growth ratio of 4.33 and a beta of 0.99. The company has a current ratio of 1.30, a quick ratio of 1.40 and a debt-to-equity ratio of 1.63.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, April 16th. The Internet television network reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.01. Netflix had a net margin of 5.26% and a return on equity of 19.11%. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter last year, the firm earned $0.40 EPS. The firm’s revenue for the quarter was up 40.3% compared to the same quarter last year. sell-side analysts expect that Netflix will post 2.88 earnings per share for the current year.

In other news, insider Gregory K. Peters sold 9,009 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $275.00, for a total transaction of $2,477,475.00. Following the completion of the transaction, the insider now directly owns 22,099 shares in the company, valued at approximately $6,077,225. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gregory K. Peters sold 8,358 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $255.20, for a total transaction of $2,132,961.60. Following the transaction, the insider now owns 21,448 shares of the company’s stock, valued at $5,473,529.60. The disclosure for this sale can be found here. Insiders sold a total of 442,200 shares of company stock valued at $119,779,880 over the last quarter. 4.90% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of Netflix by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 4,400,513 shares of the Internet television network’s stock valued at $842,878,000 after purchasing an additional 143,321 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Netflix by 4.4% during the 4th quarter. Bank of New York Mellon Corp now owns 3,798,067 shares of the Internet television network’s stock valued at $729,077,000 after purchasing an additional 159,750 shares in the last quarter. First Trust Advisors LP grew its position in shares of Netflix by 9.7% during the 4th quarter. First Trust Advisors LP now owns 1,979,971 shares of the Internet television network’s stock valued at $380,075,000 after purchasing an additional 174,630 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Netflix by 22.5% during the 4th quarter. Wells Fargo & Company MN now owns 1,934,754 shares of the Internet television network’s stock valued at $371,396,000 after purchasing an additional 354,801 shares in the last quarter. Finally, Tybourne Capital Management HK Ltd. lifted its holdings in shares of Netflix by 43.4% during the 4th quarter. Tybourne Capital Management HK Ltd. now owns 1,673,200 shares of the Internet television network’s stock worth $321,187,000 after acquiring an additional 506,700 shares during the last quarter. Hedge funds and other institutional investors own 81.65% of the company’s stock.

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Netflix Company Profile

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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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