Shares of Netflix, Inc. (NASDAQ:NFLX – Get Rating) earned an average “Hold” rating from the forty-four research firms that currently cover the company, MarketBeat.com reports. Five analysts have given the stock a sell recommendation, nineteen have given a hold recommendation and fifteen have given the company a buy recommendation. The average 12-month target price among brokerages that have reported the stock in the past year is $285.49.
Several analysts have recently commented on the company. Truist Financial lowered its price target on Netflix from $300.00 to $210.00 and set a “hold” rating on the company in a research note on Thursday, June 30. Morgan Stanley raised its price target on Netflix stock from $220.00 to $230.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 20. Barclays lowered its price target on Netflix shares from $275.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 6. Stifel Nicolaus upgraded Netflix stock from a “hold” rating to a “buy” rating and raised its price target on the company from $240.00 to $250.00 in a research report on Wednesday, July 20. Ultimately, Cfra cut Netflix stock from a “hold” rating to a “sell” rating and lowered its price target on the company from $245.00 to $238.00 in a research report on Monday, August 22.
Netflix stock performance
NASDAQ NFLX opened at $240.02 on Friday. The company has a market cap of $106.74 billion, a P/E ratio of 21.34, a PEG ratio of 1.67 and a beta of 1.23. Netflix has a twelve month minimum of $162.71 and a twelve month maximum of $700.99. The stock has a 50-day simple moving average of $232.83 and a 200-day simple moving average of $232.25. The company has a quick ratio of 1.05, a current ratio of 1.05, and a debt-to-equity ratio of 0.75.
Netflix (NASDAQ:NFLX – Get Rating) last issued its quarterly earnings results on Tuesday, July 19. The Internet TV network reported earnings per share of $3.20 for the quarter, beating analyst consensus estimates of $2.90 by $0.30. Netflix had a return on capital of 30.07% and a net margin of 16.42%. The company had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.03 billion. During the same period last year, the business posted $2.97 EPS. Business revenue increased 8.6% compared to the same quarter last year. Sell-side analysts expect Netflix to post 10.03 EPS for the current year.
Netflix Institutional Negotiation
Hedge funds have recently made changes to their stock positions. Norges Bank purchased a new stake in Netflix in the fourth quarter worth $2,612,150,000. Pershing Square Capital Management LP purchased a new stake in Netflix in the first quarter for $1,164,962,000. Loomis Sayles & Co. LP increased its stake in Netflix by 526,574.6% in the first quarter. Loomis Sayles & Co. LP now owns 3,107,380 shares of the internet television network worth $1,163,993,000 after purchasing an additional 3,106,790 shares during the last quarter. Polen Capital Management LLC increased its stake in Netflix by 85.7% in the first quarter. Polen Capital Management LLC now owns 5,005,530 shares of the internet television network worth $1,875,021,000 after purchasing an additional 2,310,617 shares during the last quarter. Finally, BlackRock Inc. increased its stake in Netflix by 8.1% in the fourth quarter. BlackRock Inc. now owns 29,223,880 shares of the Internet TV network worth $17,605,636,000 after buying an additional 2,179,427 shares last quarter. 75.52% of the shares are owned by institutional investors.
Netflix company profile
Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films and mobile games in various genres and languages. The company provides members with the ability to receive streaming content through a number of Internet-connected devices, including televisions, digital video players, set-top boxes and mobile devices.
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