A number of other research analysts also recently weighed in on the stock. SunTrust Banks reiterated a buy rating on shares of Netflix in a research report on Friday, April 12th. Wedbush upped their price objective on shares of Netflix from $150.00 to $165.00 and gave the stock an underperform rating in a research report on Friday, January 18th. ValuEngine upgraded shares of Netflix from a hold rating to a buy rating in a research report on Tuesday, April 23rd. Morgan Stanley upped their price objective on shares of Netflix from $430.00 to $450.00 and gave the stock an overweight rating in a research report on Friday, January 18th. Finally, Canaccord Genuity upped their price objective on shares of Netflix from $400.00 to $415.00 and gave the stock a buy rating in a research report on Friday, January 18th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $385.03.
NASDAQ:NFLX traded down $4.86 during mid-day trading on Thursday, hitting $354.45. The company’s stock had a trading volume of 4,493,198 shares, compared to its average volume of 8,908,521. Netflix has a 1 year low of $231.23 and a 1 year high of $423.21. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market cap of $154.97 billion, a price-to-earnings ratio of 132.26, a PEG ratio of 3.53 and a beta of 1.33.
In other Netflix news, Director Anne M. Sweeney sold 1,649 shares of the stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $370.00, for a total value of $610,130.00. Following the completion of the sale, the director now owns 609 shares in the company, valued at approximately $225,330. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Reed Hastings sold 56,966 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $370.74, for a total transaction of $21,119,574.84. Following the completion of the sale, the chief executive officer now owns 56,966 shares of the company’s stock, valued at approximately $21,119,574.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 165,491 shares of company stock valued at $60,694,221. Insiders own 4.29% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc raised its holdings in Netflix by 59.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 35 shares during the last quarter. TCG Advisors LP purchased a new stake in shares of Netflix in the 1st quarter valued at approximately $36,000. Clarfeld Financial Advisors LLC purchased a new stake in shares of Netflix in the 4th quarter valued at approximately $27,000. Pearl River Capital LLC purchased a new stake in shares of Netflix in the 4th quarter valued at approximately $30,000. Finally, NuWave Investment Management LLC grew its stake in shares of Netflix by 338.5% in the 4th quarter. NuWave Investment Management LLC now owns 114 shares of the Internet television network’s stock valued at $31,000 after buying an additional 88 shares during the period. Institutional investors own 76.08% of the company’s stock.
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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