Netflix (NFLX) Given a $480.00 Price Target at Royal Bank of Canada

Royal Bank of Canada set a $480.00 price target on Netflix (NASDAQ:NFLX) in a report released on Friday, Borsen Zeitung reports. The firm currently has a buy rating on the Internet television network’s stock.

A number of other brokerages have also recently commented on NFLX. Morgan Stanley upped their target price on shares of Netflix from $430.00 to $450.00 and gave the company an overweight rating in a report on Friday, January 18th. Credit Suisse Group reaffirmed a buy rating and issued a $440.00 target price on shares of Netflix in a report on Friday, January 18th. SunTrust Banks reaffirmed a buy rating and issued a $402.00 target price on shares of Netflix in a report on Wednesday, March 27th. Macquarie set a $375.00 target price on shares of Netflix and gave the company a buy rating in a report on Friday, January 18th. Finally, Barclays reaffirmed a buy rating and issued a $375.00 target price on shares of Netflix in a report on Wednesday, January 16th. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Hold and an average target price of $375.71.

Shares of NASDAQ:NFLX opened at $348.87 on Friday. Netflix has a one year low of $231.23 and a one year high of $423.21. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market capitalization of $160.52 billion, a PE ratio of 130.18, a price-to-earnings-growth ratio of 3.08 and a beta of 1.36.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, January 17th. The Internet television network reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. Netflix had a net margin of 7.67% and a return on equity of 25.82%. The business had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the prior year, the company earned $0.41 earnings per share. The business’s revenue was up 27.4% compared to the same quarter last year. As a group, sell-side analysts predict that Netflix will post 3.98 EPS for the current year.

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 transaction, the director now directly owns 609 shares of the company’s stock, valued at $225,330. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Reed Hastings sold 67,907 shares of the stock in a transaction dated Tuesday, January 22nd. The shares were sold at an average price of $328.17, for a total transaction of $22,285,040.19. Following the completion of the transaction, the chief executive officer now directly owns 67,907 shares of the company’s stock, valued at $22,285,040.19. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 184,381 shares of company stock valued at $64,721,327. 4.29% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Netflix by 0.8% in the third quarter. Vanguard Group Inc. now owns 30,143,430 shares of the Internet television network’s stock valued at $11,277,562,000 after purchasing an additional 249,147 shares during the last quarter. Vanguard Group Inc grew its position in shares of Netflix by 0.8% in the third quarter. Vanguard Group Inc now owns 30,143,430 shares of the Internet television network’s stock valued at $11,277,562,000 after purchasing an additional 249,147 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Netflix by 17,848.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,931,481 shares of the Internet television network’s stock valued at $89,000 after purchasing an additional 23,798,143 shares during the last quarter. Jennison Associates LLC grew its position in shares of Netflix by 9.0% in the fourth quarter. Jennison Associates LLC now owns 9,598,888 shares of the Internet television network’s stock valued at $2,569,238,000 after purchasing an additional 792,338 shares during the last quarter. Finally, Baillie Gifford & Co. grew its position in shares of Netflix by 1.8% in the fourth quarter. Baillie Gifford & Co. now owns 7,629,879 shares of the Internet television network’s stock valued at $2,042,214,000 after purchasing an additional 136,096 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

About Netflix

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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