Wells Fargo & Co Reaffirms Outperform Rating for Netflix (NFLX)

Wells Fargo & Co reiterated their outperform rating on shares of Netflix (NASDAQ:NFLX) in a report issued on Monday morning, The Fly reports. Wells Fargo & Co currently has a $250.00 target price on the Internet television network’s stock, up from their previous target price of $230.00.

A number of other analysts have also recently commented on NFLX. Guggenheim reiterated a buy rating and issued a $210.00 price target (up previously from $190.00) on shares of Netflix in a research note on Tuesday, September 12th. Sanford C. Bernstein reiterated an outperform rating on shares of Netflix in a research note on Tuesday, September 12th. Needham & Company LLC reiterated a hold rating on shares of Netflix in a research note on Sunday, September 17th. Jefferies Group set a $165.00 price target on shares of Netflix and gave the company a neutral rating in a research note on Monday, September 18th. Finally, Piper Jaffray Companies reiterated a buy rating and issued a $215.00 price target on shares of Netflix in a research note on Monday, September 18th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-five have issued a buy rating to the company’s stock. Netflix has an average rating of Buy and a consensus price target of $210.81.

Shares of Netflix (NASDAQ NFLX) traded down $2.74 during mid-day trading on Monday, reaching $209.31. 6,125,855 shares of the company’s stock were exchanged, compared to its average volume of 6,220,000. The firm has a market capitalization of $90,570.00, a PE ratio of 211.42, a P/E/G ratio of 3.41 and a beta of 1.34. 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 has a 12-month low of $128.50 and a 12-month high of $212.98.

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

In related news, Director Richard N. Barton sold 700 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $211.27, for a total transaction of $147,889.00. Following the transaction, the director now directly owns 36,022 shares of the company’s stock, valued at $7,610,367.94. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jonathan Friedland sold 3,180 shares of the firm’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $211.64, for a total transaction of $673,015.20. Following the transaction, the insider now directly owns 1,032 shares in the company, valued at $218,412.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 342,107 shares of company stock worth $66,448,896. 4.90% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in NFLX. Oppenheimer Asset Management Inc. increased its holdings in Netflix by 2.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,860 shares of the Internet television network’s stock valued at $875,000 after buying an additional 124 shares during the period. HPM Partners LLC bought a new position in Netflix in the 2nd quarter valued at about $216,000. Almanack Investment Partners LLC. bought a new position in Netflix in the 2nd quarter valued at about $101,000. Northwestern Mutual Wealth Management Co. increased its holdings in Netflix by 3.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 30,331 shares of the Internet television network’s stock valued at $4,532,000 after buying an additional 1,089 shares during the period. Finally, AJO LP increased its holdings in Netflix by 34.3% in the 2nd quarter. AJO LP now owns 39,206 shares of the Internet television network’s stock valued at $5,858,000 after buying an additional 10,024 shares during the period. 83.27% of the stock is currently owned by hedge funds and other institutional investors.

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About Netflix

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.

The Fly

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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