Netflix (NFLX) Given “Buy” Rating at Pivotal Research

Pivotal Research restated their buy rating on shares of Netflix (NASDAQ:NFLX) in a research report report published on Tuesday, AnalystRatings.com reports. Pivotal Research currently has a $500.00 price target on the Internet television network’s stock.

Several other equities research analysts have also recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of Netflix from $440.00 to $470.00 and gave the company an outperform rating in a research report on Tuesday. Deutsche Bank upgraded shares of Netflix from a hold rating to a buy rating and lifted their price objective for the company from $360.00 to $400.00 in a research report on Tuesday. SunTrust Banks reiterated a buy rating on shares of Netflix in a research report on Friday, April 12th. ValuEngine cut shares of Netflix from a buy rating to a hold rating in a research report on Saturday. Finally, Royal Bank of Canada set a $480.00 price objective on shares of Netflix and gave the company a buy rating in a research report on Friday, April 12th. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $383.33.

NASDAQ NFLX opened at $359.46 on Tuesday. Netflix has a 12 month low of $231.23 and a 12 month high of $423.21. The company has a market cap of $152.32 billion, a price-to-earnings ratio of 134.13, a PEG ratio of 2.92 and a beta of 1.36. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.98.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, April 16th. The Internet television network reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.19. Netflix had a net margin of 7.67% and a return on equity of 25.82%. The company had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter last year, the business earned $0.64 EPS. The firm’s revenue was up 22.2% compared to the same quarter last year. As a group, analysts expect that Netflix will post 3.98 earnings per share for the current year.

In other Netflix news, CEO Reed Hastings sold 67,907 shares of Netflix stock in a transaction on Tuesday, January 22nd. The shares were sold at an average price of $328.17, for a total transaction of $22,285,040.19. Following the completion of the transaction, the chief executive officer now directly owns 67,907 shares of the company’s stock, valued at $22,285,040.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anne M. Sweeney sold 7,607 shares of Netflix stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $360.00, for a total transaction of $2,738,520.00. Following the transaction, the director now directly owns 444 shares of the company’s stock, valued at $159,840. The disclosure for this sale can be found here. Insiders have sold 184,381 shares of company stock valued at $64,721,327 over the last ninety days. 4.29% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc boosted its stake in Netflix by 59.3% during the fourth quarter. Versant Capital Management Inc now owns 94 shares of the Internet television network’s stock worth $25,000 after buying an additional 35 shares during the period. Clarfeld Financial Advisors LLC purchased a new position in Netflix during the fourth quarter worth $27,000. Pearl River Capital LLC purchased a new position in Netflix during the fourth quarter worth $30,000. NuWave Investment Management LLC boosted its stake in Netflix by 338.5% during the fourth quarter. NuWave Investment Management LLC now owns 114 shares of the Internet television network’s stock worth $31,000 after buying an additional 88 shares during the period. Finally, Citizens Financial Group Inc RI boosted its stake in Netflix by 750.0% during the fourth quarter. Citizens Financial Group Inc RI now owns 136 shares of the Internet television network’s stock worth $36,000 after buying an additional 120 shares during the period. 76.10% of the stock is owned by institutional investors.

About Netflix

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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Analyst Recommendations for Netflix (NASDAQ:NFLX)

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