Bank of America Corp reissued their buy rating on shares of Netflix, Inc. (NASDAQ:NFLX) in a research report report published on Tuesday morning. The firm currently has a $184.00 target price on the Internet television network’s stock, up from their prior target price of $154.00.
A number of other equities research analysts also recently weighed in on the company. Stifel Nicolaus lifted their price objective on Netflix from $155.00 to $170.00 and gave the company a buy rating in a report on Tuesday. Zacks Investment Research downgraded Netflix from a buy rating to a hold rating in a report on Tuesday, March 7th. Royal Bank of Canada reaffirmed an outperform rating and set a $175.00 price objective on shares of Netflix in a report on Monday. FBR & Co lifted their price objective on Netflix from $144.00 to $145.00 and gave the company a mkt perform rating in a report on Tuesday. Finally, Robert W. Baird reaffirmed a neutral rating and set a $138.00 price objective (up from $120.00) on shares of Netflix in a report on Thursday, January 19th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-six have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $145.35.
Netflix (NASDAQ:NFLX) traded up 0.09% during trading on Tuesday, reaching $141.30. The company had a trading volume of 2,568,030 shares. The stock has a market cap of $60.82 billion, a PE ratio of 328.60 and a beta of 1.27. Netflix has a 52-week low of $84.50 and a 52-week high of $148.29. The company has a 50-day moving average price of $143.46 and a 200 day moving average price of $130.69.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, April 17th. The Internet television network reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.64 billion. Netflix had a return on equity of 7.51% and a net margin of 2.11%. The firm’s revenue for the quarter was up 34.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 earnings per share. On average, analysts anticipate that Netflix will post $1.05 earnings per share for the current year.
In other Netflix news, insider Tawni Cranz sold 2,170 shares of the firm’s stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $144.23, for a total value of $312,979.10. Following the sale, the insider now owns 2,170 shares in the company, valued at $312,979.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel David A. Hyman sold 5,005 shares of the firm’s stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $144.68, for a total transaction of $724,123.40. Following the completion of the sale, the general counsel now owns 39,214 shares in the company, valued at approximately $5,673,481.52. The disclosure for this sale can be found here. Insiders have sold a total of 236,281 shares of company stock worth $34,047,161 in the last quarter. 4.90% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Netflix during the fourth quarter worth $114,000. Intellectus Partners LLC bought a new stake in shares of Netflix during the fourth quarter worth $117,000. CENTRAL TRUST Co raised its stake in shares of Netflix by 408.4% in the first quarter. CENTRAL TRUST Co now owns 849 shares of the Internet television network’s stock worth $125,000 after buying an additional 682 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Netflix by 3.6% in the third quarter. Quadrant Capital Group LLC now owns 1,528 shares of the Internet television network’s stock worth $139,000 after buying an additional 53 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Netflix during the third quarter worth $173,000. Hedge funds and other institutional investors own 80.42% of the company’s stock.
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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