Netflix (NFLX) PT Raised to $385.00
Netflix (NASDAQ:NFLX) had its price objective increased by analysts at KeyCorp from $300.00 to $385.00 in a research note issued on Tuesday. The brokerage currently has an “overweight” rating on the Internet television network’s stock. KeyCorp’s target price points to a potential upside of 25.09% from the stock’s current price.
Several other analysts also recently commented on NFLX. Piper Jaffray raised their target price on Netflix from $360.00 to $367.00 in a research note on Tuesday. Aegis restated a “hold” rating and issued a $230.00 target price on shares of Netflix in a research note on Monday. Stifel Nicolaus raised their target price on Netflix from $325.00 to $345.00 and gave the company a “hold” rating in a research note on Tuesday. B. Riley raised their target price on Netflix from $243.00 to $313.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Monness Crespi & Hardt restated a “buy” rating and issued a $350.00 target price (up from $300.00) on shares of Netflix in a research note on Wednesday, April 11th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $283.04.
Shares of NFLX opened at $307.78 on Tuesday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market capitalization of $135,240.03, a PE ratio of 246.22, a PEG ratio of 4.27 and a beta of 0.99. Netflix has a one year low of $138.66 and a one year high of $333.98.
In related news, insider Gregory K. Peters sold 9,009 shares of Netflix stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $275.00, for a total value of $2,477,475.00. Following the completion of the transaction, the insider now directly owns 22,099 shares in the company, valued at approximately $6,077,225. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gregory K. Peters sold 8,358 shares of Netflix stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $255.20, for a total transaction of $2,132,961.60. Following the completion of the transaction, the insider now owns 21,448 shares of the company’s stock, valued at $5,473,529.60. The disclosure for this sale can be found here. Insiders sold a total of 442,200 shares of company stock valued at $119,779,880 over the last quarter. 4.90% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in NFLX. Dimensional Fund Advisors LP grew its stake in Netflix by 3.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 571,151 shares of the Internet television network’s stock valued at $103,576,000 after buying an additional 18,721 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in Netflix in the 3rd quarter valued at approximately $171,000. Atlantic Trust Group LLC purchased a new position in Netflix in the 3rd quarter valued at approximately $4,025,000. Prudential Financial Inc. grew its stake in Netflix by 5.6% in the 3rd quarter. Prudential Financial Inc. now owns 630,966 shares of the Internet television network’s stock valued at $114,425,000 after buying an additional 33,237 shares in the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd purchased a new position in Netflix in the 4th quarter valued at approximately $653,000. Institutional investors and hedge funds own 81.65% of the company’s stock.
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Netflix Company Profile
Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.
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