Shares of Netflix (NASDAQ:NFLX) have been assigned an average recommendation of “Buy” from the fifty-three research firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $257.56.
Several analysts have issued reports on NFLX shares. Loop Capital upped their price target on shares of Netflix from $237.00 to $241.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Vetr lowered shares of Netflix from a “strong-buy” rating to a “buy” rating and set a $208.27 price target on the stock. in a research report on Tuesday, December 26th. 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. Monness Crespi & Hardt started coverage on shares of Netflix in a research report on Monday, December 4th. They set a “buy” rating and a $250.00 price target on the stock. Finally, Piper Jaffray reaffirmed a “buy” rating and set a $240.00 price target on shares of Netflix in a research report on Monday, January 8th.
In other news, CEO Reed Hastings sold 75,369 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $225.52, for a total value of $16,997,216.88. Following the sale, the chief executive officer now directly owns 75,369 shares in the company, valued at approximately $16,997,216.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Theodore A. Sarandos sold 163,747 shares of the firm’s 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 owns 23,953 shares in the company, valued at $6,297,483.23. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 454,899 shares of company stock worth $122,453,300. 4.90% of the stock is currently owned by corporate insiders.
NASDAQ NFLX opened at $295.35 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.40 and a current ratio of 1.40. Netflix has a 1 year low of $138.66 and a 1 year high of $333.98. The firm has a market cap of $128,166.55, a price-to-earnings ratio of 236.28, a PEG ratio of 4.05 and a beta of 0.96.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the firm posted $0.15 earnings per share. The company’s quarterly revenue was up 32.6% compared to the same quarter last year. equities research analysts anticipate that Netflix will post 2.73 EPS for the current year.
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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.
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