Netflix (NASDAQ:NFLX) had its target price raised by research analysts at Morgan Stanley from $350.00 to $370.00 in a research note issued on Tuesday. The firm presently has an “overweight” rating on the Internet television network’s stock. Morgan Stanley’s target price points to a potential upside of 12.56% from the company’s current price.
A number of other analysts have also recently weighed in on NFLX. Robert W. Baird upped their price target on shares of Netflix from $280.00 to $300.00 and gave the stock a “neutral” rating in a research report on Tuesday. Aegis reissued a “hold” rating and issued a $230.00 price objective on shares of Netflix in a research report on Monday. Wedbush upped their price objective on shares of Netflix from $110.00 to $125.00 and gave the company an “underperform” rating in a research report on Tuesday. Credit Suisse Group upped their price objective on shares of Netflix from $286.00 to $330.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Monness Crespi & Hardt reissued a “buy” rating and issued a $350.00 price objective (up from $300.00) on shares of Netflix in a research report on Wednesday, April 11th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company. Netflix currently has a consensus rating of “Buy” and an average price target of $293.22.
Netflix stock traded up $20.94 during trading on Tuesday, reaching $328.72. 10,672,726 shares of the company’s stock were exchanged, compared to its average volume of 11,347,278. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.81. Netflix has a 52-week low of $138.66 and a 52-week high of $333.98. The stock has a market cap of $135,240.03, a price-to-earnings ratio of 263.46, a price-to-earnings-growth ratio of 4.27 and a beta of 0.99.
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, topping analysts’ consensus estimates of $0.63 by $0.01. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the prior year, the company earned $0.40 EPS. The firm’s revenue was up 40.3% on a year-over-year basis. analysts forecast that Netflix will post 2.74 earnings per share for the current year.
In other news, Director A George Battle sold 10,716 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $258.49, for a total value of $2,769,978.84. Following the completion of the transaction, the director now directly owns 2,575 shares in the company, valued at $665,611.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Reed Hastings sold 75,369 shares of the stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $225.52, for a total transaction of $16,997,216.88. Following the completion of the transaction, the chief executive officer now owns 75,369 shares of the company’s stock, valued at $16,997,216.88. The disclosure for this sale can be found here. Insiders sold 442,200 shares of company stock worth $119,779,880 in the last 90 days. 4.90% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. James Hambro & Partners bought a new position in shares of Netflix in the fourth quarter valued at approximately $106,000. Wagner Wealth Management LLC bought a new position in shares of Netflix in the fourth quarter valued at approximately $125,000. Duncker Streett & Co. Inc. boosted its holdings in shares of Netflix by 47.1% in the fourth quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock valued at $120,000 after acquiring an additional 200 shares in the last quarter. Crewe Advisors LLC bought a new position in shares of Netflix in the fourth quarter valued at approximately $149,000. Finally, Goodman Financial Corp bought a new position in shares of Netflix in the fourth quarter valued at approximately $163,000. Institutional investors and hedge funds own 81.65% of the company’s stock.
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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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