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.

How to Become a New Pot Stock Millionaire

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.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, April 16th. The Internet television network reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.01. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.69 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The firm’s revenue for the quarter was up 40.3% compared to the same quarter last year. During the same period last year, the business posted $0.40 EPS. sell-side analysts forecast that Netflix will post 2.74 earnings per share for the current fiscal year.

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.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Daily Political and is owned by of Daily Political. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://www.dailypolitical.com/2018/04/17/netflix-nflx-pt-raised-to-385-00.html.

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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.