Netflix (NASDAQ:NFLX) had its price objective increased by Wedbush from $165.00 to $183.00 in a report released on Wednesday, April 17th, BenzingaRatingsTable reports. They currently have an underperform rating on the Internet television network’s stock. Wedbush also issued estimates for Netflix’s Q2 2019 earnings at $0.56 EPS, Q3 2019 earnings at $0.87 EPS, Q4 2019 earnings at $0.87 EPS, FY2019 earnings at $3.07 EPS, Q1 2020 earnings at $0.92 EPS, Q2 2020 earnings at $0.97 EPS, Q3 2020 earnings at $1.01 EPS, Q4 2020 earnings at $0.98 EPS and FY2020 earnings at $3.88 EPS.
A number of other equities research analysts also recently commented on NFLX. Credit Suisse Group reiterated a buy rating and issued a $440.00 target price on shares of Netflix in a research report on Wednesday, April 3rd. UBS Group assumed coverage on Netflix in a research report on Tuesday, April 2nd. They issued a neutral rating and a $350.00 target price on the stock. Rosenblatt Securities began coverage on Netflix in a research report on Tuesday, April 2nd. They issued a neutral rating and a $350.00 target price on the stock. Royal Bank of Canada restated a buy rating and set a $480.00 price objective on shares of Netflix in a research report on Wednesday, March 20th. Finally, BidaskClub downgraded Netflix from a hold rating to a sell rating in a research report on Wednesday, April 10th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $385.03.
Shares of NFLX stock traded down $1.71 during mid-day trading on Wednesday, hitting $361.04. The company’s stock had a trading volume of 5,649,532 shares, compared to its average volume of 8,141,229. Netflix has a 52-week low of $231.23 and a 52-week high of $423.21. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.61 and a quick ratio of 0.61. The stock has a market capitalization of $158.60 billion, a P/E ratio of 134.72, a P/E/G ratio of 3.61 and a beta of 1.33.
In other Netflix news, Director Anne M. Sweeney sold 7,607 shares of the 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 sale, the director now owns 444 shares of the company’s stock, valued at approximately $159,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anne M. Sweeney sold 342 shares of the firm’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $360.00, for a total value of $123,120.00. Following the completion of the sale, the director now directly owns 342 shares of the company’s stock, valued at approximately $123,120. The disclosure for this sale can be found here. Insiders have sold a total of 173,440 shares of company stock worth $63,555,861 in the last ninety days. Insiders own 4.29% of the company’s stock.
Several institutional investors have recently bought and sold shares of NFLX. Versant Capital Management Inc boosted its position in shares of Netflix by 59.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 35 shares in the last quarter. Clarfeld Financial Advisors LLC purchased a new position in Netflix in the 4th quarter worth $27,000. Pearl River Capital LLC purchased a new position in Netflix in the 4th quarter worth $30,000. NuWave Investment Management LLC raised its stake in Netflix by 338.5% in the 4th quarter. NuWave Investment Management LLC now owns 114 shares of the Internet television network’s stock worth $31,000 after acquiring an additional 88 shares during the last quarter. Finally, Citizens Financial Group Inc RI raised its stake in Netflix by 750.0% in the 4th quarter. Citizens Financial Group Inc RI now owns 136 shares of the Internet television network’s stock worth $36,000 after acquiring an additional 120 shares during the last quarter. 76.02% of the stock is owned by hedge funds and other 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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