Netflix’s (NFLX) “Buy” Rating Reiterated at Atlantic Securities

Atlantic Securities reaffirmed their buy rating on shares of Netflix (NASDAQ:NFLX) in a research report released on Wednesday morning. The firm currently has a $385.00 price objective on the Internet television network’s stock.

A number of other research analysts also recently weighed in on the stock. MKM Partners upped their price objective on shares of Netflix from $245.00 to $320.00 and gave the stock a buy rating in a research report on Monday, January 29th. Wedbush set a $93.00 price objective on shares of Netflix and gave the stock a sell rating in a research report on Friday, January 19th. Goldman Sachs set a $315.00 price objective on shares of Netflix and gave the stock a buy rating in a research report on Friday, January 19th. Bank of America upped their price objective on shares of Netflix from $225.00 to $199.00 and gave the stock a buy rating in a research report on Friday, December 1st. Finally, Macquarie upgraded shares of Netflix from a neutral rating to an outperform rating and upped their price objective for the stock from $200.00 to $220.00 in a research report on Tuesday, January 2nd. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $257.74.

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Shares of Netflix stock opened at $295.35 on Wednesday. The stock has a market capitalization of $128,166.67, a price-to-earnings ratio of 236.28, a PEG ratio of 4.05 and a beta of 0.96. Netflix has a fifty-two week low of $138.66 and a fifty-two week high of $333.98. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The company’s revenue was up 32.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 earnings per share. sell-side analysts predict that Netflix will post 2.73 earnings per share for the current year.

In other news, Director Richard N. Barton sold 350 shares of the stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $263.00, for a total value of $92,050.00. Following the completion of the sale, the director now owns 7,332 shares of the company’s stock, valued at approximately $1,928,316. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Theodore A. Sarandos sold 163,747 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $262.91, for a total transaction of $43,050,723.77. Following the completion of the sale, the insider now directly owns 23,953 shares of the company’s stock, valued at approximately $6,297,483.23. The disclosure for this sale can be found here. In the last three months, insiders sold 454,899 shares of company stock valued at $122,453,300. Corporate insiders own 4.90% of the company’s stock.

Several institutional investors have recently bought and sold shares of NFLX. Duncker Streett & Co. Inc. boosted its position in shares of Netflix by 47.1% during the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after purchasing an additional 200 shares during the period. Buckingham Asset Management LLC boosted its position in shares of Netflix by 9.2% during the 4th quarter. Buckingham Asset Management LLC now owns 2,386 shares of the Internet television network’s stock worth $458,000 after purchasing an additional 202 shares during the period. CWA Asset Management Group LLC boosted its position in shares of Netflix by 8.5% during the 4th quarter. CWA Asset Management Group LLC now owns 2,700 shares of the Internet television network’s stock worth $518,000 after purchasing an additional 211 shares during the period. Hanseatic Management Services Inc. boosted its position in shares of Netflix by 3.6% during the 4th quarter. Hanseatic Management Services Inc. now owns 6,256 shares of the Internet television network’s stock worth $1,201,000 after purchasing an additional 219 shares during the period. Finally, Murphy Capital Management Inc. boosted its position in shares of Netflix by 5.4% during the 4th quarter. Murphy Capital Management Inc. now owns 4,316 shares of the Internet television network’s stock worth $828,000 after purchasing an additional 220 shares during the period. 81.62% of the stock is owned by institutional investors and hedge funds.

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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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