A number of other equities research analysts have also recently weighed in on NFLX. Pivotal Research lowered their price target on Netflix from $515.00 to $350.00 and set a buy rating on the stock in a report on Tuesday, September 24th. Piper Jaffray Companies lowered their price target on Netflix from $440.00 to $400.00 and set an overweight rating on the stock in a report on Thursday, October 17th. Needham & Company LLC restated a hold rating on shares of Netflix in a report on Thursday, October 3rd. Oppenheimer lowered their price target on Netflix from $410.00 to $385.00 and set an outperform rating on the stock in a report on Thursday, October 17th. Finally, UBS Group set a $370.00 price target on Netflix and gave the stock a buy rating in a report on Thursday, October 10th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $368.28.
Shares of Netflix stock traded up $5.41 on Wednesday, hitting $295.03. The stock had a trading volume of 6,328,900 shares, compared to its average volume of 7,219,634. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.81. The company’s 50 day moving average price is $279.50 and its 200 day moving average price is $320.55. Netflix has a 52-week low of $231.23 and a 52-week high of $385.99. The stock has a market cap of $126.81 billion, a price-to-earnings ratio of 110.09, a P/E/G ratio of 2.90 and a beta of 1.25.
In other Netflix news, CEO Reed Hastings sold 52,269 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $300.10, for a total transaction of $15,685,926.90. Following the transaction, the chief executive officer now owns 52,269 shares of the company’s stock, valued at approximately $15,685,926.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders have sold 135,702 shares of company stock worth $38,290,015. Corporate insiders own 4.29% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Nelson Roberts Investment Advisors LLC lifted its stake in shares of Netflix by 600.0% during the 2nd quarter. Nelson Roberts Investment Advisors LLC now owns 84 shares of the Internet television network’s stock worth $31,000 after purchasing an additional 72 shares during the period. Winthrop Partners WNY LLC lifted its stake in shares of Netflix by 64.9% during the 3rd quarter. Winthrop Partners WNY LLC now owns 94 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 37 shares during the period. 1 North Wealth Services LLC purchased a new position in shares of Netflix during the 3rd quarter worth $25,000. Intercontinental Wealth Advisors LLC lifted its stake in shares of Netflix by 100.0% during the 3rd quarter. Intercontinental Wealth Advisors LLC now owns 96 shares of the Internet television network’s stock worth $26,000 after purchasing an additional 48 shares during the period. Finally, Fulcrum Equity Management purchased a new position in shares of Netflix in the 3rd quarter worth $27,000. 79.22% of the stock is currently owned by institutional investors.
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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