Stifel Nicolaus Increases Netflix (NASDAQ:NFLX) Price Target to $650.00

Netflix (NASDAQ:NFLX) had its price target boosted by Stifel Nicolaus from $580.00 to $650.00 in a report released on Wednesday, The Fly reports. Stifel Nicolaus currently has a buy rating on the Internet television network’s stock.

Other research analysts also recently issued research reports about the company. Atlantic Securities increased their target price on Netflix from $690.00 to $780.00 and gave the company an overweight rating in a report on Tuesday, September 7th. KGI Securities assumed coverage on Netflix in a research note on Tuesday, June 1st. They issued a neutral rating on the stock. Jefferies Financial Group assumed coverage on Netflix in a research note on Wednesday, July 21st. They issued a buy rating and a $620.00 price objective on the stock. JP Morgan Cazenove raised their price objective on Netflix from $625.00 to $705.00 and gave the stock an overweight rating in a research note on Wednesday, September 8th. Finally, UBS Group raised their price objective on Netflix from $600.00 to $620.00 and gave the stock a buy rating in a research note on Thursday, July 15th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus target price of $618.63.

NFLX stock opened at $592.39 on Wednesday. Netflix has a fifty-two week low of $463.41 and a fifty-two week high of $615.60. The business’s 50-day moving average is $550.27 and its two-hundred day moving average is $527.79. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market cap of $262.19 billion, a price-to-earnings ratio of 61.39, a P/E/G ratio of 1.88 and a beta of 0.76.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 19th. The Internet television network reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.19). Netflix had a net margin of 15.92% and a return on equity of 36.49%. The firm had revenue of $7.34 billion during the quarter, compared to the consensus estimate of $7.32 billion. During the same period in the prior year, the company posted $1.59 EPS. The firm’s revenue was up 19.4% compared to the same quarter last year. Equities analysts predict that Netflix will post 10.38 earnings per share for the current year.

In related news, Director Jay C. Hoag sold 939 shares of the business’s stock in a transaction on Tuesday, August 3rd. The stock was sold at an average price of $510.16, for a total transaction of $479,040.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann Mather sold 809 shares of the business’s stock in a transaction on Tuesday, September 7th. The shares were sold at an average price of $600.00, for a total value of $485,400.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,649 shares of company stock valued at $9,729,194. Company insiders own 3.40% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Thompson Siegel & Walmsley LLC raised its position in Netflix by 359.8% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 1,292 shares of the Internet television network’s stock valued at $674,000 after purchasing an additional 1,011 shares in the last quarter. Alps Advisors Inc. raised its position in Netflix by 18.7% during the 1st quarter. Alps Advisors Inc. now owns 4,586 shares of the Internet television network’s stock valued at $2,392,000 after purchasing an additional 723 shares in the last quarter. Mariner LLC raised its position in Netflix by 12.0% during the 1st quarter. Mariner LLC now owns 18,650 shares of the Internet television network’s stock valued at $9,729,000 after purchasing an additional 2,001 shares in the last quarter. 1ST Source Bank bought a new stake in Netflix during the 1st quarter valued at $294,000. Finally, Advisors Asset Management Inc. raised its position in Netflix by 13.7% during the 1st quarter. Advisors Asset Management Inc. now owns 24,315 shares of the Internet television network’s stock valued at $12,684,000 after purchasing an additional 2,938 shares in the last quarter. Institutional investors own 79.51% of the company’s stock.

Netflix Company Profile

Netflix, Inc operates as a streaming entertainment service company. The firm provides subscription service streaming movies and television episodes over the Internet and sending DVDs by mail. It operates through the following segments: Domestic Streaming, International Streaming and Domestic DVD. The Domestic Streaming segment derives revenues from monthly membership fees for services consisting of streaming content to its members in the United States.

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