Netflix (NASDAQ:NFLX) Given “Outperform” Rating at Evercore ISI

Evercore ISI reissued their outperform rating on shares of Netflix (NASDAQ:NFLX) in a report released on Wednesday morning, Briefing.com Automated Import reports. Evercore ISI currently has a $380.00 target price on the Internet television network’s stock, up from their previous target price of $350.00.

A number of other research firms have also weighed in on NFLX. Oppenheimer set a $119.00 target price on American Express and gave the company a buy rating in a report on Wednesday, April 17th. Piper Jaffray Companies restated a buy rating on shares of Incyte in a report on Monday, June 17th. UBS Group lowered Ecolab from a buy rating to a neutral rating and raised their target price for the company from $180.00 to $186.00 in a report on Thursday, April 18th. BidaskClub lowered Walgreens Boots Alliance from a sell rating to a strong sell rating in a report on Monday, June 24th. Finally, JPMorgan Chase & Co. upgraded DISCO CORP/ADR from an underweight rating to a neutral rating in a report on Wednesday, April 17th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued 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 a consensus target price of $393.24.

Shares of Netflix stock opened at $373.25 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.81. Netflix has a 52 week low of $231.23 and a 52 week high of $410.00. The firm has a 50 day moving average price of $361.38. The firm has a market capitalization of $163.19 billion, a PE ratio of 139.27, a PEG ratio of 3.72 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.19. Netflix had a return on equity of 24.75% and a net margin of 7.61%. The company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same quarter last year, the company earned $0.64 earnings per share. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. As a group, analysts expect that Netflix will post 3.35 earnings per share for the current fiscal year.

In other news, CEO Reed Hastings sold 51,898 shares of Netflix stock in a transaction on Monday, June 24th. The stock was sold at an average price of $372.89, for a total value of $19,352,245.22. Following the completion of the transaction, the chief executive officer now directly owns 51,898 shares in the company, valued at $19,352,245.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ann Mather sold 1,208 shares of Netflix stock in a transaction on Monday, July 1st. The shares were sold at an average price of $375.00, for a total value of $453,000.00. Following the completion of the transaction, the director now owns 357 shares of the company’s stock, valued at $133,875. The disclosure for this sale can be found here. Insiders sold 167,486 shares of company stock valued at $60,955,416 over the last three months. Company insiders own 4.29% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Parkside Financial Bank & Trust grew its position in shares of Netflix by 5.4% in the first quarter. Parkside Financial Bank & Trust now owns 529 shares of the Internet television network’s stock valued at $189,000 after purchasing an additional 27 shares in the last quarter. Investment House LLC grew its position in shares of Netflix by 3.1% in the first quarter. Investment House LLC now owns 954 shares of the Internet television network’s stock valued at $340,000 after purchasing an additional 29 shares in the last quarter. Dixon Hubard Feinour & Brown Inc. VA grew its position in shares of Netflix by 0.4% in the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 7,290 shares of the Internet television network’s stock valued at $2,599,000 after purchasing an additional 30 shares in the last quarter. Harfst & Associates Inc. grew its position in shares of Netflix by 3.5% in the first quarter. Harfst & Associates Inc. now owns 992 shares of the Internet television network’s stock valued at $353,000 after purchasing an additional 34 shares in the last quarter. Finally, WESPAC Advisors SoCal LLC grew its position in shares of Netflix by 1.9% in the first quarter. WESPAC Advisors SoCal LLC now owns 1,910 shares of the Internet television network’s stock valued at $681,000 after purchasing an additional 35 shares in the last quarter. Institutional investors own 77.02% of the company’s stock.

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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