Netflix (NASDAQ:NFLX)‘s stock had its “buy” rating reiterated by equities researchers at Pivotal Research in a report released on Wednesday, TipRanks reports. They presently have a $425.00 price objective on the Internet television network’s stock. Pivotal Research’s price target points to a potential upside of 21.08% from the company’s previous close.

A number of other research analysts have also commented on the company. KeyCorp restated a “hold” rating on shares of Netflix in a research note on Monday, December 2nd. Nomura restated a “hold” rating and issued a $330.00 target price on shares of Netflix in a research note on Wednesday, January 15th. Piper Jaffray Companies restated a “buy” rating and issued a $400.00 target price on shares of Netflix in a research note on Wednesday, December 11th. Piper Sandler restated a “buy” rating and issued a $400.00 target price on shares of Netflix in a research note on Wednesday. Finally, Aegis restated a “hold” rating and issued a $275.00 target price on shares of Netflix in a research note on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $379.58.

Shares of NFLX traded up $1.40 during mid-day trading on Wednesday, hitting $351.00. The company’s stock had a trading volume of 13,972,014 shares, compared to its average volume of 5,878,778. Netflix has a one year low of $252.28 and a one year high of $385.99. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.73 and a current ratio of 0.90. The firm has a market capitalization of $153.84 billion, a PE ratio of 84.99, a price-to-earnings-growth ratio of 1.98 and a beta of 1.28. The stock’s 50-day moving average is $325.01 and its two-hundred day moving average is $306.73.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.78. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.45 billion. Netflix had a return on equity of 28.45% and a net margin of 9.26%. Netflix’s revenue was up 30.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 earnings per share. Analysts expect that Netflix will post 5.5 EPS for the current fiscal year.

In other Netflix news, CEO Reed Hastings sold 83,692 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $336.61, for a total value of $28,171,564.12. Following the completion of the sale, the chief executive officer now directly owns 83,692 shares of the company’s stock, valued at $28,171,564.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.29% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in NFLX. Winthrop Partners WNY LLC boosted its holdings in shares of Netflix by 64.9% in the third quarter. Winthrop Partners WNY LLC now owns 94 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 37 shares during the period. 1 North Wealth Services LLC bought a new position in shares of Netflix in the third quarter worth $25,000. Intercontinental Wealth Advisors LLC boosted its holdings in shares of Netflix by 100.0% in the third quarter. Intercontinental Wealth Advisors LLC now owns 96 shares of the Internet television network’s stock worth $26,000 after acquiring an additional 48 shares during the period. Fulcrum Equity Management bought a new position in shares of Netflix in the third quarter worth $27,000. Finally, CX Institutional bought a new position in shares of Netflix in the third quarter worth $35,000. 80.84% of the stock is owned by institutional investors and hedge funds.

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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