Netflix (NFLX) Given New $324.00 Price Target at BMO Capital Markets


Netflix (NASDAQ:NFLX) had its price target hoisted by BMO Capital Markets from $310.00 to $324.00 in a research note released on Tuesday. The firm currently has a market perform rating on the Internet television network’s stock.

A number of other analysts have also weighed in on NFLX. Vetr lowered Netflix from a strong-buy rating to a buy rating and set a $212.23 target price on the stock. in a research note on Monday, December 18th. Zacks Investment Research upgraded Netflix from a hold rating to a buy rating and set a $213.00 target price on the stock in a research note on Tuesday, December 19th. Macquarie upgraded Netflix from a neutral rating to an outperform rating and increased their target price for the stock from $200.00 to $220.00 in a research note on Tuesday, January 2nd. Loop Capital increased their target price on Netflix from $237.00 to $241.00 and gave the stock a buy rating in a research note on Tuesday, January 2nd. Finally, Credit Suisse Group set a $224.00 target price on Netflix and gave the stock a neutral rating in a research note on Monday, January 8th. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Netflix currently has an average rating of Buy and an average price target of $293.44.


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NASDAQ:NFLX opened at $332.70 on Tuesday. Netflix has a fifty-two week low of $139.27 and a fifty-two week high of $338.82. The firm has a market cap of $145,164.42, a P/E ratio of 266.16, a P/E/G ratio of 4.37 and a beta of 0.99. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.40 and a current ratio of 1.30.


Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, April 16th. The Internet television network reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.01. Netflix had a return on equity of 19.11% and a net margin of 5.26%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the firm posted $0.40 EPS. Netflix’s quarterly revenue was up 40.3% compared to the same quarter last year. sell-side analysts forecast that Netflix will post 2.87 EPS for the current year.


In other news, Director Richard N. Barton sold 350 shares of Netflix stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $263.00, for a total value of $92,050.00. Following the sale, the director now directly owns 7,332 shares of the company’s stock, valued at $1,928,316. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Reed Hastings sold 75,369 shares of Netflix stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $225.52, for a total value of $16,997,216.88. Following the completion of the sale, the chief executive officer now directly owns 75,369 shares in the company, valued at $16,997,216.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 442,200 shares of company stock worth $119,779,880. 4.90% of the stock is owned by corporate insiders.


Several large investors have recently modified their holdings of NFLX. James Hambro & Partners acquired a new stake in shares of Netflix in the fourth quarter worth approximately $106,000. Duncker Streett & Co. Inc. boosted its stake in shares of Netflix by 47.1% in the fourth quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after acquiring an additional 200 shares during the last quarter. Wagner Wealth Management LLC acquired a new stake in shares of Netflix in the fourth quarter worth approximately $125,000. Crewe Advisors LLC acquired a new stake in shares of Netflix in the fourth quarter worth approximately $149,000. Finally, Goodman Financial Corp acquired a new stake in shares of Netflix in the fourth quarter worth approximately $163,000. 81.65% of the stock is currently owned by hedge funds and other institutional investors.


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About Netflix

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)

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