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.
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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