Loop Capital Reiterates “Buy” Rating for Netflix (NFLX)

Netflix (NASDAQ:NFLX)‘s stock had its “buy” rating reaffirmed by analysts at Loop Capital in a research report issued on Wednesday. They presently have a $237.00 target price on the Internet television network’s stock. Loop Capital’s price target would indicate a potential upside of 27.90% from the company’s current price.

NFLX has been the topic of several other research reports. Sanford C. Bernstein set a $203.00 price target on shares of Netflix and gave the company a “buy” rating in a report on Wednesday, August 30th. BidaskClub lowered shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Citigroup boosted their price target on shares of Netflix from $180.00 to $205.00 and gave the company a “neutral” rating in a report on Friday, October 13th. Vetr lowered shares of Netflix from a “sell” rating to a “strong sell” rating and set a $162.49 price target on the stock. in a report on Monday, September 18th. Finally, Robert W. Baird reissued a “hold” rating and issued a $175.00 price target on shares of Netflix in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $209.65.

Netflix (NASDAQ NFLX) traded up $1.09 during trading hours on Wednesday, reaching $185.30. 5,490,000 shares of the company traded hands, compared to its average volume of 6,663,598. The firm has a market cap of $79,713.40, a PE ratio of 186.07, a P/E/G ratio of 5.47 and a beta of 1.33. Netflix has a 1 year low of $121.73 and a 1 year high of $204.38. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The company’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same period last year, the firm earned $0.12 EPS. research analysts forecast that Netflix will post 1.26 EPS for the current fiscal year.

In other news, CFO David B. Wells sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $189.39, for a total transaction of $189,390.00. Following the completion of the transaction, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at approximately $189,390. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Reed Hastings sold 75,243 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $196.25, for a total transaction of $14,766,438.75. Following the transaction, the chief executive officer now directly owns 75,243 shares of the company’s stock, valued at $14,766,438.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 323,935 shares of company stock valued at $62,565,812. 4.90% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC bought a new position in shares of Netflix in the third quarter valued at $171,000. Public Employees Retirement System of Ohio grew its stake in shares of Netflix by 0.3% in the third quarter. Public Employees Retirement System of Ohio now owns 285,901 shares of the Internet television network’s stock valued at $51,848,000 after buying an additional 877 shares in the last quarter. Truepoint Inc. grew its stake in shares of Netflix by 18,035.0% in the third quarter. Truepoint Inc. now owns 402,416 shares of the Internet television network’s stock valued at $402,000 after buying an additional 400,197 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in shares of Netflix by 161.0% in the third quarter. Salem Investment Counselors Inc. now owns 15,967 shares of the Internet television network’s stock valued at $2,837,000 after buying an additional 9,850 shares in the last quarter. Finally, Moors & Cabot Inc. bought a new position in shares of Netflix in the third quarter valued at $215,000. 83.38% of the stock is owned by institutional investors and hedge funds.

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Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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