KeyCorp reissued their hold rating on shares of Netflix (NASDAQ:NFLX) in a research report report published on Monday morning, TipRanks reports.
Other equities research analysts also recently issued reports about the stock. Sanford C. Bernstein lowered their target price on shares of Netflix from $450.00 to $422.00 and set an outperform rating on the stock in a research note on Thursday, October 17th. UBS Group set a $370.00 price objective on Netflix and gave the company a buy rating in a research note on Thursday, October 10th. Macquarie downgraded Netflix from an outperform rating to a neutral rating and decreased their price objective for the stock from $375.00 to $325.00 in a report on Thursday, October 17th. Evercore ISI dropped their target price on Netflix from $380.00 to $300.00 and set an in-line rating for the company in a report on Monday, October 7th. Finally, ValuEngine lowered Netflix from a hold rating to a sell rating in a research report on Tuesday, November 19th. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. Netflix has an average rating of Hold and an average price target of $367.08.
Shares of Netflix stock opened at $309.99 on Monday. The company’s 50-day moving average price is $292.61 and its 200-day moving average price is $315.50. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.81. Netflix has a 12-month low of $231.23 and a 12-month high of $385.99. The company has a market cap of $137.77 billion, a price-to-earnings ratio of 115.67, a PEG ratio of 3.13 and a beta of 1.30.
Netflix (NASDAQ:NFLX) last posted its earnings results on Wednesday, October 16th. The Internet television network reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.42. Netflix had a net margin of 7.49% and a return on equity of 23.65%. The business had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.25 billion. During the same quarter in the prior year, the firm posted $0.89 EPS. Netflix’s revenue was up 31.2% on a year-over-year basis. On average, sell-side analysts predict that Netflix will post 3.35 earnings per share for the current year.
In related news, CEO Reed Hastings sold 54,516 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $312.04, for a total value of $17,011,172.64. Following the transaction, the chief executive officer now directly owns 54,516 shares of the company’s stock, valued at approximately $17,011,172.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold a total of 137,949 shares of company stock valued at $39,615,261 over the last 90 days. 3.72% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. Vanguard Group Inc. lifted its stake in shares of Netflix by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 32,688,805 shares of the Internet television network’s stock valued at $12,007,252,000 after buying an additional 1,118,349 shares in the last quarter. State Street Corp lifted its holdings in shares of Netflix by 1.3% in the 3rd quarter. State Street Corp now owns 16,453,029 shares of the Internet television network’s stock valued at $4,403,160,000 after acquiring an additional 218,262 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Netflix by 1.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 15,748,186 shares of the Internet television network’s stock worth $5,784,623,000 after acquiring an additional 297,582 shares during the last quarter. Baillie Gifford & Co. raised its position in Netflix by 2.2% during the second quarter. Baillie Gifford & Co. now owns 7,743,499 shares of the Internet television network’s stock valued at $2,844,343,000 after purchasing an additional 163,289 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Netflix by 39.1% in the 2nd quarter. Invesco Ltd. now owns 7,249,377 shares of the Internet television network’s stock valued at $2,662,841,000 after purchasing an additional 2,039,046 shares during the last quarter. Institutional investors own 80.83% of the company’s stock.
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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