Netflix logo” title=”Netflix logo” class=”companylogo”/>Netflix (NASDAQ:NFLX) had its price target decreased by Benchmark from $485.00 to $472.00 in a research report issued to clients and investors on Monday, The Fly reports. The firm presently has a “sell” rating on the Internet television network’s stock. Benchmark’s target price indicates a potential downside of 7.77% from the stock’s previous close.
Several other research analysts also recently issued reports on the company. Morgan Stanley upped their price objective on Netflix from $650.00 to $700.00 and gave the stock an “overweight” rating in a report on Wednesday, January 20th. Barclays upped their price target on Netflix from $550.00 to $650.00 and gave the company an “overweight” rating in a research note on Wednesday, January 20th. UBS Group upgraded Netflix from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $540.00 to $650.00 in a research report on Wednesday, January 20th. Piper Sandler boosted their price objective on Netflix from $643.00 to $652.00 in a report on Wednesday, January 20th. Finally, Wedbush raised their target price on shares of Netflix from $235.00 to $340.00 in a research note on Wednesday, January 20th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-five have given a buy rating to the company’s stock. Netflix currently has a consensus rating of “Buy” and a consensus price target of $580.62.
Shares of Netflix stock traded down $6.24 during trading on Monday, reaching $511.78. The company’s stock had a trading volume of 94,997 shares, compared to its average volume of 4,967,729. The stock has a 50-day moving average price of $542.39 and a two-hundred day moving average price of $514.86. The stock has a market capitalization of $226.66 billion, a P/E ratio of 82.45, a price-to-earnings-growth ratio of 1.86 and a beta of 0.92. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.50. Netflix has a one year low of $290.25 and a one year high of $593.29.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, January 18th. The Internet television network reported $1.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.19). Netflix had a return on equity of 31.48% and a net margin of 11.78%. The company had revenue of $6.64 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the prior year, the firm posted $1.30 earnings per share. The company’s revenue was up 21.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Netflix will post 6.27 EPS for the current fiscal year.
In other news, CEO Reed Hastings sold 437,311 shares of the business’s stock in a transaction that occurred on Monday, December 21st. The shares were sold at an average price of $527.26, for a total value of $230,576,597.86. Following the completion of the transaction, the chief executive officer now directly owns 41,097 shares in the company, valued at approximately $21,668,804.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jay C. Hoag sold 974 shares of the company’s stock in a transaction that occurred on Friday, February 5th. The stock was sold at an average price of $548.93, for a total transaction of $534,657.82. The disclosure for this sale can be found here. Insiders sold a total of 442,339 shares of company stock valued at $233,359,064 over the last ninety days. Insiders own 3.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. Wunderlich Capital Managemnt boosted its stake in Netflix by 0.4% in the fourth quarter. Wunderlich Capital Managemnt now owns 5,089 shares of the Internet television network’s stock valued at $2,752,000 after buying an additional 18 shares in the last quarter. Institute for Wealth Management LLC. increased its position in Netflix by 0.5% during the 4th quarter. Institute for Wealth Management LLC. now owns 3,939 shares of the Internet television network’s stock worth $2,130,000 after purchasing an additional 19 shares in the last quarter. San Francisco Sentry Investment Group CA lifted its stake in Netflix by 0.3% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 6,830 shares of the Internet television network’s stock valued at $3,693,000 after purchasing an additional 19 shares during the last quarter. Capital Asset Advisory Services LLC boosted its position in Netflix by 2.4% in the fourth quarter. Capital Asset Advisory Services LLC now owns 796 shares of the Internet television network’s stock valued at $430,000 after buying an additional 19 shares in the last quarter. Finally, Formidable Asset Management LLC grew its stake in shares of Netflix by 0.9% during the third quarter. Formidable Asset Management LLC now owns 2,331 shares of the Internet television network’s stock worth $1,172,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 79.71% of the company’s stock.
Netflix, Inc provides entertainment services. 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 devices, including TVs, digital video players, television set-top boxes, and mobile devices.
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