Netflix (NFLX) Given New $320.00 Price Target at MKM Partners

Netflix (NASDAQ:NFLX) had its target price hoisted by MKM Partners from $245.00 to $320.00 in a research report report published on Monday, MarketBeat reports. MKM Partners currently has a buy rating on the Internet television network’s stock.

NFLX has been the subject of several other research reports. Credit Suisse Group set a $224.00 price target on shares of Netflix and gave the stock a neutral rating in a research note on Monday, January 8th. BidaskClub downgraded shares of Netflix from a buy rating to a hold rating in a research note on Saturday, December 2nd. Citigroup boosted their price target on shares of Netflix from $180.00 to $205.00 and gave the stock a neutral rating in a research note on Friday, October 13th. Vetr upgraded shares of Netflix from a buy rating to a strong-buy rating and set a $214.83 price target for the company in a research note on Friday, December 22nd. Finally, Loop Capital boosted their price target on shares of Netflix from $237.00 to $241.00 and gave the stock a buy rating in a research note on Tuesday, January 2nd. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the stock. Netflix currently has a consensus rating of Buy and an average price target of $236.86.

Netflix (NASDAQ NFLX) opened at $265.07 on Monday. The company has a market cap of $117,296.26 and a price-to-earnings ratio of 216.24. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.20. Netflix has a 12 month low of $138.26 and a 12 month high of $286.81.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The company’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 earnings per share. sell-side analysts forecast that Netflix will post 2.68 EPS for the current year.

In related news, Director Ann Mather sold 3,885 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $200.00, for a total value of $777,000.00. Following the completion of the sale, the director now directly owns 1,015 shares of the company’s stock, valued at $203,000. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jonathan Friedland sold 2,743 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $205.59, for a total transaction of $563,933.37. Following the completion of the sale, the insider now directly owns 1,147 shares of the company’s stock, valued at $235,811.73. The disclosure for this sale can be found here. Over the last three months, insiders sold 290,059 shares of company stock valued at $60,085,334. 4.90% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. increased its stake in Netflix by 264.7% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,100 shares of the Internet television network’s stock valued at $595,000 after purchasing an additional 2,250 shares during the period. Goodman Financial Corp acquired a new position in Netflix in the fourth quarter valued at $163,000. Victory Capital Management Inc. increased its stake in Netflix by 17.6% in the fourth quarter. Victory Capital Management Inc. now owns 50,165 shares of the Internet television network’s stock valued at $9,630,000 after purchasing an additional 7,512 shares during the period. Harrington Investments INC increased its stake in Netflix by 23.1% in the fourth quarter. Harrington Investments INC now owns 5,865 shares of the Internet television network’s stock valued at $1,126,000 after purchasing an additional 1,100 shares during the period. Finally, Rosenblum Silverman Sutton S F Inc. CA increased its stake in Netflix by 1.9% in the fourth quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 38,738 shares of the Internet television network’s stock valued at $7,436,000 after purchasing an additional 708 shares during the period. Institutional investors own 83.30% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another domain, it was stolen and reposted in violation of US and international copyright and trademark law. The original version of this piece can be accessed at https://www.com-unik.info/2018/02/02/netflix-nflx-given-new-320-00-price-target-at-mkm-partners.html.

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.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit