Netflix (NFLX) PT Set at $388.00 by Macquarie
Netflix (NASDAQ:NFLX) received a $388.00 price target from research analysts at Macquarie in a research note issued on Wednesday. The firm presently has a “buy” rating on the Internet television network’s stock. Macquarie’s price objective suggests a potential upside of 3.03% from the stock’s current price.
Several other analysts also recently issued reports on the company. Robert W. Baird restated a “neutral” rating and set a $370.00 price objective on shares of Netflix in a report on Monday. Guggenheim boosted their price objective on Netflix from $360.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, September 19th. SunTrust Banks set a $410.00 price objective on Netflix and gave the stock a “buy” rating in a report on Monday, September 17th. BidaskClub upgraded Netflix from a “hold” rating to a “buy” rating in a report on Friday, September 14th. Finally, ValuEngine upgraded Netflix from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirty-two have assigned a buy rating to the company’s stock. Netflix has a consensus rating of “Buy” and an average price target of $355.69.
Netflix stock traded up $7.17 during midday trading on Wednesday, hitting $376.60. The company’s stock had a trading volume of 111,508 shares, compared to its average volume of 8,602,865. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.86. The stock has a market cap of $160.95 billion, a PE ratio of 299.44, a price-to-earnings-growth ratio of 4.62 and a beta of 0.90. Netflix has a 12 month low of $176.55 and a 12 month high of $423.21.
In related news, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $385.05, for a total value of $385,050.00. Following the completion of the sale, the chief financial officer now owns 1,000 shares of the company’s stock, valued at approximately $385,050. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel David A. Hyman sold 38,976 shares of the business’s stock in a transaction that occurred on Thursday, July 19th. The shares were sold at an average price of $371.20, for a total value of $14,467,891.20. Following the completion of the sale, the general counsel now directly owns 43,895 shares of the company’s stock, valued at approximately $16,293,824. The disclosure for this sale can be found here. In the last three months, insiders sold 319,195 shares of company stock valued at $112,492,438. 4.29% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in NFLX. CSat Investment Advisory L.P. bought a new stake in Netflix during the second quarter worth approximately $117,000. Guidant Wealth Advisors boosted its position in Netflix by 190.5% during the second quarter. Guidant Wealth Advisors now owns 305 shares of the Internet television network’s stock worth $121,000 after purchasing an additional 200 shares during the period. Signature Estate & Investment Advisors LLC bought a new stake in Netflix during the second quarter worth approximately $124,000. WealthTrust Fairport LLC boosted its position in Netflix by 133.3% during the second quarter. WealthTrust Fairport LLC now owns 350 shares of the Internet television network’s stock worth $137,000 after purchasing an additional 200 shares during the period. Finally, BerganKDV Wealth Management LLC bought a new stake in Netflix during the second quarter worth approximately $137,000. 73.72% of the stock is owned by institutional investors and hedge funds.
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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