Netflix (NASDAQ:NFLX) had its target price cut by BMO Capital Markets from $470.00 to $440.00 in a research note released on Thursday, The Fly reports. They currently have an outperform rating on the Internet television network’s stock.

NFLX has been the topic of several other research reports. Royal Bank of Canada restated a neutral rating and set a $145.00 price objective on shares of Travelers Companies in a report on Thursday, April 18th. Stifel Nicolaus restated a buy rating and set a $400.00 price objective on shares of Netflix in a report on Monday, April 8th. Rosenblatt Securities restated a neutral rating and set a $370.00 price objective (up previously from $350.00) on shares of Netflix in a report on Wednesday, July 10th. Deutsche Bank downgraded J B Hunt Transport Services from a buy rating to a sell rating and set a $98.51 price objective on the stock. in a report on Wednesday, April 17th. Finally, Loop Capital initiated coverage on TENCENT HOLDING/ADR in a report on Monday, June 3rd. They set a buy rating on the stock. Four analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-seven have assigned 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 $390.47.

Netflix stock traded down $5.83 during midday trading on Thursday, hitting $319.38. The company’s stock had a trading volume of 503,621 shares, compared to its average volume of 5,341,695. 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 business’s 50-day simple moving average is $362.06. Netflix has a 12 month low of $231.23 and a 12 month high of $386.80. The firm has a market capitalization of $158.47 billion, a P/E ratio of 119.20, a PEG ratio of 3.61 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Wednesday, July 17th. The Internet television network reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The firm had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.93 billion. Netflix had a return on equity of 21.66% and a net margin of 6.53%. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 EPS. As a group, equities analysts predict that Netflix will post 3.35 EPS for the current fiscal year.

In other Netflix news, CEO Reed Hastings sold 56,966 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $370.74, for a total transaction of $21,119,574.84. Following the completion of the sale, the chief executive officer now owns 56,966 shares of the company’s stock, valued at $21,119,574.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ann Mather sold 1,208 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $375.00, for a total value of $453,000.00. Following the sale, the director now directly owns 357 shares of the company’s stock, valued at approximately $133,875. The disclosure for this sale can be found here. In the last three months, insiders sold 167,486 shares of company stock valued at $60,955,416. 4.29% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in NFLX. Magnus Financial Group LLC lifted its holdings in shares of Netflix by 3.2% during the first quarter. Magnus Financial Group LLC now owns 1,120 shares of the Internet television network’s stock worth $399,000 after buying an additional 35 shares during the last quarter. Bach Investment Advisors Ltd lifted its holdings in shares of Netflix by 128.9% during the first quarter. Bach Investment Advisors Ltd now owns 1,224 shares of the Internet television network’s stock worth $436,000 after buying an additional 5,465 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Netflix by 1.9% during the first quarter. Northern Trust Corp now owns 4,948,504 shares of the Internet television network’s stock worth $1,764,438,000 after buying an additional 90,312 shares during the last quarter. Telos Capital Management Inc. lifted its holdings in shares of Netflix by 21.7% during the first quarter. Telos Capital Management Inc. now owns 1,236 shares of the Internet television network’s stock worth $441,000 after buying an additional 220 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. lifted its holdings in shares of Netflix by 58.1% during the first quarter. Winslow Evans & Crocker Inc. now owns 2,176 shares of the Internet television network’s stock worth $776,000 after buying an additional 800 shares during the last quarter. 77.02% 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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Analyst Recommendations for Netflix (NASDAQ:NFLX)

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