Netflix (NASDAQ:NFLX)‘s stock had its “sell” rating restated by equities researchers at Wedbush in a research report issued on Friday, AnalystRatings.com reports. They currently have a $183.00 price target on the Internet television network’s stock. Wedbush’s price target indicates a potential downside of 50.97% from the stock’s previous close.
Other equities research analysts have also issued reports about the stock. Buckingham Research increased their target price on shares of United Continental from $109.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Royal Bank of Canada reissued a “neutral” rating and issued a $145.00 target price on shares of Travelers Companies in a report on Thursday, April 18th. Loop Capital began coverage on shares of TENCENT HOLDING/ADR in a report on Monday, June 3rd. They issued a “buy” rating for the company. BidaskClub lowered shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Monday, June 24th. Finally, Credit Suisse Group reissued an “underperform” rating on shares of MARKS & SPENCER/S in a report on Wednesday, April 17th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $393.24.
Netflix stock opened at $373.25 on Friday. The business has a 50 day moving average price of $361.38. The stock has a market cap of $163.19 billion, a price-to-earnings ratio of 133.30, a price-to-earnings-growth ratio of 3.72 and a beta of 1.26. Netflix has a 12-month low of $231.23 and a 12-month high of $410.00. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.81.
Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.19. The company had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.50 billion. Netflix had a net margin of 7.61% and a return on equity of 24.75%. The firm’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 EPS. As a group, analysts predict that Netflix will post 3.35 EPS for the current fiscal year.
In related news, CEO Reed Hastings sold 57,414 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $348.88, for a total value of $20,030,596.32. Following the completion of the transaction, the chief executive officer now directly owns 57,414 shares of the company’s stock, valued at $20,030,596.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ann Mather sold 1,208 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $375.00, for a total transaction of $453,000.00. Following the completion of the transaction, the director now directly owns 357 shares of the company’s stock, valued at $133,875. The disclosure for this sale can be found here. Over the last three months, insiders sold 167,486 shares of company stock valued at $60,955,416. 4.29% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of NFLX. TCG Advisors LP bought a new stake in Netflix in the first quarter worth $36,000. Clarfeld Financial Advisors LLC bought a new stake in Netflix in the fourth quarter worth $27,000. Thompson Siegel & Walmsley LLC lifted its position in Netflix by 182.0% in the first quarter. Thompson Siegel & Walmsley LLC now owns 141 shares of the Internet television network’s stock worth $50,000 after buying an additional 91 shares during the last quarter. Osborn Williams & Donohoe LLC bought a new stake in Netflix in the first quarter worth $55,000. Finally, Shamrock Asset Management LLC bought a new stake in Netflix in the first quarter worth $53,000. 77.02% of the stock is owned by hedge funds and other institutional investors.
Netflix Company Profile
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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